Announcement by UOHL
Delisting of the Shares of Unilever Pakistan Limited and purchase by the majority shareholder Unilever Overseas Holdings Limited, United Kingdom of all outstanding shares of Unilever Pakistan Limited held by the other shareholders under Listing Regulations 30-A of the Karachi, Lahore and Islamabad Stock Exchanges.
The majority shareholder of Unilever Pakistan Limited Unilever Overseas Holdings Limited, United Kingdom, who presently holds 75.07% of the total issued share capital of the Company, has conveyed its' intention to acquire all of the issued ordinary shares held by the other shareholders of the Company at a proposed purchase price of Rs.9,700/-per ordinary share
It will also seek the de-listing of the shares of the Company from the Karachi, Lahore and Islamabad Stock Exchanges in accordance with the Voluntary DeListing provisions of their respective Listing Regulations and to seek the revocation of the CDS Eligibility of the shares of the Company.
A copy of the intimation received from Unilever Overseas Holdings Limited has been sent to the Karachi, Lahore and Islamabad Stock Exchanges and copied to the Securities and Exchange Commission of Pakistan under Regulation 30-A(i), and Clause (xx) of the Code of Corporate Governance set out in Regulation 35, of their respective Listing Regulations.
Unilever Pakistan Limited
Fatimah Jinnah Road
T: +92-21-3 566 0062 (ext 2270)