Acquisition | FAUJI FERTILIZER BIN QASIM | 23rd December 2024
On July 19 2024, FAUJI FERTILIZER BIN QASIM announced the potential amalgamation of the company with and into FAUJI FERTILIZER COMPANY LTD. On September 20 2024, FAUJI FERTILIZER BIN QASIM shareholders approved the merger at the shareholder meeting. Each FAUJI FERTILIZER BIN QASIM shareholder can receive 1 FAUJI FERTILIZER COMPANY LTD common share of FAUJI FERTILIZER COMPANY LTD for every 4.29 shares held. On December 9, 2024, FAUJI FERTILIZER BIN QASIM announced its shares would be suspended since December 23, 2024 and the amalgamation with and into FAUJI FERTILIZER COMPANY LTD is expected to be effective on December 23, 2024.
The treatment below will be applied to the following indices:
- FAUJI FERTILIZER BIN QASIM will be removed from the Index.
- The weight of FAUJI FERTILIZER BIN QASIM (JORD.PSX) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 23/12/2024
Solactive GBS Pakistan Small Cap USD Index NTR
Solactive GBS Pakistan Small Cap USD Index PR
Solactive GBS Pakistan Small Cap USD Index TR
- FAUJI FERTILIZER BIN QASIM will be removed from the Index.
- The shares of FAUJI FERTILIZER COMPANY LTD (FAUF.PSX) will be increased according to the stock terms of the transaction.
- Effective Date (open): 23/12/2024
Solactive GBS Pakistan All Cap USD Index NTR
Solactive GBS Pakistan All Cap USD Index PR
Solactive GBS Pakistan All Cap USD Index TR