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 | 153,966.36 220.48M | 0.80% 1225.99 |
| ALLSHR | 92,315.63 371.19M | 0.50% 457.15 |
| KSE30 | 46,696.53 103.13M | 1.02% 472.91 |
| KMI30 | 222,292.88 92.17M | 1.44% 3161.96 |
| KMIALLSHR | 60,009.47 205.97M | 0.64% 384.18 |
| BKTi | 41,978.02 36.60M | -0.30% -126.44 |
| OGTi | 32,154.23 11.72M | 0.24% 76.36 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 69,445.00 | 71,490.00 68,915.00 | -1290.00 -1.82% |
| BRENT CRUDE | 103.50 | 105.00 100.21 | 3.56 3.56% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -10.35 -9.43% |
| ROTTERDAM COAL MONTHLY | 119.50 | 119.50 119.50 | 0.50 0.42% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.65 | 93.36 88.50 | 3.52 3.99% |
| SUGAR #11 WORLD | 15.90 | 15.91 15.40 | 0.38 2.45% |
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