Business
Adamjee Insurance : AICL | Adamjee Insurance Company Limited Disclosure Under Section 110 of the Securities Act 2015 and Regulation (4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation 2017
Adamjee Insurance : AICL | Adamjee Insurance Company Limited Disclosure Under Section 110 of the Securities Act 2015 and Regulation (4(2) of the Listed
About this update from Adamjee Insurance Co. Limited
[{"type":"text","content":"\n SE6hBlT3 6QhQ&tRTXSDB&SCR%&BPAA9GB.\n \n \n (Incorporated in Pakistan) AA* by GIS\n \n \n \n SGI/SECP/ July 21, 2025\n The Compar.y Secretary, Adamjee Insurance Co. Ltd. Adamjee House,\n \n \n 6\" Floor,\n \n \n I.I. Chundrigar Road, Karachi.\n \n \n The General danger, Pakistan Stock Exchange, Stock Exchange Building, Stock Exchange Road, Karachi.\n \n \n Executive Director,\n \n \n Surveillance, Supervision & Enforcement Deptt. Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area, Islamabad\n \n \n \n Subject: Disclosure Under Section 110 of the Securities Act, 2015 read with Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017\n \n \n \n Dear Sir(s),\n \n \n \n In compliance with the provisions of Section 110 of the Securities Act, 2015 and Regulation (4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017, please find attached disclosure on prescribed format.\n \n \n \n Since ly\n Yours\n \n \n \n Khalid Mahmood olsan Company $ecre\n \n \n \n Head Office: ssl House, 18-C/E-1, Gulberg-III, Lahore • 54660 - Pakistan. Tel: 92 42 35775024•29, 35775032-3 Fax: 92 4235775030 E-mail: [email protected]\n SCHEDULE III\n \n \n Disclosure under section 110(1) of the Act [Regulation 4(2)]\n 21-Jul-2025\n \n \n The Manager Director, Pakistan Stock Exchange The Chief Executive, Adamjee Insurance Co. Ltd. Securities and Exchange Commission of Pakistan\n \n \n \n Subject: Disclosure pursuant to section 110 (1) of the Securities Act, 2015\n \n \n Part-A\n \n \n It is notified pursuant to Section 110 of the Securities Act, 2015 read with Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017, that we the Security General Insurance Company Limited (\"SGI\") have acquired on 17 July 2025, 2,950,000 voting shares of Adamjee Insurance Company Limited (\"AICL\") at an average rate of Rs. 73.02 per share. On account of this acquisition our total shareholding in AICL is 37,187,737 shares which represents 10.63% of the total issued voting shares of AICL, as our previous holding in AICL was 34,237,737 shares.\n \n \n \n Part-B\n \n \n Particuiars of the Acquirer(s)\n \n \n Name: Security General Insurance Company Limited\n \n \n Register...