Material Information of ICI Pakistan Limited

Karachi, ICI Pakistan Limited informed Pakistan Stock Exchange that the Company has successfully completed the acquisition of 55,013 ordinary shares (equivalent to 11% shareholding) of NutriCo Pakistan Private Limited. Following the acquisition, the total shareholding of the Company in NutriCo Pakistan Private Limited stands at 51% making NutriCo Pakistan Private Limited a subsidiary of the Company.

ICI Pakistan Limited is incorporated in Pakistan. The Company is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes; marketing of seeds, toll manufactured and imported pharmaceuticals and animal health products; and merchanting of general chemicals.

Its Life Sciences Business has three business segments: Pharmaceuticals, Animal Health, Chemicals and Agri-sciences. The Company also acts as an indenting agent and toll manufacturer.

The total numbers of shares of the Company are 92,359,050. The Earnings per shares of the Company is 32.80 in 2020 which was 24.96 in 2019. Their Profit after Taxation is 3,029,003,000 in 2020 which was 2,304,912,000 in 2019.