Bank Alfalah converts Agritech's preference shares to ordinary

MG News | April 02, 2024 at 09:12 AM GMT+05:00

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April 02, 2024 (MLN): Agritech Limited (PSX: AGL) received a notice from Bank Alfalah Limited (PSX: BAFL) on February 13, 2024, for conversion of its entire (i.e.,10,883,486) preference shares into ordinary shares under the Share Subscription Agreement, the company's filing on PSX revealed today.

To recall, the company issued 159,334,269 Preference Shares in 2012 under the Share Subscription Agreement on February 13, 2012, to selected investors.

The principal business of the company is to produce and sell the Urea and Granulated Single Super Phosphate fertilizer.

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