Dated: April 19, 2022
The General Manager,
Pakistan Stock Exchange Ltd.,
Stock Exchange Building, Stock Exchange Road, Karachi.
Fax: (021) 111-573-329
SUBJECT: MATERIAL INFORMATION
Dear Sirs,
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:
"We are pleased to announce that the Board of Engro Polymer & Chemicals Limited (EPCL) in its meeting dated April 18th, 2022 has approved a CAPEX of USD 4 million for conducting Basic Engineering followed by a Front End Engineering Design (FEED) study in relation to de-bottlenecking its VCM production facility to 300 KT per annum (the "Project").
The results of these studies, when completed, will lead to the final investment decision in relation to the Project."
You may please inform the members of the Exchange accordingly.
Yours faithfully,
Khawaja Haider Abbas Company Secretary
Cc:
Director / HOD
Surveillance, Supervision and Enforcement Department Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue
Blue Area, Islamabad
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Name & Address of Company: | Engro Polymer & Chemicals Limited 12th Floor, Ocean Tower, G-3, Block -9, Clifton, Karachi |
Date of Report: | April 19, 2022 |
Contact Information: | Khawaja Haider Abbas Company Secretary Engro Polymer & Chemicals Limited 12th Fl/oor, Ocean Tower, G-3, Block -9, Clifton, KarachiTell Number: Fax Number: Email Address: 021-111-411-411 021-35166865khabbas@engro.com |
Public disclosure of inside information, which directly concerns the listed securities:
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:
"We are pleased to announce that the Board of Engro Polymer & Chemicals Limited (EPCL) in its meeting dated April 18th, 2022 has approved a CAPEX of USD 4 million for conducting Basic Engineering followed by a Front End Engineering Design (FEED) study in relation to de-bottlenecking its VCM production facility to 300 KT per annum (the "Project").
The results of these studies, when completed, will lead to the final investment decision in relation to the Project."
Pursuant to the requirements of the Securities Act, 2015, the Company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.
For and on behalf of
Engro Polymer & Chemicals Limited
Khawaja Haider Abbas
Company Secretary
Dated: April 19, 2022
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Engro Polymer & Chemicals Ltd. published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 04:33:02 UTC.