Karachi: Engro Powergen Qadirpur Limited (EPQL) has received a firm intention from Arif Habib Limited to acquire 223,050,000 voting shares, representing 68.89% of the company's paid-up capital. The acquisition is spearheaded by Liberty Power Holding (Private) Limited, Soorty Enterprises (Private) Limited, and Procon Engineering (Private) Limited. This move requires regulatory and other approvals as it surpasses the thresholds outlined in Section 111 of the Act.

The intention was communicated to EPQL's board of directors on December 3, 2024, as disclosed under Regulation 5 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The Pakistan Stock Exchange has been requested to disseminate this information to EPQL shareholders through its notice board, automated information system, and announcements.

According to information available from the Pakistan Stock Exchange (PSX), a previous Public Announcement of Intention, issued on November 22, 2024, was withdrawn by the acquiring parties. Arif Habib Limited has now submitted a fresh Public Announcement of Intention, which will be published in both an English and an Urdu language daily newspaper on December 5, 2024.

For further details or clarification, stakeholders may contact the undersigned mentioned in the announcement.