CHERA7
/< at
CENENT
June 10, 2025
CHERAT CEMENT COMPANY LIMITED
MODERN MOTORS HOUSE, BEAUMONT ROAD, KARACHI-75530, PAKISTAN UAN : (9221) 111-000-009
TEL : (9221) 35683566-35683567-35688348-35689538
FAX : (9221) 35683425
E-MAIL : cherat@gfg.com.pk WEB : https://www.gfg.com.pk
^
G hulam Faruque
G roup
The Executive Director / HOD Offsite - II Department Supervision Division,
Securities & Exchange Commission of Pakistan 63, Jinnah Avenue, Blue Area
Islamabad Dear Sir(s),
The General Manager Pakistan Stock Exchange Ltd. Stock Exchange Building Stock Exchange Road Karachi
Publication of Public Announcement of Intention to Acquire atleast 84.06% of the Ordinary Shares of Attock Cement Pakistan Limited
This is with reference to the Public Announcement of Intention to acquire atleast 84.06% (115,526,349 shares) and joint control of Attock Cement Pakistan Limited (the Target Company), we would like to inform you that the Public Announcement of Intention has been published in daily Business Recorder (English) and Nawa-e-Waqt (Urdu) newspapers dated June 6, 2025 in accordance with Regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
Copy of the newspaper publications where Public Announcement of Intention has been published
is enclosed herewith.
We hope you will find the attached documents in order.
Yours sincerely,
For Cherat Cement Co. Limited
Asim H. Akhund Company Secretary
Peshawar . 1st Floor, Betani Arcade, Jamrud Road, Peshawar, Paklstan. UAN (091 ) 111-000-009 Tel: (091 ) 584 2295. 5842272, 584 1373 & 5843232 Fax. (091 ) 584044 7 E-mail: cherat.sap@gfg.com.pk
Lahore 3. Sunoardas Road, Lahore. Pakistan. UAN: (042) 111-000-009 Tel: (042) 36286249, 36286250. 36308259 Fax: (042) 36286204 E-mail: cherat.sol@gfg.com.pk Islamabad : 1st Floor, Razia Sharif Plaza, Jinnah Avenue, Blue Area, Islambad, Pakistan. UAN: (051) 111-000-009 Tel: (051) 2344697, 2344698, Fax: (92-51 ) 2802364, 2274970
E-mail: cherat soi@gfg.com.pk
Encl.: As stated above
PUBLIC ANNOUNCEMENT OF INTENTION TO ACQUIRE ATLEAST 84.06% (115,526,349 SHARES) AND JOINT CONTROL OF ATTOCK CEMENT
f} Details of companies, where the intended Acquirers holds more than thirty percent voting sharea: Cherat Cement Company Limited: NIL
, PAKISTAN LIMITED (THE "TARGET COMPANY")
company
Regiatraclon
t4o.
Nature
(lieted/unlieted
Buelneae
Incorporation tfian 30•/» uttered
CHERAT CEMENT COMPANY LIMITED ("CCCL"); and
Atlas Honda Limited
0001569
Y inter company
Manufacturing of motorcycles and spare pans
Pakistan
5243
SHIRAZI INVESTMENTS (PRIVATE) LIMITED ("SIL") ("ACQUIRERS") UNDER SECURITIES ACT, 2015
Atlas Battery Limited
0002379 Listea company Manufacturing OI
automotive batteries and allied products
Pakistan
58.86°°
Admonishment: Please note thai the public announcement of intention to acquire voting shares/control of Ahock Cement Pakistan Limited is subject to obtaining the requisite regulatory approvals. The public
Atlas Insurance Limited
000002 4
Listed Company General Insurance
Pakistan
75.33%
announcement of intention may be withdrawn, if the requisite approvals are not granled by the
concerned regulatory authority(ies).
