Series Acquisition B.V. (SABV), the majority shareholder of Gillette Pakistan Limited (PSX: GLPL), has announced a share buyout offer at Rs700 per share for all shares held by other shareholders, paving the way for the company’s planned delisting from the Pakistan Stock Exchange. The move follows a special resolution passed by shareholders during an Extraordinary General Meeting held on March 4, 2026.
The buyout price of Rs700 per share has been approved by the Pakistan Stock Exchange Limited in accordance with its regulations, providing a transparent and regulated exit opportunity for minority shareholders. The offer represents a premium that allows existing shareholders to realize value from their investment ahead of the company’s departure from the public market.
Offer Timeline and Mechanics
The share purchase offer will remain open from March 12, 2026, to May 10, 2026, both days inclusive, providing a nearly two-month window for shareholders to participate. Following the closure of this period, the company is expected to be formally delisted from the Pakistan Stock Exchange Limited, completing its transition to private ownership.
The offer applies to all shareholders of Gillette Pakistan Limited, including those holding physical share certificates and shareholders whose shares are held as book-entry securities in the Central Depository Company of Pakistan Limited (CDC). This inclusive approach ensures that all minority shareholders, regardless of how they hold their shares, can participate in the buyout.
Submission and Payment Process
Shareholders wishing to accept the offer need to submit required documents to the authorized Purchase Agent, Arif Habib Limited. Submissions can be made via registered mail, courier, or in person at the Arif Habib Limited Centre in Karachi, providing flexibility for shareholders located across the country.
For shareholders holding physical share certificates, payments will be made within three weeks of the issuance of receipts acknowledging submission of their shares. This timeline provides certainty regarding when sellers can expect to receive funds.
For shares held through the Central Depository Company, the Purchase Agent will acquire shares through the Pakistan Stock Exchange trading system. Payments for these transactions will be processed according to the Clearing Schedule notified by the Pakistan Stock Exchange, ensuring alignment with standard market settlement procedures.
Opportunity for Minority Shareholders
This development provides an opportunity for minority shareholders of Gillette Pakistan Limited to exit their investment at a premium price ahead of the company’s planned delisting. Once delisted, shares would no longer be publicly tradable, making this buyout offer the primary liquidity event for existing shareholders.
Shareholders are encouraged to carefully review the offer documents and consider the terms before making a decision. The involvement of Arif Habib Limited as Purchase Agent adds professional credibility to the process and ensures compliance with regulatory requirements.
About Gillette Pakistan Limited
Gillette Pakistan Limited (PSX: GLPL) is a subsidiary of the global Procter & Gamble group, manufacturing and marketing personal care products including shaving systems, blades, and razors under the Gillette brand. The company has been listed on the Pakistan Stock Exchange and serves consumers across Pakistan.
