Day: September 14, 2021

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Blackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services

NEW YORK and CHICAGO, Sept. 14, 2021 (GLOBE NEWSWIRE) — Sphera today announced that private equity funds managed by Blackstone (NYSE: BX, “Blackstone”) have completed their previously announced acquisition of Sphera, a leading provider of environmental, social and governance (ESG) software, data and consulting services, from Genstar Capital. The transaction, which values the company at $1.4 billion, continues Blackstone’s thematic investment focus on the ESG sector and provides Sphera with capital to help accelerate its growth and product offerings.

Spanning over 80 countries with more than 3,000 customers, Sphera combines its software as a service solution with consulting services, underpinned by proprietary data, to support businesses globally to manage and mitigate ESG risk. This support is delivered through its three product lines: Environment, Health, Safety & Sustainability (EHS&S); Operational Risk Management; and Product Stewardship.

As part of Sphera’s strategic growth efforts, the company is also announcing the appointment of Kimberly Kolb as chief human resources officer (CHRO). As CHRO, Kolb will be responsible for developing and supporting Sphera’s global workforce as the organization continues to grow its footprint worldwide. She brings over 30 years of human resources, consulting and marketing experience from technology, professional service and financial services firms to the position, and held senior leadership roles at Whittman-Hart, CME Group and XR Trading.

Paul Marushka, CEO and president at Sphera, said, “As we enter this new stage, we are excited to be able to partner with Blackstone. Our achievements to date are a result of the dedication, hard work and effort of the team at Sphera. I am proud to collaborate with such a dedicated team as we take Sphera, with Blackstone’s investment and support, to the next level. This partnership with and capital injection by Blackstone will facilitate the next evolution of innovation, cementing our position as leaders and allowing us to push ahead with our vision for ESG software integration with extensive data and world-class consultancy services.”

Eli Nagler, a senior managing director at Blackstone, said: “We are excited to partner with Paul Marushka and his team to build on Sphera’s strong momentum as a trusted leader in the ESG solutions space. We look forward to supporting the company in the next phase of its growth journey as they continue to expand their product offerings and innovate to best serve their global customer base.”

Note to editors

About Sphera
Sphera creates a safer, more sustainable and productive world. We are a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services with a focus on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship. Learn more about Sphera at www.sphera.com. Follow Sphera on LinkedIn.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact:

Sphera Solutions, Sphera@AspectusGroup.com

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Unusual Movement in Price or Volume of Frontier Ceramics Limited

Karachi, Frontier Ceramics Limited informed Pakistan Stock Exchange that the Company might have led to decrease in price of shares of the Company nor has any unusual movement in volume of the traded shares in the recent past three month has been observed.

Frontier Ceramics Limited was incorporated in July 1982 as a Public Limited Company. The Company is engaged in the manufacturing of tiles with brand name “FORTE”. The Principle activities of the company are manufacturing of ceramic tiles, sanitary wares and related ceramic products.

The shares of the Company are 37,873,821. The Earnings per shares of the Company is 1.16 in 2020 which was (2.34) in 2019. Their profit after Taxation is 43,852,000 in 2020 which was (88,474,000) in 2019.

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Unusual Movement in Price or Volume of Matco Foods Limited

Karachi, Matco Foods Limited informed Pakistan Stock Exchange that the price or volume of the Company’s shares have experienced substantial increase during the last three months and also requested the Company to clarify.

Matco Foods Limited was incorporated as a private limited company. The principal activity of the Company is to carry out the business of processing, export of rice, rice glucose, rice protein and trade of biscuits, pink salt, bran oil, masala and kheer.

The total numbers of shares are 122,400,698. The Earnings per share is 1.24 in 2020 which was 3.38 in 2019. The Profit after taxation of the Company is 151,928,000 in 2020 which was 413,836,000 in 2019.

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Financial results of D. G. Khan Cement Company Limited for Year ended June 30, 2021

Karachi, D. G. Khan Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 14, 2021.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 4,093,183 and Rs. 3,721,273 with earnings per share 8.96 and 8.49 basic and diluted respectively.

Further, 10% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 21, 2021 to October 28, 2021 (both days inclusive).

D.G. Khan Cement Company Limited (DGKCC) was established under the management control of State Cement Corporation of Pakistan Limited (SCCP) in 1978 as private limited company. DGKCC started its commercial production in April 1986 with 2000 tons per day (TPD) clinker based on dry process technology.

Nishat acquired DGKCC in 1992 under the privatization initiative of the government. After privatization the company was listed on Stock Exchanges in September 1992.

The Company is principally engaged in the manufacturing and sale of Cement. The Company is member of All Pakistan Cement Manufactureres Association (APCMA) and Lahore Chamber of Commerce and Industry (LCCI).

The symbol “DGKC” is being used by the stock exchanges for the shares of D.G. Khan Cement Company Limited.

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Transaction of 57,539,261 shares of Jahangir Siddiqui and Company Limited

Karachi, Jahangir Siddiqui and Company limited informed Pakistan Stock Exchange about transaction of shares of the company. 57,039,261 shares @ Rs. 9.010 per share were sold in the market on September 10, 2021 and 500,000 shares @ Rs. 9.000 per share were sold in the market on September 10, 2021 through CDC.

