AkzoNobel to Restructure and Split ICI Pakistan

• AkzoNobel to seek agreement to split ICI Pakistan into two listed entities: AkzoNobel Pakistan Limited (comprising the Paints business) and ICI Pakistan Limited (comprising all other businesses of ICI Pakistan)
• Under the proposal, both companies will, following the split, be listed on the Karachi, Lahore and Islamabad Stock Exchanges
• AkzoNobel would retain a 75.8 percent shareholding in AkzoNobel Pakistan Limited and would seek appropriate buyers for its shareholding in ICI Pakistan
• The company confirms its commitment to Pakistan and sees a strong future in paints

United Distributors Pakistan Limited intends to acquires shares in Unique Investments (Private) Limited

United Distributors Pakistan Limited intends to acquire 8,366,306 ordinary shares of PKR 10/- each in Unique Investment (Private) Limited in exchange for 1,388,368 ordinary shares of Searle Pakistan Limited at six month average market rate of PKR 60.26.