Rawalpindi: Lahore High Court, Rawalpindi Bench ne 4 December 2024 ko Civil Original No. 04 of 2024 mein apna faisla sunate hue Fauji Fertilizer Bin Qasim Limited (FFBL) aur Fauji Fertilizer Company Limited (FFCL) ke merger ki Scheme of Arrangement, jo 26 September 2024 ko propose ki gayi thi, approve kar di hai.
Is Scheme ke mutabiq, FFBL aur FFCL ka merger amalgamation ke zariye kiya jayega. Merger ke hawale se tamam ancillary matters bhi court ne sanction kar diye hain.
Shareholders ke Liye Allotment Details
Scheme ke mutabiq, FFCL FFBL ke shareholders (jo FFCL ke alawa ke shareholders hain) ko total 150,870,449 ordinary shares allot karega aur ye shares fully paid up honge. Allotment swap ratio ke tehat hogi, jo ke 1 FFCL share ke badle 4.29 FFBL shares (PKR 10/- face value ke) honge.
Record Date Ka Faisla
Record date, jo FFBL shareholders ki identities aur entitlements determine karne ke liye zaroori hai, FFBL ke directors baad mein decide karenge. Is ke baad FFCL ko details faraham ki jayengi, Scheme ki provisions ke mutabiq.
Company ne shareholders ko yaqeen dilaya hai ke tamam ahem developments ke baare mein unhein timely inform kiya jayega. Ye merger na sirf corporate history ka ek ahem chapter hai, balke fertilizer industry ke liye bhi ek nayi misaal banega.
