Material Information of K-Electric Limited

Material Information

Karachi, K-Electric Limited informed Pakistan Stock Exchange that the Public Announcement of Intention on April 02, 2021 to acquire 18,335,542,678 ordinary shares of the Company constituting 66.40% of total issued and paid up capital of the Company.

K-Electric Limited was incorporated as a limited liability company on September 13, 1913. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers.

The total number of shares of the Company is 27,615,194,245,000. The Earnings per shares are (0.11) in 2020 which was 0.63 in 2019. The Profit after Taxation is (2,959,211,000) in 2020 which was 17,273,617,000 in 2019.