PSX Greenlights Pak Suzuki’s Voluntary Delisting

The Pakistan Stock Exchange (PSX) has granted approval for the voluntary delisting of Pak Suzuki Motor Company Limited.

According to a notification, the PSX announced its decision to remove the Company from the Exchange effective from Friday, April 26, 2024, exercising its authority as outlined in PSX Regulation No. 5.14 and Section 19(5) of the Securities Act 2015.

Read more: April 2024 Price Update For Suzuki GD110s

Additionally, shareholders interested in participating in the share buy-back program initiated by the Sponsors are directed to contact Arif Habib Limited, the Company’s Purchase Agent.

Furthermore, it was noted that the Purchase Agent and the Company’s Sponsors have already provided an undertaking to purchase the outstanding shares held by minority shareholders at a rate of Rs. 609 per share, with this offer being valid until April 22, 2025.

Pak Suzuki initially submitted its formal request for delisting from the Pakistan Stock Exchange in December 2023.