PART A
Honda Atlas Cars 0028815 (Pakistan)
Limited
Listed Company Assembling of
vehicles and manufacturing of spare pans
Pakistan
3020°s
Briel description of the intended acquisition:
The Acquirers inlend to acquire atleast 84.06% shareholding and i•i•! control of the Target Company. Public Offer, it at all shall be made in accordance with the Lisied Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 ("Regulations").
Atlas Engineering 0001665
(Private) Limiied
Private Limiied Company
Manufacturing and trading ol automotive parts
PaWstan
100.OD°+
Atlas Asset
Management
0044252
Unlisted Public Company
Asset Management,
Mn ual Funds
Pakistan
10000%
Share Cherat Cement Company Limited
'azi Investments (Pvt) Limiled
A reemeet ** Total
Up to 57,763,174
Up lo 57,763.175
115,526,346
42.03°.
42.03%
84.06°/o
Atlas Energy Limited
0099710 Unlisted Pubtic Company
an d e ident Ad : v
Renewable Energy
Pakistan
4 00.O0%o
To be determined after the Cherat Cement Company Limited Not determinable at lhis stage execution of Share Purchase
Agreement
Atlas Power Limited
0059066
Unlisted Public Company
Power Generation
Pakistan
92.09%
Public Offer
To be determined after the Shirazi Investments (Pvt) Limited Not determinable at lhis stage execution of Share Purchase
Agreement
Shirazi Trading Company (Private) Limited
0O04B31 Private Limiled Company
Trading of medical equipment, aulo parts, office equipment and motorcycles
Pakistan
100.00%
-
Iniormstion shout tfie Acquirers
a} Name(a) s nd addreoo(es) ot Acquirers along witñ persona acting in concert, ft any:
Name: Cherat Cement Company Limited
A ddreee: Modern Molors House, Beaumont Road, Karachi Name: Shirazi Investments (Private) Limited
Atlas Metals (Private) Limited
Atlas Venture Limited
Private Limiled Company
110700 Limited Liability Company
purchase agreements
Manufacluring of Automotive parts
General Trading
Pakistan
UAE
10000%
10000%
Address: 2nd Floor Federation House, Shara-e-Firdousi, Clifton. Karachi
Cherat Cement Company Limited and Shirazi Investments (Private) Limited intend to acquire the Target Company through a 50:50 joint holding.
Name{a) of the ultimate acquirers or the ultimate controlling shareholder:
NIL
Atlas Solar
Limited
Atlas DID (Private) Limited
Atlas Hilec (Private) Limited
Atlas GCI
0089745
0081103
0137564
Unlisted Public Company
Private Limiied Company
Private Limited
Energy Solutions
Manufacturing of Automotive parts
Manufacturing of Automotive parts
Manufacturing ol
Pakistan Indirect holding:
93.70%
Pakistan indirect holding:
Cherai Cement Company Limited
As the largest shareholder, Faruque (Private) Limited holds 21.67% of the shares in Cherat Cement Company Limited. No other single shareholder possesses a substantial interest, and therefore, details regarding natural person(s) with ultimate beneficial ownership cannot be determined.
(Private) Limited
eral Tra ng Gec
1
" "*'
Company
Limited Liability Company
Automotive parts
GeoeraTradng
44.10%
Mr. Aamir H. Shirazi Shirazi Investments Mr. Saquib H. Shirazi
Allas Global FZE 126078
Limited Liability Company
General Trading
UAE
(Private) Limited Mr. Aii H. Shirazi
Iftikhar Shirazi Family Trust
Name
Topline Securities Limited
8th Floor, Horizon Tower, Plot # 2/6, Block 3 Clifton, Karachi, Karachi Cily, Sindh, Pakistan
Name(e) and address(ea) ofi manager to the offer of the Acquirer:
Principal areaa of buaineaa of the Acquirer and relevant experience:
Cherat Cement Company Limited is a prominent player in Pakistan's cement industry. The company is publicly lisled on ihe Pakistan Stock Exchange and is engaged in lhe manufacturing, marketing, and sale of high-quality cement. With a state-of-the-art production infrastructure and an insialled capacity of 4.5 million ions per annum, primarily
Cherai Cement serving the northern region of Pakistan. CCCL is recognized for its consistent quality Company Limited standards, operational excellence, and commitment to sustainability.
