UNITY FOODS LIMITED commences acceptance period for public offer

Karachi, Unity Foods Limited has initiated the acceptance period for a public offer as detailed in announcements made in April 2024. The acceptance period, set against the backdrop of the upcoming Eid al-Adha holidays, will run from June 14 to June 24, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the offer has been made by Wilmar Pakistan Holdings Pte. Ltd., Unity Wilmar AGRO (PRIVATE) LIMITED, Mr. Muhammad Farrukh, and Ms. Fehmida Amin, aiming to acquire up to 277,070,908 shares, representing 23.20% of the company. The offer price per share is set at PKR 27.34. Shareholders, excluding the acquirers, have been sent offer letters along with instructions and Letters of Acceptance.