Delisting Committee approves minimum buy-back price of Rs 270/share for Akzo Nobel

MG News | March 04, 2020 at 10:48 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 4, 2020 (MLN): The Voluntary Delisting Committee of the Exchange, in its meeting held March 3^rd, 2020, has approved the minimum buy-back price of PKR 270 per share in reference to the voluntary delisting of Akzo Nobel Pakistan Limited.

Moreover, the Committee has also determined the minimum quantum of purchase of at least 6,178,511 Ordinary Shares (i.e. 55%) out of the total 11,233,655 Ordinary Shares outstanding with the minority shareholders, to qualify for delisting.

In relation to Buy-back of shares and delisting, the committee asks to convey the acceptance of the Sponsor immediately.

Copyright Mettis Link News

Related News

S.G. Power rebrands as Crestwell Healthcare

TRG: Proving Grounds

TRG wins key US court ruling against Zia Chishti

Name	Price/Vol	%Chg/NChg
KSE100	167,528.60 99.92M	0.05% 77.46
ALLSHR	101,033.31 398.46M	0.03% 32.30
KSE30	50,074.95 32.55M	-0.02% -8.14
KMI30	241,753.19 47.65M	0.22% 532.31
KMIALLSHR	65,925.53 234.88M	0.17% 108.63
BKTi	45,517.51 13.58M	-0.26% -118.72
OGTi	35,412.60 2.22M	-0.13% -45.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,850.00	80,120.00 78,985.00	105.00 0.13%
BRENT CRUDE	105.96	106.40 104.57	0.33 0.31%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-6.75 -5.78%
ROTTERDAM COAL MONTHLY	109.80	109.80 108.15	0.10 0.09%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.29	101.82 99.60	0.27 0.27%
SUGAR #11 WORLD	15.39	15.41 14.95	0.38 2.53%