‹cccL› CCCL also plays an active role in regional trade, exporting cement to Afghanistan, thereby
contributing to Pakistan's export economy. Through its focus on innovation, efficiency, and customer satisfaction, CCCL continues lo strengthen ils position as a trusted name in the cement secior.
Shirazi lnveslmenls Operates as the investment arm of Atlas Group, a diversified conglomerate with
investments in engineering, power, linance, and trading businesses, renowned for ils
Information about ultimate beneficial owner of the intended Acquirer:
Name, CNIC, nationality and address of each person Cherat Cement Company Limited. NIL
ft h S az Fam T st 42301-09485 15-3 Pakistan 5. Khayaban-e-Muhafiz, Phase VI. DHA, Karachi Shirazi)
Mr. Aamir H. Shirazi 35202-3854859-7 Pakistan 3, Canal Bank, Zaman Park, Lahore
Mr. Saquib H. Shirazi 42000-0509678-5 Pakistan 12, Khayaban-e-Bukhari, Phase VI, DHA, Karachi Mr. Ali H Shirazi 42301-0972346-1 Pakistan 2, Kha aban-e-Ghazi, Phase V. DHA, Karachi
Cherat Cement Company Limited: NIL
Name of Registradon Nature (Lieted/ Nature of Jurisdiction of Description held CWQ8Rg NO. Unliated/ Pdvate) Bualneea Incorgoratlon conxol/ more than 30°/e
SF Global 194560 A Limited Liabi|ity Investment in Jebel AJi Free Mr. Aamir H. Shirazi - 33.33%
(Private) Limiied
strategic investments and strong governance.
Holdings
Company real estate Zone. Authority. 'd
In case the Acquirer(e) ie a fund/company:
Names of the Chief Executive and Directors of the Companies:
Limited
Dubai. UAE Mr Saquib H. Shirazi - 33.33%
1
Mr anb srirazi - 33 33°.â holding
Mr. Omar Faruque Mr. Azam Faruque Mr. Akbar Ali Pesnani Mr. Arif Faruque
Mr. Abrar Hasan Mr. Yasir Masood Mrs. Zeeba Ansar Mr. Ariful Islam
Mr. Iltikhar H. Shirazi
Deelgnetion
Chairman - Non-Executive Director
Chief Executive Officer Executive Director Non-Executive Director
Non-Executive Director Independent Director
Director & Chief Operating Officer
Independent Director Independent Director
Chairman & Executive Director
detaile ol any existing holding of voting righte in the Target Company:
which Acquirer(e) owns or over which it has control or direction: NIL
which ia owned or controlled or directed by any person aming in concert with the Acquizerta): NIL
- in eeepect of which the Acquirer or any other pereon acting in concert with him tias received en irrevocable commitment to uccept the takeover offer; end in respect of which ttie Acquirer or any pereon arting in concert with him holds an option to purchase or warrante or other convertible securities: NIL
The consummation of the acquisition shall be subject to, inter alia, finalization ol acquisiiion terms, due diligence, execution of appropriate agreement(s) and receipt of all regulatory and corporate approvals, where required. The minimum level of acceptance, i.e. number and percentage shares, to which the offer is subject. ii any, will be specified in the public offer.
PART C
2} Information about the Turget Company
m e ge C m ytate directors and mejor ahareholdere along with number of aharee and
Shuab A. Maik
Abdus Sanar
Shamim Ahmad Khan
A ha Sher Shah
Non-Executive Director Non-E xeculive Director
Non-Executive Director / Chairman Non-Executive Director
Inde endent Director Inde endeni Director
ii Names of substantial shareholder of the Comoanv:
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