UNITY commences public offer acceptance period

UNITY - Material Information
Posted by: Aamir Hayat 0

UNITY commences public offer acceptance period

In a notification sent to the PSX on 13/06/2024, Unity Foods Limited (UNITY) announced the commencement of the acceptance period for the public offer.

The notification contains the following announcement:

“This is with reference to the Public Announcement of Public Offer read in conjunction with the Corrigendum to the Public Announcement of Public Offer made by (i) Wilmar Pakistan Holdings Pte. Ltd.; (ii) Unity Wilmar Agro (Private) Limited; (iii) Mr. Muhammad Farrukh; and (iv) Ms. Fehmida Amin (collectively the ‘Acquirers’) in Business Recorder (English) and Nawa-e-Waqt (Urdu) newspapers on April 19, 2024, and April 27, 2024, respectively, in relation to the offer to acquire up to 277,070,908 shares (constituting 23.20% of the shareholding interest) and joint control of Unity Foods Limited.

It is hereby informed that in lieu of the upcoming Eid al-Adha holidays, the acceptance period for the Public Offer will commence from June 14, 2024, and will end on June 24, 2024 (both days inclusive). In this regard, Offer Letters, along with relevant instructions and Letters of Acceptance, have been dispatched to all entitled shareholders. Moreover, the Letter of Acceptance can also be downloaded from the website of Arif Habib Limited (the Manager to the Offer):

All shareholders who intend to tender their shares of Unity Foods Limited, are invited to tender their shares at PKR 27.34/- per share to the Manager to the Offer, using the following details, on or before 5:00 pm on June 24, 2024:

  • CDC Account Title: Manager to the Offer (Unity Foods Limited)
  • CDC Participant ID: 06452
  • CDC Sub Account No: 178153
  • UIN: 0111429
  • Transaction Reason Code: UIN # WEHL000002568UAE
  • For Intra Account – A021
  • For Inter Account – P015

UNITY shares were last trading at Rs. 27.14 today.

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *