Johnson & Phillips set for delisting following shareholder resolution

MG News | December 29, 2023 at 12:05 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 29, 2023 (MLN): The shareholders of Johnson & Phillips (Pakistan) Limited (PSX: JOPP) have resolved that the company shall be delisted from the Exchange upon completion of all regulatory requirements as prescribed by the Exchange, the company’s filing on local bourse revealed today.

Accordingly, the sponsors of the company are hereby authorized to purchase 545,983 ordinary shares of the company, each with a face value of Rs10, at a buyback price of Rs160.

This buyback price has been determined and approved by the Voluntary Delisting Committee of the Exchange on December 18, 2023.

The owners have further authorized Muhammad Anis Mianoor, the CEO of the company to do all acts, and deeds and take all necessary actions, including completing all legal formalities and filing all documents as may be necessary, to implement the aforementioned resolutions.

“As well as carry out any other act which may be ancillary and/or incidental to the above and necessary to achieve the objective of the aforesaid resolutions,” the notice concludes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,409.25 235.53M	-0.47% -784.19
ALLSHR	100,707.78 824.63M	-0.45% -457.17
KSE30	49,026.65 68.91M	-0.60% -294.03
KMI30	237,971.74 66.09M	-0.41% -986.42
KMIALLSHR	65,023.98 327.90M	-0.48% -312.08
BKTi	45,944.24 13.97M	-0.74% -340.31
OGTi	33,648.58 5.44M	-0.37% -124.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,295.00	78,375.00 76,820.00	1325.00 1.72%
BRENT CRUDE	111.74	112.41 111.44	-1.69 -1.49%
RICHARDS BAY COAL MONTHLY	134.00	0.00 0.00	0.75 0.56%
ROTTERDAM COAL MONTHLY	148.05	0.00 0.00	0.30 0.20%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	102.43	102.75 102.25	-1.69 -1.62%
SUGAR #11 WORLD	19.37	19.58 19.21	-0.10 -0.51%