Karachi: We, Cyan Limited (CYAN) (Formerly Central Insurance Company Limited) (the Company), would like to inform you that the Company has executed a Share Purchase Agreement (SPA) for proposed acquisition of 32,260,000 fully paid ordinary shares of Hubco from the National Power International Holdings BV at a price of PKR 31/ – per share.
It may be noted that consummation of above acquisition of shares of Hubco by the Company is conditional upon certain regulatory consents and approvals.
For more information, contact:
Suleman S. Mehdi
Coo and Company Secretary
3rd forth Floor, Dawood Centre,
M.T. Khan Road, Karachi Pakistan, 75530
Ph: 92-21 35686001