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 | 170,672.04 444.68M | 0.89% 1498.66 |
| ALLSHR | 102,034.89 1,176.40M | 0.89% 901.14 |
| KSE30 | 51,809.61 215.03M | 1.15% 591.24 |
| KMI30 | 244,986.87 145.97M | 1.11% 2692.35 |
| KMIALLSHR | 66,123.66 455.18M | 1.13% 736.83 |
| BKTi | 48,171.04 144.17M | 1.14% 545.15 |
| OGTi | 35,705.20 10.10M | 1.47% 516.25 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 78,695.00 | 79,095.00 77,760.00 | 460.00 0.59% |
| BRENT CRUDE | 104.56 | 107.48 104.56 | -0.51 -0.49% |
| RICHARDS BAY COAL MONTHLY | 103.25 | 0.00 0.00 | -1.00 -0.96% |
| ROTTERDAM COAL MONTHLY | 102.10 | 0.00 0.00 | -0.70 -0.68% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 94.84 | 97.85 94.80 | -1.01 -1.05% |
| SUGAR #11 WORLD | 14.01 | 14.10 13.87 | 0.12 0.86% |
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