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PICIC Insurance Limited’s public Announcement of withdrawal of intention to acquire 40% equity stake of PICIC Insurance Limited by Excel Insurance Company Limited as required under ‘listed companies (substantial acquisition of voting shares and takeovers’) regulations, 2008

Karachi: On behalf of our client, Excel Insurance Company Limited, we Next Capital Limited, as ‘Managers to the Offer’, would like to inform you that our client has decided to withdraw its intention to acquire 40% equity stake in PICIC due to lapse of time to make the ‘Public Offer …

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PICIC Insurance Limited’s clarification on the ‘public announcement of offer’ to be made in regards to the ‘public announcement of intention to acquire 40% equity stake in PICIC Insurance Company Limited by Excel Insurance Company Limited

Karachi: In reference to the letter received from the Karachi Stock Exchange bearing reference No. KSE/C-A-5778 dated September 26, 2011. we, Next Capital Limited, as `Manager to the Offer’ to our client Excel Insurance Company Limited (herein referred to as “Excel Insurance” or the “Client’), would like to provide clarification …

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