Karachi November 17 2021: Wyeth management convey the acceptance of the Sponsors to purchase the Ordinary Share of Wyeth Pakistan Limited at a buy back price of PKR 2,000 per share, subject to purchase of at least 99,145 ordinary shares (i.e. 25%) out of the total 396.579 Ordinary shares outstanding with the minority shareholders of the Company to qualify for delisting as approved by the voluntary Delisting Committee of the Exchange.
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Wyeth To Buyback All Shares From Minority Shareholders: PSX
Earlier, in accordance with PSX Regulation No. 5.14.2, the Voluntary Delisting Committee of the Exchange in its meeting held in August has approved the minimum buy-back price of PKR 2,000/-per share. Moreover, the Committee has also determined the minimum quantum of purchase of at least 99,145 Ordinary Shares (i.e. 25%) out of the total 396,579 Ordinary Shares outstanding with the minority shareholders, to qualify for delisting.
