Significant Share Acquisitions in Dandot Cement Company Limited

Lahore, Directors and substantial shareholders have recently executed significant transactions in shares of Dandot Cement Company Limited, engaging in purchases totaling tens of millions of shares.

Calicom Industries (Pvt.) Limited acquired 22,727,273 shares, while Zahid Rafiq and Jahanzaib Zahid purchased 38,636,363 and 6,818,182 shares, respectively, all on May 23, 2024. Each transaction involved shares acquired at a rate of Rs. 22 per share. According to information available from the Pakistan Stock Exchange (PSX), these shares were traded in the form of Central Depository Company (CDC) shares.

Further disclosures under Section 110 of the Securities Act, 2015, and Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares & Takeovers) Regulation, 2017, reveal that Zahid Rafiq and Jahanzaib Zahid have also informed their substantial acquisition of 45,454,545 voting shares of Dandot Cement Company Limited. This acquisition has significantly increased their stake in the company, now holding a collective 14.37% of the total issued voting shares.

This transaction positions Zahid Rafiq and Jahanzaib Zahid as key stakeholders in Dandot Cement Company Limited, with their collective shareholding previously reported as nil. The address registered for both acquirers is House No. 107-C-II, Gulberg-III, in the district of Lahore.