Karachi August 4 2024: Big Bird Foods Limited, chicken supplier of McDonald’s, KFC and Pizza Hut, share trading to commence from today on Monday August 05, 2024 at Pakistan Stock Exchange.
Pakistan Stock Exchange Limited is pleased to notify the listing of Big Bird Foods Limited (BBFL) with effect from Monday, August 05, 2024. BBFL is being listed on the Exchange pursuant to the Scheme of Arrangement (Scheme) for merger / amalgamation of MetaTech Trading Limited (META) with and into Big Bird Foods Limited sanctioned by the Lahore High Court vide Order dated June 26, 2024.
As per the swap ratio disclosed in the Scheme, the shareholders of META have been allotted 0.24 share of BBFL against 1 share of META.
Trading in the shares of the Company will commence on the PSX Main Board from Monday, August 05, 2024 and shall be settled on T+2 basis. The first settlement date will be Wednesday, August 07, 2024.
The Market Lot of the Company will be 1 share of PKR10/- each.
The shares of the Company have already been declared as an eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL). NCCPL has assigned “BBFL” to the Company as their Company Code / Security Symbol.
The Opening Price of the shares of the Company will be PKR 51.28/- per share as determined by the Company and duly certified by the auditor has already been disseminated through PUCARS on July 23, 2024.
The Company will be quoted in the “Food & Personal Care Products” Sector in the Daily Quotation of the Exchange.
About the Big Bird Foods Limited:
Big Bird Foods Limited (BBFL) was incorporated on September 21, 2011, as a private limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017). Subsequently, it was converted into a public limited company on June 01, 2023. The principal business of the company is to carry on the business of manufacturer, importer, exporter, supplier, distributor, agent of dealers/manufacturers doing business in food and produce of every kind, and to act as an agent of manufacturers, merchants, traders, and others for the purchase, disposal, and sale of all kinds of merchandise, goods, commodities, materials, and generally to undertake and to carry out agency work of any kind in any part of the world except managing agency business.
The poultry processing plant is located at Jamber Khurd on Multan Road about 63 KM from Lahore.
The plant is one of the most modern in the world and is equipped with modern technology. Big Bird Foods has taken the best global food technology brands on board to build the plant at an international level. The details are as follows:
- Pre-fabricated steel building by Mabani Steel-UAE
- Further processing line (Ready to Cook, Ready to Eat) by GEA/CFS-Netherlands
- Slaughtering & processing line (6000/hr) by Meyn-Netherlands
- Rendering plant by Haarslev-Malaysia
- Freezing for cold storage by JBT-Singapore/Johnson Control-Turkey
- Hygiene equipment by EDT Edestahl Technic-Germany
- Industrial flooring material by Malaysia
- Insulated sandwich panel for cold storage by Kingspan-Turkey/Ispoli Yapi Elemanlari-Turkey
- Diesel generator by Caterpillar S.A.R.L-UK
- Packing system by ISHIDA Co. Ltd.-Japan
