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FFC and FFBL to merge

According to the Merger Scheme, the entire business of the Company (FFBL) —including its assets, liabilities, rights, obligations, and privileges—will be merged into FFC through amalgamation. As part of this merger, all existing shares of the Company will be canceled. In exchange, FFC will issue approximately 150.87 million new ordinary shares to the Company’s shareholders (excluding FFCL itself). The share exchange will follow a swap ratio, where shareholders of the Company will receive 1 FFCL ordinary share for every 4.29 shares they currently own. Upon completion of the merger, the Company (FFBL) will be dissolved without the need for a formal winding-up process and will be delisted from the PSX.

https://dps.psx.com.pk/download/document/237135.pdf

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