JSCL, ICTSI Mauritius sign share purchase agreement

Jahangir Siddiqui and Company (JSCL) has signed a share purchase agreement with ICTSI Mauritius Limited for sales of shares of Pakistan International Container Terminal Limited (PICTL). Under the said agreement, JSCL shall sell a minimum of 13 million shares of PICTL at a price of Rs 150 per share, said an information sent to Karachi Stock Exchange.
The above sale of shares shall be subject to regulatory approvals by ICTSI Mauritius Limited. In addition JSCL has also signed a shareholders agreement with ICTSI Mauritius Limited and Premier Mercantile Services (Private) Limited. Under the shareholders agreement the parties have agreed on the terms and conditions of the constitution, shareholding and management of PICTL and their relationship inter se.