Pakistan Gum and Chemicals Ltd urges its remaining shareholders to sell their holdings

MG News | January 10, 2020 at 05:05 PM GMT+05:00

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January 10, 2020 (MLN): Pakistan Gum and Chemicals Limited has informed its shareholders that the initial buy-back period of purchase of shares by the sponsors has already been expired on December 24, 2019.

‘The remaining majority shareholders of the Company, who could not avail the opportunity earlier and desire to sell the shares, are requested to approach the Purchase Agent of the Company, i.e. Arif Habib Limited, for the purpose’ the company stated in its notice to PSX.

The Purchase Agent and Sponsors of the Company have submitted an undertaking to the Pakistan Stock Exchange for purchase of the remaining shares at the price of Rs. 300 per share approved by the Exchange for a further period up to December 25, 2020.

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