This is to inform you that pursuant to the Public Announcement appeared in the Press on August 16, 2012 under the Listed Companies (Substantial Acquisition of Shares and Take-over) Ordinance 2002, the intended Buyer has completed due diligence process to evaluate and assess the viability of potential acquisition of 15,671,268 shares representing approximately 69.22% of the issued an paid up shares capital of Burshane LPG (Pakistan) Limited owned by OPI Gas (Pvt) Limited.
OPI Gas (Pvt) Limited has executed Shares purchase Agreement to sale 15,671,268 ordinary shares of Burshane LPG (Pakistan) Limited being 69.22% shareholding at Rs. 41.477 per share, with the intended buyer M/s H.A.K.S. Trading (Pvt) Limited, situated at 6 Old Rally Building, Talpur Road, Off: I.I. Chundrigar Road, September 03, 2012 subject to obtaining of regulatory approvals.
You are requested to kindly intimate to your Board of Directors, SECP, Stock Exchanges and Oil and Gas Regulatory Authority to comply with all legal requirements.
For more Information, contact:
Mr. Mansoor Khan
Company Secretary
Burshane LPG (Pakistan) Limited
Suite 101, 1st Floor, Horizon Vista,
Plot No. Commercial -10, Block -4,
Scheme No. 5, Clifton, Karachi – 75600
Tel: 092 (21) 3587 8356, 3530 9870 and 73
Fax: 092 (21) 3587 8353
Source: Business Insider
