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 | 152,740.38 147.44M | -1.01% -1551.88 |
| ALLSHR | 91,858.47 324.25M | -0.86% -800.10 |
| KSE30 | 46,223.61 86.89M | -1.45% -681.25 |
| KMI30 | 219,130.92 66.08M | -1.15% -2553.50 |
| KMIALLSHR | 59,625.28 139.61M | -0.93% -562.17 |
| BKTi | 42,104.46 39.09M | -2.02% -866.56 |
| OGTi | 32,077.87 10.13M | -1.27% -414.19 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 70,155.00 | 71,480.00 69,440.00 | -205.00 -0.29% |
| BRENT CRUDE | 109.55 | 113.11 105.05 | 0.90 0.83% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -12.60 -11.25% |
| ROTTERDAM COAL MONTHLY | 123.30 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 98.09 | 98.75 92.47 | 2.54 2.66% |
| SUGAR #11 WORLD | 15.63 | 15.72 15.27 | 0.26 1.69% |
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