Corporate Alert: PSX seeks public comments on Dalda Foods Ltd. and AGP Ltd. Offer of Sale documents

Pakistan Stock Exchange has invited public comments on the proposal submitted by Dalda Foods & AGP Ltd. for public offering.

Particulars of the AGP Ltd. offer are as follows:

This Offer consists of 35,000,000 ordinary shares (12.50% of the total paid up capital of AGP Limited) of face value of PKR 10.00/- each. The Offer is being made through the Book Building process at a Floor Price of PKR 40.00/- per share (including a premium of PKR 30.00/- per share). The bidders shall be allowed to place bids for One Hundred Percent (100%) of the offer size and the Strike Price shall be the price at which One Hundred Percent (100%) of the Offer is subscribed. However, the successful bidders shall be provisionally allotted only Seventy Five Percent (75%) of the offer size i.e. 26,250,000 Ordinary Shares and the remaining Twenty Five Percent (25%) i.e. 8,750,000 Ordinary Shares shall be offered to the retail investors.

Particulars of the Dalda Foods Ltd. offer are as follows:

This Issue consists of 82,500,000 ordinary shares (25% of the total post-Issue paid up capital of Dalda Foods Limited of face value of PKR 10 each, of which, 30,000,000 (9.10% of post-Issue paid up capital of Dalda Foods Limited) ordinary shares are being issued by Dalda Foods Limited and 52,500,000 (15.90% of postIssue paid up capital) ordinary shares are being offered by DFL Corporation (Private) Limited as an Offer for Sale. The Issue is being made through the Book Building process at a Floor Price of PKR 85/- per share (including a premium of PKR 75/- per share). The bidders shall be allowed to place bids for hundred percent (100%) of the Issue size and the Strike Price shall be the price at which the hundred percent (100%) of the Issue is subscribed. However, the successful bidders shall be provisionally allotted only seventy-five percent (75%) of the Issue size i.e. 61,875,000 shares and the remaining twenty five percent (25%) i.e. 20,625,000 shares shall be offered to the retail investors.

The complete prospectuses of both the companies are available at www.psx.com.pk