Karachi September 15, 2021: The Board of Directors of Searle Company Limited decided that the shares of Searle Pakistan Limited (formerly Searle Pakistan (Private) Limited (“SPL”), a wholly owned subsidiary of the Searle Company Limited, may be listed on PSX.
In accordance with Rule 5 of the Rule Book of PSX (“PSX Rulebook”), up to the maximum extent of 349,010,000 (Three Hundred Forty Nine Million Ten Thousand) ordinary shares, as and by way of an initial public offering at the strike price to be determined by SPL in accordance with the Public Offering Regulations, 2017 (the “Public Offering Regulations"), and applicable rules and regulations of the PSX.
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This is decided at a meeting of the Board of Directors (“Board”) of The Searle Company Limited held at One IBL Centre, Shahrah-E-Faisal, Karachi and via video link on September 15, 2021 at 11:30a.m.
