Gillette Pakistan majority shareholder offers Rs700 per share to minority investors

Series Acquisition B.V., the majority shareholder of Gillette Pakistan Limited, has offered to purchase all remaining shares of the company from minority shareholders at Rs700 per share as part of the process to delist the company from the Pakistan Stock Exchange.

The company informed shareholders that a special resolution approving the delisting was passed during an Extraordinary General Meeting held on March 4, 2026.

Under the terms of the offer, Series Acquisition B.V. will purchase shares held by minority investors, while shares already owned by the sponsor or majority shareholder are excluded from the transaction.

The purchase offer will remain open from March 12, 2026 to May 10, 2026, after which the company intends to proceed with delisting from the exchange.

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The offer applies to all shareholders, including those holding physical share certificates as well as investors whose shares are maintained in book-entry form through the Central Depository Company of Pakistan.

Arif Habib Limited has been appointed as the purchase agent to facilitate the transaction. 

Shareholders holding physical certificates will be required to submit share certificates and verified transfer deeds, along with identity documents where applicable.

Once documents are verified by the company’s share registrar, FAMCO Share Registration Services, shareholders will receive payment at Rs700 per share after deduction of applicable brokerage commission.

Payments for physical shares will be made within three weeks after issuance of the receipt by the purchase agent. For shares held through the Central Depository System, transactions will be executed through the trading system of the Pakistan Stock Exchange with payments made according to the exchange’s clearing schedule.

The purchase price has already been approved by the Pakistan Stock Exchange in accordance with its regulations.