Jahangir Siddiqui & Co. Limited is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies. The Company was incorporated in Pakistan on May 04, 1991 as a public unquoted company.

The total numbers of shares are 915,942,388. The Earnings per share is 1.32 in 2020 which was 0.39 in 2019. The Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.

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Board Meeting of Pakistan Refinery Limited

Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that the Board of Directors Meeting held on September 11, 2021, no material decision was taken by the Board.

Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum products the domestic market and Pakistan defense forces. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated in Karachi.

The refinery is operating at two locations. Main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari. The design capacity of the refinery is 2.1 million tons per annum. The company is a hydro skimming refinery designed to process various imported and local crude oil to meet the strategic and domestic fuel requirements of the country. The refinery has a capacity of processing 47,000 barrels per day of crude oil into a variety of distilled petroleum products such as furnace oil, high speed diesel, kerosene oil, jet fuel and motor gasoline etc.

The symbol “PRL” is being used by the stock exchanges for the shares of Pakistan Refinery Limited.

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Approval of Extension in Time for Annual General Meeting of Silk Bank Limited

Karachi, Silk Bank Limited informed Pakistan Stock Exchange that the Securities and Exchange Commission of Pakistan received on September 13, 2021, has approve extension in time for holding Annual General Meeting for the year ended December 31, 2021, on or before December 31, 2021.

Silk Bank Limited was incorporated in Pakistan on April 04, 1994 as a Public Limited Company. The Bank commenced commercial operations on May 07, 1995. The bank is engaged in banking services.

The Bank is listed on Pakistan Stock Exchange along with the total numbers of shares which are 9,081,861,237. The Earnings per shares of the Company was (0.44) in 2019 which was 0.15 in 2018. Their Profit after Tax was (3,953,003,000) in 2019 which 1,329,933,000 in 2018.

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Financial results of Nazir Cotton Mills Limited for Quarter ended March 31, 2021

Karachi, Nazir Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 28, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2021 which portrayed a loss of Rs. 5,451,653 with loss per share 0.24 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 01, 2021 to September 01, 2021 (both days inclusive).

Nazir Cotton Mills Limited is the yarn manufacturing company of Pakistan. Its in-house, world-class quality control lab has helped achieve the 5% world yarn standard for quality based on international USTER standards. It is listed on Pakistan Stock Exchange.

The symbol “NAZC” is being used by the stock exchanges for the Nazir Cotton Mills Limited.

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Unusual Movement in Price or Volume of Allawasaya Textile and Finishing Mills Limited

Karachi, Allawasaya Textile and Finishing Mills Limited informed Pakistan Stock Exchange that the Company might have led to increase in price of shares of the Company nor has any unusual movement in volume of any shares at PSX is beyond their control.

Allawasaya Textile and Finishing Mills Limited was incorporated in Pakistan on December 03, 1958 as a private limited company. It was converted into a public limited company in 1965. It is principally engaged in the manufacturing and sale of yarn.

Initially the Company started business with the processing of Cloth i.e., bleaching, dyeing, mercerizing, printing and finishing in 1958. Moving on and started its first spinning project in 1964 with a capacity of 12,400 Spindles. It produced high quality cotton carded and combed yarn. Presently it is working with full capacity of 38,232 spindles.

The total number of shares of the Company are quoted on Pakistan Stock Exchange as 800,000. The Earning per share is 18.53 in 2020 which was (19.90) in 2019. The Profit after tax is 14,826,000 in 2020 which was (15,920,000) in 2019.

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Unusual Movement in Price or Volume of Nazir Cotton Mills Limited

Karachi, Nazir Cotton Mills Limited informed Pakistan Stock Exchange that the Company is unable to understand the reason of this substantial increase in the Price of the Shares of the Company. Because, at present there is no planning under going about any major investment in the operations of the Company in near Future.

Nazir Cotton Mills Limited is the yarn manufacturing company of Pakistan. Its in-house, world-class quality control lab has helped achieve the 5% world yarn standard for quality based on international USTER standards. It is listed on Pakistan Stock Exchange.

The symbol “NAZC” is being used by the stock exchanges for the Nazir Cotton Mills Limited.

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Material Information of Bank AL-Habib Limited

Karachi, Bank AL-Habib Limited informed Pakistan Stock Exchange that subsequent of State Bank of Pakistan In Principle approval for closure of the Bank Seychelles Branch Operations.

Bank Al-Habib Limited was incorporated in Pakistan on October 15, 1991 as a Public Limited Company where they started banking operations in 1992. Bank Al-Habib is sponsored by Dawood Habib Group. The Bank is scheduled and principally engaged in the business of commercial banking.

The Bank is listed on Pakistan Stock Exchange, and the shares are also quoted in it. The symbol “BAHL” is used for the shares of the Bank.

The number of shares the company has introduced are 1,111,425,419. The Earnings per shares has increased in 2020 and is 16.03 which was 10.05 in 2019. The profit after taxation in 2020 is 17,811,536,000 which was 11,168,736,000 in 2019.