Tender Offer for TRG Pakistan Limited Shares
Welcome to the TRG Pakistan Limited Tender Offer Information Portal
Learn about Greentree Holdings Limited’s offer to purchase shares of TRG Pakistan Limited and submit your tender today.
Offer Price
PKR 75 per share
Target Shares
Up to 191,690,015 Ordinary Shares (35.147% of total issued capital)
Acceptance Period
Start Date:
9:00 AM - March 25, 2025
End Date:
5:00 PM - May 15, 2025
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Introduction
About the Tender Offer
"On January 17, 2025, Greentree Holdings Limited (the 'Acquirer') announced a public tender offer to acquire up to 35.147% of the total issued capital of TRG Pakistan Limited ('TRG'), comprising 191,690,015 Ordinary Shares of PKR 10/- each, at a price of PKR 75 per share. The Public Announcement of Offer was published in Nawai Waqt (Urdu) and Business Recorder (English) editions for Karachi, Lahore, and Islamabad."
Purpose of the Offer
This tender offer aligns with Greentree Holdings Limited’s strategy to acquire a substantial stake in TRG Pakistan Limited, a company listed on the Pakistan Stock Exchange (PSX).
Key Dates
- Offer Announced: January 17, 2025
- Acceptance Period: March 25, 2025 – April 4, 2025
- Closing Date: April 4, 2025, 5:00 PM PST
- Expected Payment: Within 10 days from April 4, 2025
How It Works
- Review the Public Announcement of Offer and Offer Letter.
- Decide whether to tender your shares.
- Submit your tender via this website, your broker, or the CDC by April 4, 2025, 5:00 PM PST.
- Expected Payment: Within 10 days from April 4, 2025
Note: If shares tendered exceed 191,690,015, acceptance will be on a proportional basis, with a minimum of 500 shares per shareholder (or full holding if less than 500)."
Downloadable Documents
- Public Announcement of Offer (PDF)
- Offer Letter (PDF)
- Public Offer Acceptance Letter (PDF)
Introduction
About the Tender Offer
"On January 17, 2025, Greentree Holdings Limited (the 'Acquirer') announced a public tender offer to acquire up to 35.147% of the total issued capital of TRG Pakistan Limited ('TRG'), comprising 191,690,015 Ordinary Shares of PKR 10/- each, at a price of PKR 75 per share.
The Public Announcement of Offer was announced through the Pakistan Stock Exchange Limited also published in Nawai Waqt (Urdu) and Business Recorder (English) editions for Karachi, Lahore, and Islamabad."
Purpose of the Offer
This tender offer aligns with Greentree Holdings Limited’s strategy to acquire a substantial stake in TRG Pakistan Limited, a company listed on the Pakistan Stock Exchange (PSX).
Key Dates
- Offer Announced: January 17, 2025
- Acceptance Period: March 25, 2025 – May 15, 2025
- Closing Date: May 15, 2025, 5:00 PM PST
- Expected Payment: Within 10 days from May 15, 2025
How It Works
- Review the Public Announcement of Offer and Offer Letter and other correspondence announced from time to time.
- Decide whether to tender your shares.
- All Submissions of acceptance lettets and requires documents are to be made directly to AKD Securities Limited, either via email or in person.
- Expected Payment: Within 10 days from May 15, 2025
Note: If shares tendered exceed 191,690,015, acceptance will be on a proportional basis, with a minimum of 500 shares per shareholder (or full holding if less than 500)."
How to Participate
How to Participate in the Tender Offer
To accept the offer, follow these steps starting March 25th:
Get the Acceptance Form
If you received an offer letter, use the form included
If not, Download Acceptance Letter
Complete the Form
- Write your name, ID number (CNIC), bank account number (IBAN), and the number of shares you want to offer.
- Questions? Please contact your broker
Transfer your shares to the designated account
- CDC Account Holders: Have your broker transfer your tendered shares to the titled Manager to the Offer-TRG Pakistan Limited, and submit the stamped CDC transfer slip along with your acceptance letter and relevant documentation to AKD Securities Limited.
- Paper Shares: Fill out your verified transfer deed to AKD Securities, and transfer your paper shares to AKD Securities Limited.
Send your paperwork to AKD Securities Limited
Mail or deliver your signed completed form, acceptance letters, required documents plus any share papers (CDC transfer slip or share certificates) to:
AKD Securities Limited
602, 6th floor, Continental Trade Center, Block-8, Clifton, KarachiDeadline: 5:00 PM on May 15, 2025
Receive Payment
If your shares are accepted, payments will be sent to your bank account within 10 days after May 15.
Required Documents
Individuals
- CNIC copy
- CDC transfer slip
- share certificates + transfer deeds (physical shares)
Corporates
- Memorandum & Articles
- Certificate of Incorporation
- Board Resolution
- NTN copy
- signatory CNIC copies
- CDC slip/physical certificates
Electronic Tender Form
Need Help?
Contact the Manager to the Offer at
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Frequently Asked Questions (FAQs)
What is this tender offer?
Greentree Holdings Limited is offering PKR 75 per share to acquire up to 35.147% (191,690,015 shares) of TRG Pakistan Limited under the Securities Act 2015 and Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017.
Who can participate?
All TRG shareholders registered with the CDC or holding physical certificates as of the book closure date.
What if I don’t tender my shares?
You will retain your shares, subject to the outcome of the tender offer.
Can I withdraw my tender?
No, tenders are irrevocable once submitted, as per the Offer Letter.
How will I get paid?
Payments will be made via IBFT/RTGS to your provided IBAN within 10 days from May 15, 2025.
What if too many shares are tendered?
Shares will be accepted on a pro-rata basis, with a minimum of 500 shares per shareholder (or full holding if less).
Contact Us
Acquirer:
Ali Ahsan
Greentree Holdings Limited
Crawford House, 50 Cedar Avenue
Hamilton HM 11, Bermuda
Manager to the Offer:
Fatima M. Shamim
AKD Securities Limited
602, 6th Floor, Continental Trade Center,
Block 8, Clifton, Karachi