ADVICE FOR INVESTORS
INVESTMENT IN EQUITY SECURITIES AND EQUITY RELATED SECURITIES INVOLVES A CERTAIN DEGREE OF RISKS. THE
INVESTORS ARE REQUIRED TO READ THE RIGHTS SHARE OFFER DOCUMENT (HEREIN REFERRED TO AS 'OFFER DOCUMENT') AND RISK FACTORS CAREFULLY, ASSESS THEIR OWN FINANCIAL CONDITIONS AND RISK-TAKING ABILITY BEFORE MAKING THEIR INVESTMENT DECISIONS IN THIS OFFERING.
RIGHT ENTITLEMENT LETTER IS TRADABLE ON PSX, RISKS AND REWARDS ARISING OUT OF IT SHALL BE SOLE LIABILITY OF
THE INVESTORS.
THIS DOCUMENT IS ISSUED FOR THE PURPOSE OF PROVIDING INFORMATION TO SHAREHOLDERS OF THE COMPANY AND TO THE PUBLIC IN GENERAL IN RELATION TO THE RIGHTS ISSUE OF PKR 4,249,999,985/-, CONSISTING OF 121,428,571 NEW ORDINARY SHARES BY THE SEARLE COMPANY LIMITED. A COPY OF THIS DOCUMENT HAS BEEN REGISTERED WITH THE SECURITIES EXCHANGE.
THIS OFFER DOCUMENT IS VALID TILL NOVEMBER 28, 2023.
The Searle Company Limited
Right Share - Offer Document
Date and place of incorporation: October, 1965, Pakistan, Incorporation number: 0002161, Registered/Corporate
Office: One IBL Centre, 2nd Floor, Plot # 1, Block 7 & 8, D.M.C.H.S, Tipu Sultan Road, Off Shahra-e-Faisal, Karachi,
Contact No: : +92 21 37170200-201,Website:www.searlecompany.com| Contact Person: Mr. Zubair Razzak
Palwala, Phone: +92 21 37170200, Email: zubair.palwala@searlecompany.com
Issue Size: The Issue consists of 121,428,571 Right Shares (i.e. 31.13% of the existing paid-up capital of The Searle Company Limited) of face value of PKR 10/- each, at an offer price of PKR 35/- each (i.e. including a premium of PKR 25/- per share). The total amount to be raised through the right issue is PKR 4,249,999,985/-
Date of Placing Offer Document on PSX for Public Comments: N/A (Public comments were not sought)
Date of Final Offer Letter: August 09, 2023
Date of Book Closure: From August 21, 2023 to August 25, 2023
Subscription Amount Payment Dates: From August 31, 2023 to September 29, 2023
Trading Dates for Letter of Rights: From August 31, 2023 to September 21, 2023
Details of the relevant contact persons:
Name of the | Designation | Contact | Office Address | Email ID | |
Person | Number | ||||
One IBL Centre, | |||||
Group Director | 2nd Floor, Plot # | ||||
Authorized | Mr. Zubair | Banking | +92 21 | 1, Block 7 & 8, | zubair.palwala |
Officer of the | Relations & | D.M.C.H.S, Tipu | @searlecompa | ||
Razzak Palwala | 37170200 | ||||
Issuer | Corporate | Sultan Road, Off | ny.com | ||
Affairs | Shahra-e-Faisal, | ||||
Karachi | |||||
Underwriters | |||||
Arif Habib | |||||
Arif Habib | Mr. Taha | Chief Financial | +92 21 | Limited | 2/F, Arif | taha.siddiqui@ |
Habib Centre | | arifhabibltd.co | ||||
Limited | Siddiqui | Officer | 111245111 | ||
23, M.T. Khan | m | ||||
Road, Karachi | |||||
Pak China | 13th Floor, Saudi | ||||
Officer - | Pak Tower, 61-A, | shahroz.raza@ | |||
Investment | Mr. Shahroz | +92 51 | |||
Investment | Jinnah Avenue, | pakchinainvest. | |||
Company | Raza | 2099643 | |||
Banking Group | Blue Area, | com | |||
Limited | |||||
Islamabad | |||||
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Offer Document |The Searle Company Limited
Name of the | Designation | Contact | Office Address | Email ID | |
Person | Number | ||||
Mr. | Room # 738-741, | ||||
+92 21 | 7th Floor, Stock | Farhan.mra@g | |||
MRA Securities | Muhammad | Director | |||
32410136 | Exchange | mail.com | |||
Farhan | |||||
Building, Karachi | |||||
Mohammad | |||||
Munir | Room No 601- | ||||
Mohammad | abdulrazzak@ | ||||
Mr. Abdul | Chief Financial | +92 21 | 603, 6th floor، | ||
Ahmed | munirkhanani.c | ||||
Razzak | Officer | 36490034 | Stock Exchange | ||
Khanani | om | ||||
Building, Karachi | |||||
Securities | |||||
Limited | |||||
Saima Trade | |||||
Dawood | Mr. Salman | Chief Financial | +92 21 | Tower, 17th floor | Salman@dawo |
Equities | Yaqoob | Officer | 32418873 | A, I.I Chundrigar | odequities.com |
Road, Karachi, | |||||
Room # 82 83, | |||||
Growth | Compliance | +92 21 | Second Floor, | growthsecuritie | |
Mr. Kamran | Pakistan Stock | s102@gmail.co | |||
Securities | Officer | 32463001 | |||
Exchange | m | ||||
Building, Karachi | |||||
Room 806- | |||||
Adam | Mr. Noman | +92 21 | 813,8th Floor | noman@adams | |
Securities | Director | Main Stock | ecurities.com.p | ||
Abdul Majeed | 3246248 | ||||
Limited | Exchange | k | |||
Building, Karachi | |||||
Banker to the Issue | |||||
Al Baraka Bank | Head of | 162, Bangalore | |||
Mr. Aamir | +92 334 | Town, Main | Aamir.zaidi@al | ||
(Pakistan) | Investment | ||||
Zaidi | 3309862 | Shahrah-e-Faisal, | baraka.com.pk | ||
Limited | Banking | ||||
Karachi | |||||
Website: The offer letter can be downloaded from https://www.searlecompany.com/ and https://www.psx.com.pk/
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Offer Document |The Searle Company Limited
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Offer Document |The Searle Company Limited
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Offer Document |The Searle Company Limited
DISCLAIMER:
- In line with Companies Act, 2017 and Companies (Further Issue of Shares) Regulations, 2020, this document does not require approval of the Securities Exchange and the Securities Exchange Commission of Pakistan (SECP).
- The Securities Exchange and the SECP disclaims:
- Any liability whatsoever for any loss however arising from or in reliance upon this document to anyone, arising from any reason, including, but not limited to, inaccuracies, incompleteness and/or mistakes, for decisions and/or actions taken, based on this document.
- Any responsibility for the financial soundness of the Company and any of its schemes/projects stated herein or for the correctness of any of the statements made or opinions expressed with regards to them by the Company in this Offer document.
- Any responsibility w.r.t quality of the issue.
- It is clarified that information in this Offer document should not be construed as advice on any particular matter by the SECP and the Securities Exchange and must not be treated as a substitute for specific advice.
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Searle Company Ltd. published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 09:33:08 UTC.