Fatima Fertilizer Company Limited has decided to attempt procurement of various instruments of Agritech Limited held by banking and other financial institutional investors.
These instruments include ordinary shares, convertible preference shares, non-convertible preference shares, zero coupon bonds and sukuks of Agritech.
Fatima Fertilizer shared this development through a notice to the Pakistan Stock Exchange (PSX) in accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book of the PSX.
“We are pleased to announce that Fatima Fertilizer Company Limited (the “Company”) has decided to attempt procurement of various instruments of Agritech Limited (“Agritech”) (i.e. Ordinary Shares, Convertible Preference Shares, Non-Convertible Preference Shares and Zero Coupon Bonds /Sukuks) held by banking and other financial institutional investors of Agritech,” read the notice.
“We will keep reporting any significant developments in this regard and the company will make further announcements as required under the PSX regulations” it further said.
Fatima Fertilizer is manufacturer, producer, buyer, seller, importer and exporter of fertilizers and chemicals whereas Agritech Limited’s principal business is the production and sale of Urea and Granulated Single Super Phosphate fertilizer.
