Telecard signs SPA with Hallmark for sale of its Supernet shares

MG News | February 15, 2024 at 12:27 PM GMT+05:00

0:00

February 15, 2024 (MLN): Telecard Limited (PSX: TELE) has entered into a Share Purchase Agreement (SPA) with Hallmark Company Limited for the sale and transfer of Telecard's entire shareholding in Supernet Limited, the latest notice issued by the company on the local bourse showed today.

The shareholding comprises 100,216,722 shares, constituting 81.18% of Supernet's issued and paid-up capital, to be transferred to Hallmark.

To note, Hallmark is a direct subsidiary of Telecard Limited.

The consummation of this proposed transaction will be subject to fulfilment of all conditions precedent under the SPA, and obtaining all applicable regulatory and corporate approvals as may be required, the notice said.

To recall, the authorization was already granted by the shareholders in the extraordinary general meeting held on January 16, 2024,

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,114.21 98.80M	0.47% 729.70
ALLSHR	95,582.45 279.86M	0.47% 448.88
KSE30	47,699.46 41.76M	0.49% 232.47
KMI30	228,879.26 29.55M	0.54% 1234.04
KMIALLSHR	64,241.60 135.39M	0.55% 353.54
BKTi	42,092.72 23.31M	0.79% 330.95
OGTi	31,727.74 1.40M	0.34% 108.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%