Gillette Pakistan confirms voluntary delisting with buy-back price of PKR 700 per share

Gillette Pakistan has confirmed its voluntary delisting from the Pakistan Stock Exchange (PSX), agreeing to a buy-back price of PKR 700 per share. The decision follows the approval of Series Acquisition B.V., the majority shareholder, which represents Gillette Latin America Holding B.V.

This move is in accordance with PSX’s Regulation No. 5.14.7, which set the buy-back price for Gillette’s ordinary shares at PKR 700. The majority shareholder's acceptance of the buy-back price marks a key step in the company's delisting process.

A letter detailing the acceptance was sent by the company to Syed Ahmed Abbas, the Chief Listing Officer of PSX, on February 5, 2026. The buy-back arrangement allows Gillette Pakistan to proceed with the delisting, enabling shareholders to sell their shares back at the agreed price, subject to further regulatory approvals.

Gillette had filed the formal application to delist from PSX back in November, 2025 originally offering a buyback price of Rs216.49 per share. This price was rejected by the Pakistan Stock Exchange’s Voluntary Delisting Committee as they fixed the minimum buyback price of Rs700 per share.

Gillette Pakistan’s move to delist follows its parent company Procter & Gamble’s decision to discontinue direct business operations in Pakistan as part of a broader global restructuring initiative. Under this strategy, P&G plans to shut down local manufacturing and commercial activities and transition to a third-party distributor model to continue serving Pakistani consumers, reducing fixed operational presence in the country.