Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall to around 17% YoY in April

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

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

March 4, 2020 (MLN): The Voluntary Delisting Committee of the Exchange, in its meeting held March 3rd, 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

 

Posted on: 2020-03-04T10:48:00+05:00

33162