⏸️ FCCL: HOLD Signal (5/10) – Material Information in respect of Intimation for Extension in Timeline for Public Announcement of Offer to Acquire Shares and Joint Control of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited under the Sec

📌 Key Takeaways

• 🗓️ FCCL and KAPCO seek to acquire shares and joint control of Attock Cement.
• 延期 Integrated Equities Limited requested a 90-day extension for the Public Announcement of Offer (PAO).
• 🎯 New PAO deadline is March 1, 2026.
• 🤝 Extension due to ongoing discussions with the seller, Pharaon Investment Group Limited Holding S.A.L.
• 📜 The initial Public Announcement of Intention (PAI) was published on June 4, 2025.
• 🔄 FCCL replaced Fauji Foundation as the joint acquirer.
• 🏛️ The extension is in accordance with Regulation 7(1) of the Listed Companies Regulations, 2017.
• ✉️ MTO’s letter dated November 25, 2025, provides details on the extension.
• 📢 The company is informing the Pakistan Stock Exchange Limited (PSX) about the extension.
• 🏢 Securities and Exchange Commission of Pakistan (SECP) is also notified.
• 💼 Brig Kashif Naveed Abbasi, SI (M), Retd, is the Company Secretary of Fauji Cement Company Limited.
• 📍 Fauji Cement Company Limited is located in Rawalpindi, Pakistan.
• 🌐 Integrated Equities Limited has its head office in Lahore.
• ℹ️ This information is considered material and is being disclosed to stakeholders.

🎯 Investment Thesis

Given the lack of financial details and the extension of the PAO, a HOLD recommendation is appropriate for FCCL. While the acquisition of Attock Cement could potentially benefit FCCL in the long term, there is currently insufficient information to assess the financial impact and risk-reward profile. Investors should monitor future announcements for updates on the deal terms and financial implications. Price target will be determined after the deal terms are finalized. The time horizon is medium term, contingent on the finalization of the transaction.