JS Global submits PAI to acquire up to 45.03pc shares of Next Capital

JS Global Capital Limited, on behalf of its clients or acquirers, has submitted a Public Announcement of Intention (PAI) to acquire up to 45.03pc shares (20,264,344 shares) of Next Capital Limited.

In a letter sent to the Pakistan Stock Exchange (PSX), JS Global Capital Limited stated, “On behalf of our clients, Muhammad Najam Ali, Mrs Hanna Khan and Muhammad Zulqarnain Mehmood Khan, JS Global Capital submits Acquirers’ PAI to acquire up to 45.03pc shares of Next Capital Limited (target company).”

The acquirers already hold 29.95pc shares of Next Capital.

JS Global Capital Limited has been appointed as manager to the offer by the acquirers in accordance with regulations.