Gillette Pakistan Delisting: P&G Offers Rs700 Per Share to Minority Shareholders

Gillette Pakistan Limited (GLPL) has announced a major development for investors as its majority shareholder plans to buy out all remaining public shares before the company exits the Pakistan Stock Exchange (PSX).

The majority shareholder, Series Acquisition B.V. (SABV), which represents Procter & Gamble (P&G), has offered Rs700 per share to minority shareholders as part of the voluntary delisting process.

The announcement was made through an official notice submitted to the Pakistan Stock Exchange (PSX).

Buyback Offer for Minority Shareholders

According to the company notice, SABV intends to purchase all remaining shares held by minority investors. These shares represent approximately 8.28% of Gillette Pakistan’s total paid-up capital.

The buyback offer will remain open for shareholders from:

March 12, 2026 to May 10, 2026

The offer applies to:

• Investors holding physical share certificates

• Investors whose shares are stored in the Central Depository System (CDC)

Once the buyback period ends, the company plans to proceed with delisting from the Pakistan Stock Exchange.

Earlier Buyback Proposal Rejected by PSX

Initially, Gillette Pakistan proposed a much lower buyback price.

In November 2025, the company applied to the PSX to purchase minority shares at Rs216.49 per share.

However, the Voluntary Delisting Committee (VDC) of the PSX rejected the proposal and determined that the buyback price should be significantly higher.

The committee eventually set Rs700 per share as the minimum acceptable buyback price, which has now been approved by the exchange.

P&G’s Majority Ownership in Gillette Pakistan

Procter & Gamble controls 91.72% of Gillette Pakistan’s shares through its subsidiary Series Acquisition B.V.

To complete the delisting process, the company must acquire the remaining 2,638,059 shares held by minority investors.

Once these shares are purchased, Gillette Pakistan will be fully owned by the sponsor and removed from the PSX listing.

What This Means for Investors

Minority shareholders now have the opportunity to sell their shares at Rs700 per share, which is significantly higher than the earlier proposed buyback price.

Investors who accept the offer during the specified period will be able to exit their holdings before the company is officially delisted.

Gillette Pakistan Delisting: P&G Offers Rs700 Per Share to Minority Shareholders