The public offering of ordinary shares of Agritech Limited (AGL), managed by Integrated Equities Limited on behalf of Fauji Fertilizer Company Limited (FFC), has been successfully completed.
“We would like to inform you that the acceptance period began on Thursday, December 12, 2024, and ended on Saturday, January 4, 2025,” the FFC said in a stock filing on Monday. During this period, 7.847 million AGL common shares were received from the public, out of 151.05 million shares on offer.
“After verifying the completeness of the documents, all tender shares were accepted, and the acquirer made payments to the relevant shareholders on 06 January 2025. Therefore, in accordance with Regulation 16(1)(a) of Listed Companies (Substantial Takeover) of the Voting Shares Regulations and Operations Acquisition) for 2017, the public offering manager will release the security provided by the acquirer.