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Karachi, In accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, it is announced that the merger of BRR Guardian Modaraba (BRRGM) with BRR Guardian Limited (BRRG) has been successfully completed. The amalgamation was carried out at a swap ratio of 1:1.
As a result of the merger, BRR Guardian Modaraba (BRRGM) has been absorbed into BRR Guardian Limited (BRRG), and the latter will continue its operations as the surviving entity. The opening price of BRR Guardian Limited (BRRG) will be determined as the closing price of “BRRGM,” considering the 1:1 swap ratio.
It is noteworthy that BRR Guardian Limited (BRRG) was specifically incorporated for the purpose of this merger. The amalgamation signifies a strategic move that aims to enhance the operations and value proposition of the consolidated entity.
Shareholders and investors are advised to take note of the completed merger and its implications on the trading of shares of BRR Guardian Limited (BRRG). The amalgamation is expected to offer synergies and benefits to stakeholders as the combined entity moves forward under the name of BRR Guardian Limited.
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