Islamabad, Dec 10: Trading in the shares of Fauji Fertilizer Bin Qasim Limited (FFBL) will be suspended starting Monday, December 23, 2024, due to the entitlement of shares of Fauji Fertilizer Company Limited (FFC) as part of the amalgamation of FFBL with FFC.
The Lahore High Court, Rawalpindi Bench, issued a judgment on December 4, 2024, sanctioning the Scheme of Arrangement for the merger. FFBL has announced the final date for the book closure as December 26, 2024, which has been notified on the PSX website via PUCARS. As per the Scheme of Arrangement, shareholders of FFBL will receive 1 share of FFC for every 4.29 shares of FFBL.
In light of this, trading in all Futures Contracts of Fauji Fertilizer Bin Qasim Limited (FFBL-DEC-2024, FFBL-JAN-2025, and FFBL-FEB-2025) will be closed prematurely in accordance with standard practice. The last trading day for these Futures Contracts will be Tuesday, December 17, 2024, with the corresponding settlement date on Thursday, December 19, 2024.
Following the completion of the merger, FFBL will be delisted from the Exchange, and a separate notice will be issued regarding this.
