glpl News
Gillette Pakistan share buyout set at Rs700 ahead of delisting
Series Acquisition B.V. (SABV), the majority shareholder of Gillette Pakistan Limited (PSX: GLPL), is set to purchase all shares of the company held by other shareholders, excluding those held by the sponsor or majority shareholder.
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GLPL's sponsors accept PSX-set Rs700 buyback price
Gillette Pakistan Limited (PSX: GLPL) has moved a step closer to its voluntary de-listing from the Pakistan Stock Exchange after the majority shareholder/sponsor accepted the purchase of ordinary shares at a PSX-determined buy-back price of Rs700 per share.
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Gillette Pakistan Limited's (PSX:GLPL) voluntary delisting application has been reviewed by the Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange, with the committee setting a minimum buyback price significantly higher than the sponsor's offer.
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Gillette Pakistan Board approves delisting from PSX
In a major corporate development, Gillette Pakistan Limited has announced plans to wind up its operations in Pakistan, following a decision by its parent company, Procter & Gamble (P&G), to discontinue business in the country as part of a global restructuring program.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 155,858.48 232.66M | -0.20% -318.64 |
| ALLSHR | 93,385.83 437.37M | -0.25% -237.26 |
| KSE30 | 47,851.52 125.11M | -0.40% -191.53 |
| KMI30 | 223,719.09 107.59M | -0.60% -1350.50 |
| KMIALLSHR | 60,541.53 227.24M | -0.53% -324.48 |
| BKTi | 45,022.52 54.66M | -0.18% -79.74 |
| OGTi | 32,464.35 8.69M | -1.99% -658.12 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 69,740.00 | 70,440.00 69,520.00 | -455.00 -0.65% |
| BRENT CRUDE | 89.47 | 92.98 86.24 | 1.67 1.90% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -10.20 -9.31% |
| ROTTERDAM COAL MONTHLY | 121.00 | 0.00 0.00 | -0.85 -0.70% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 85.23 | 88.99 81.79 | 1.78 2.13% |
| SUGAR #11 WORLD | 14.31 | 14.53 14.30 | -0.07 -0.49% |
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