Agritech Limited’s public offer for ordinary shares, managed by Integrated Equities Limited on behalf of Fauji Fertilizer Company Limited (FFC), has concluded successfully. The Acceptance Period, which began on December 12, 2024, and ended on January 4, 2025, saw an overwhelming response from the public.
During this period, a total of 7.847 million ordinary shares of Agritech Limited (AGL) were received from the general public, out of the 151.05 million ordinary shares initially offered. The offer, part of a strategic initiative by FFC, has generated significant interest among investors and market participants.
Following the verification of the completeness of documents, all the shares tendered by the public were accepted. The concerned shareholders received their payments on January 6, 2025, marking the successful completion of the public offering process.
In line with the regulations set out by the Listed Companies (Substantial Acquisition of Voting Shares & Takeovers) Regulations 2017, the Manager to the Public Offer is now set to release the security provided by the Acquirer. This marks a key milestone for both Agritech Limited and Fauji Fertilizer Company in their ongoing efforts to expand their presence and engage with the financial markets.
This successful public offer underscores the continued investor confidence in Agritech Limited and the broader agribusiness sector in Pakistan, marking a significant step forward in the corporate landscape.
