DHPL shares to list on PSX at Rs58.99 opening price

January 06, 2024 (MLN): DH Partners Limited (PSX: DHPL) is set to make its debut on the Pakistan Stock Exchange (PSX) with an opening price of Rs58.99 per share.

This valuation is based on the final computation following the issuance of shares to the company’s shareholders under the approved Scheme of Arrangement.

The aforementioned information was disseminated through a notification to Exchange.

"Reference is being made to the Scheme of Arrangement between Dawood Hercules Corporation Limited ("the Company", now renamed "Engro Holdings Limited"), Engro Corporation Limited ("Engro Corp"), and DH Partners Limited ("DHPL") (the "Scheme"), as sanctioned by the Islamabad High Court via its Order dated July 18, 2024, with effect from January 1, 2025", as notices reads.

The compamy also shared the final computation of the ex price and the opening price of DHPL.

1. The ex-price at which the shares of Engro Holdings Limited will open on PSX, effective Monday, January 6, 2025.

2. The opening price of DHPL shares upon their listing on PSX, following the issuance of shares to the Company's shareholders in accordance with the Scheme.

To recall, in its previous communication on December 11, 2024, the company shared indicative timelines for the Scheme and preliminary computations for the ex-price of Engro Holdings Limited shares and the opening price of DHPL shares at PSX.

The ex-price of Engro Holdings was calculated using the closing price of Engro Corp shares on January 3, 2025 (Rs 485.38) and the swap ratio of 2.24407865.

Meanwhile, the opening price of DHPL shares was derived by subtracting the ex-price from the closing price of Engro Holdings (Rs 275.28).