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 here.
Offer Price
PKR 75 per share
Target Shares
Up to 191,690,015 Ordinary Shares (35.147% of total issued capital)
Acceptance Period
March 25, 2025 – April 4, 2025, 9:00 AM – 5:00 PM PST
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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 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.
- 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 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
- Offer Letter
- Public Offer Acceptance Letter
How to Participate
How to Tender Your Shares
Review the Offer
Download the Offer Letter and Public Announcement of Offer from this website or www.akdsl.com.
Confirm Eligibility
Ensure you are a registered shareholder of TRG Pakistan Limited as per CDC records or physical certificates.
Submit Your Tender
Electronic Submission (CDC Shares)
Transfer shares to the Manager to the Offer’s CDC Account (Participant ID: 10629, Sub-Account No: 601651) and submit the Acceptance Letter with CDC transfer slip to AKD Securities Limited.
- Intra-Account Transaction Code: [A021]
- Inter-Account Transaction Code: [P015]
- UIN: GHL55801BM
Physical Shares
Submit original share certificates and verified transfer deeds with the Acceptance Letter to AKD Securities Limited.
Via This Website
Download, complete, and upload the Acceptance Letter with required documents (see below).
Deadline
Submissions must be received by 5:00 PM PST on April 4, 2025. A Provisional Receipt will be issued upon successful submission.
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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Resources
Key Documents
- Public Announcement of Offer – Published January 17, 2025
- Offer Letter
- Public Offer Acceptance Letter
- Annexure A: Share Splitting Authorization
- Annexure B: Excess Shares Pickup Authorization
Additional Information
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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 Takeover 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 of April 4, 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
Fatima M. Shamim
Manager to the Offer
AKD Securities Limited
602, 6th Floor, Continental Trade Center,
Block 8, Clifton, Karachi