Balochistan Glass Limited Announces Temporary Closure of Share Transfer Books for Offer Eligibility Assessment

Karachi, Balochistan Glass Limited has officially declared that its share transfer books will be temporarily closed from September 17, 2023, to September 23, 2023, inclusive. This book closure is conducted in accordance with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Take Over) Regulations 2017.

The primary purpose of this closure is to facilitate the assessment of eligibility for individuals who are interested in receiving Offer Letters in connection with the public announcement of an offer. AKD Securities Limited, acting as the "Manager to Offer" on behalf of Tariq Glass Limited, announced the offer to purchase ordinary shares of Balochistan Glass Limited on August 12, 2023.

The temporary closure of share transfer books during this period will enable the company and its stakeholders to determine which individuals qualify to receive the Offer Letters as part of the acquisition process.

Balochistan Glass Limited's commitment to transparency and regulatory compliance is exemplified by this book closure, which aligns with industry standards and ensures fairness in the evaluation of eligibility for the offer. As the share transfer books close temporarily, shareholders and interested parties will await further developments related to the acquisition and the eligibility criteria for receiving the Offer Letters.