Wilmer Pakistan Holdings to Acquire Ordinary Shares of Unity Foods Limited

Posted by: Aamir Hayat Like: 0 Post Date: April 18, 2024

Wilmer Pakistan Holdings to Acquire Ordinary Shares of Unity Foods Limited

In a notification set to PSX on 18/04/2024, Unity foods Limited (UNITY) has announced the acquisition of Unity Foods Limited Shares by AHL on behalf of Wilmer Pakistan Holdings.

Reference is made to the Public Announcement of Intention to acquire up to 277,070,908 ordinary shares of Unity Foods Limited (the “Target Company”) made by Arif Habib Limited (Manager to the Offer) on behalf of Wilmar Pakistan Holdings Pte. Ltd., Unity Wilmar Agro (Private) Limited, Mr. Muhammad Farrukh and Ms. Fehmida Amin (the “Acquirer”) under and pursuant to the provisions of Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 (the “Regulations”) as published in Business Recorder (English) and Nawa-i-Waqt (Urdu) newspapers on March 20th, 2024.

In connection with the above, on behalf of the Acquirer we are pleased to submit a copy of Public Announcement of Offer to acquire up to 277,070,908 ordinary shares of the Target Company representing 23.20% of the issued ordinary share capital of the Target Company in accordance with Section 117 of the Act.

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The hard copy of the offer document along with all relevant documents required under the Takeover Regulations has been couriered to your kind office. A copy of the enclosed announcement shall be published in Business Recorder and Nawa-i-Waqt newspapers on April 19th, 2024.

The shares of UNITY were last trading at Rs 23.54 today.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

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