Unilever opts to delist its shares – Alfalah Securities Limited

Karachi, November 29, 2012 (PPI-OT): The management of Unilever Pakistan Ltd. (ULEVER) is getting its shares delisted from Karachi, Lahore, and Islamabad stock exchanges through buyback of shares.

According to Alfalah Securities Limited, the main shareholder – Unilever Overseas Holdings Limited, United Kingdom of ULEVER having 75.05% shareholding in the company, has conveyed its intention to acquire all of the issued ordinary shares held by the other shareholders of the company at a proposed purchase price of PKR 9,700 per share. The decision has been taken to maximize the sponsor’s shareholding and to de-list the stock.