Sapphire Fibres Limited
316-Cotton Exchange Building,
I.I Chundrigar Road, Karachi - 74000 Pakistan
Phones: 92-21-111-000-100
Fax: 92-21-2416705, 92-21-2417418
E-Mail: contact@sapphiretextiles.com.pk
Ref: SFL/ Corp/ MI/ 2025-26/002January 01, 2026
The General ManagerPakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Publication of Withdrawal of Public Announcement of Intention to acquire up-to 75.69% of the issued and paid-up capital and control of Rafhan Maize Products Company Limited ("Target Company")Dear Sirs
Enclosed please find herewith the published copy of the newspapers regarding notice of withdrawal of Public Announcement of Intention to acquire up to 75.69% of the issued and paid-up capital and control of Rafhan Maize Products Company Limited.
We hope you will find the attached documents in order.
Yours Sincerely,
Rameez
Rameez GhausiCompany Secretary
cc: The Director / HoDOffsite - II Department
Listed Companies Department
Supervision Division Securities & Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area
Islamabad
SAPPHIRE FIBRES LIMITED | |
PUBLIC ANNOUNCEMENT OF WITHDRAWAL OF INTENTION TO ACQUIRE UP-TO 75.69°/» OF THE ISSUED AND PAID-UP CAPITAL AND CONTROL OF RAFHAN MAIZE PRODUCTS COMPANY LIMITED BY SAPPHIRE FIBRES LIMITED Under Regulation 21(1)(b) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 This is with reference to the Public Announcement of Intention ("PAI") dated May 15, 2025 and the Corrigendum to the PAI dated July 16, 2025, made by Sapphire Fibres Limited (the "Acquirer") to acquire up to 75.69% of the issued share capital and control of Rafhan Maize Products Company Limited from Ingredion Inc., (the "Seller"). As the negotiations with the Seller did not materialize, the Acquirer hereby withdraw the PAI in accordance with Regulation 21(1)(b) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. | |