Karachi: JS Global Capital Limited has confirmed that the acquisition of 861,970 ordinary shares of Calcorp Limited by Mr. Asif Ali Shaikh, Mr. Muhammad Hanif Shaikh, and Mr. Kashif Mumtaz has been successfully completed. This acquisition represents 8.02% of the issued and paid-up capital of Calcorp Limited, a significant transaction in the market.

According to the announcement made by JS Global Capital Limited, the Manager to the Offer, the process began with the publication of a Public Announcement of Intention (PAI) on December 5, 2024, in newspapers "The News" and "Daily Jang." This was followed by a Public Announcement of Offer (PAO) on March 5, 2025, detailing the intention to acquire the shares of Calcorp Limited.

The acceptance period for shareholders to tender their shares concluded on April 28, 2025. According to the Securities Act 2015 And Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017, the Acquirers were required to complete all formalities, including dispatching payments to shareholders, within ten days following the conclusion of this period.

JS Global Capital Limited has confirmed that all obligations under the Takeover Regulations have been met. Payments have been dispatched to shareholders who tendered their shares during the Public Offer. According to information available from the Pakistan Stock Exchange (PSX), this acquisition has been closely monitored by stakeholders in the designated market category. The fulfillment of these obligations marks the successful completion of this acquisition process.