Karachi, October 12, 2012 (PPI-OT): Pursuant to our earlier notice of material information dated 30th July 2012 regarding signing of a Share Purchase Agreement by Lucky Cement Limited (LUCK) in consortium with other group entitles of Yunus Brothers Group with ICI Omicron B.V. a wholly owned subsidiary of Akzo Nobel N. V. Netherlands for the acquisition of a 75.81% shareholding of ICI Pakistan Limited, this is to inform that adjustments to the initial bid value have now been determined and agreed between the Seller and the Purchasers as per the terms of the Shares Purchase Agreement and the adjusted final purchase consideration is PKR 13,053,115,014/- (Rupees thirteen Billion Fifty Three Million One Hundred and Fifteen Thousand and Fourteen Only) which will translate into PKR 186.42 per share of ICI Pakistan Limited.
For more information, contact:
Muhammad Abid Ganatra
Company Secretary
Lucky Cement Limited
6-A, Mohammad Ali Housing,
A, Aziz Hashim Tabba Street, Karachi – 75350,
UAN: 111-786-555
T: (92-21) 34537390, 34530175, 34522554
F: 34534302
E: info@luky.cement.com
URL: www.lucky.cement.com