Fauji Fertilizer Initiates Public Offer to Acquire 151 Million Shares of Agritech
Fauji Fertilizer Company Limited (PSX: FFC) has launched a Public Offer to acquire 151.05 million ordinary shares of Agritech Limited.
In a notice issued to the Pakistan Stock Exchange (PSX) on Wednesday, FFC stated that the offer is made in accordance with the Securities Act of 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations of 2017.
The announcement, made by Integrated Equities Limited—the Manager to the Offer—references a Public Announcement of Intention to acquire shares and control of Agritech Limited, initially published on September 12, 2024, in two newspapers.
As part of the process, FFC has submitted the Public Announcement of Offer under Regulation 7(2) of the aforementioned regulations. Furthermore, supplementary documents and required information under Regulation 7(5) will be submitted separately to the Commission.
A copy of the Public Offer announcement will be published in Nawa-e-Waqt and The Nation on October 25, 2024, according to the notice.
