24,999,890 Ordinary Shares of Panther Tyres Limited are subject to a Lock-Up Agreement Ending on 5-FEB-2024.
February 04, 2024
Share
24,999,890 Ordinary Shares of Panther Tyres Limited are subject to a Lock-Up Agreement Ending on 5-FEB-2024. These Ordinary Shares will be under lockup for 1077 days starting from 23-FEB-2021 to 5-FEB-2024.
Details:
A total of 99,999,560 shares held by the Sponsors of the company are subject to lock-up period, of which 66,999,560 shares will be held by Mian Iftikhar Ahmed, 22,000,000 shares will be held by Mian Faisal Iftikhar and 11,000,000 shares will be held by Samina Iftikhar.
The sponsors of the Company shall retain their entire shareholding in the Company for a period of not less than twelve months from the last date for public subscription.
Further, the sponsors of the Company shall retain not less than twenty five percent of the paid up capital of the Company for not less than three financial years from the last date for the public subscription.
Panther Tyres Limited is a Pakistan-based company, which is principally engaged in the manufacture and sale of tires and tubes for vehicles. The Company manufactures and supplies tires and tubes, lubricants and spare parts in Pakistan. Its tires consist of motorcycle, auto rickshaw, light transport vehicle (LTV)/ heavy transport vehicle (HTV), agriculture, and earth mover. Its tubes include motorcycle butyl tubes, commercial butyl tubes, passenger car butyl tubes, agricultural/tractor butyl tubes, truck/bus butyl tubes, moped and three-wheeler butyl tubes and bicycle butyl tubes. The lubricant consists of motorcycle engine oil and diesel engine oil. The auto parts include motorcycle chain and sprocket kit, brake shoe, spark plug, bearing, rim, motorcycle control cables, spoke and nipple set, battery, bike chain, capacitor discharge igniter (CDI) units, and air filters. Its production plant is located at Sheikhupura Road, Sheikhupura.
PANTHER TYRES LIMITED 
