Karachi December 23 2021: Wyeth LLC, USA., the majority shareholder of Wyeth Pakistan Limited (the Company) have decided to purchase all the shares of the Company held by others (barring those held by its wholly owned subsidiary, Wyeth Holdings Corporation, US).
The shareholders of the Company passed a special resolution for de-listing of the Company from the Pakistan Stock Exchange at the Extraordinary General Meeting held on December 15, 2021, copy of Special Resolution is being sent to the members separately.
Wyeth LLC, USA is offering to buy the shares of the Company at a price of Rs. 2,000 per share. This purchase price has also been approved by the Pakistan Stock Exchange Limited in accordance with its Regulations.
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Wyeth Decided To Buy Back At least 25 Percent Shares From Market For Delisting: PSX - AUGAF
The share purchase offer will be valid from December 27, 2021 to February 25, 2022 both days inclusive. After this period, it is intended that the Company will be delisted from the Pakistan Stock Exchange Limited.
This offer is valid for all shareholders of the company (i.e. those shareholders holding physical share certificates and those shareholders whose shares are held as book-entry security in the Central Depository System of the Central Depository Company of Pakistan Limited (CDC).
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