Minority shareholders can sell shares to sponsors at Rs750 each until July 16, 2027, through appointed purchase agent

KARACHI: The Pakistan Stock Exchange (PSX) has approved the voluntary delisting of Shield Corporation Limited, with the company’s shares set to be removed from the Exchange effective Monday, July 27, 2026, following the successful completion of regulatory requirements.

According to a notification issued by the PSX, the Exchange accepted the company’s request for voluntary delisting under PSX Regulation 5.14 and Section 19(5) of the Securities Act, 2015.

The PSX advised minority shareholders wishing to dispose of their holdings to approach Arif Habib Limited, which has been appointed as the purchase agent to facilitate the buyback process.

Sponsors to acquire remaining shares

Under the approved delisting arrangement, the sponsors of Shield Corporation have undertaken to purchase all remaining shares held by minority shareholders at a buyback price of Rs750 per share.

The undertaking provided by the sponsors and the purchase agent will remain valid until July 16, 2027, giving shareholders nearly one year after the company’s delisting to tender their shares.

Delisting process completed

The Exchange said the company had successfully fulfilled all requirements for voluntary delisting under the PSX Regulations before receiving final approval.

The timeline for the delisting process is as follows:

• Initial buyback period: May 18, 2026 – July 16, 2026

• Completion of voluntary delisting requirements: July 18, 2026

• Effective date of delisting: July 27, 2026

• Buyback offer valid until: July 16, 2027

Following its delisting, Shield Corporation Limited will cease to be traded on the Pakistan Stock Exchange. However, minority shareholders who continue to hold the company’s shares will retain the right to sell them to the sponsors at the agreed price of Rs750 per share until July 16, 2027, in accordance with the terms of the voluntary buyback arrangement.