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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| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
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| BITCOIN FUTURES | 69,335.00 | 69,795.00 68,465.00 | -610.00 -0.87% |
| BRENT CRUDE | 108.00 | 111.80 107.42 | -1.77 -1.61% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 5.25 4.90% |
| ROTTERDAM COAL MONTHLY | 113.00 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
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| SUGAR #11 WORLD | 14.75 | 15.07 14.69 | -0.22 -1.47% |
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