Engro Polymer & Chemicals Limited Reports Material Share Acquisition

Karachi, Engro Polymer & Chemicals Limited has disclosed that Mr. Nadeem Nisar, a substantial shareholder, has acquired 400,000 voting shares of the company at a price of Rs.43.69 per share, according to information available from the Pakistan Stock Exchange (PSX). This transaction increases Mr. Nisar’s total shareholding in Engro Polymer & Chemicals Limited to 91,181,821 shares, which now represents 10.03% of the total issued voting shares. Prior to this acquisition, Mr. Nisar’s shareholding was 90,781,821 shares.

The acquisition was conducted on May 24, 2024, and is pursuant to Section 110 of the Securities Act, 2015. The notification further clarifies that Mr. Nisar does not hold any representation on the board of directors of Engro Polymer & Chemicals Limited, and no persons are acting in concert with him regarding this acquisition.