May 15, 2024

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Subject: Disclosure Under Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017

Dear Sir / Madam,

Reference is being made to the announcement made by the Engro Powergen Qadirpur Limited (the "Company") on February 26, 2024 pursuant to the Public Announcement of Intention made by Arif Habib Limited, acting as Manager to the Offer on behalf of consortium of acquirers led by Liberty Mills Limited (the "Acquirers"). The Acquirers intend to acquire up to 68.89% shares of the Company.

Further to the above, Arif Habib Limited has circulated an Addendum to the Public Announcement of Intention dated May 15, 2024 whereby they have communicated a change in the acquiring entities from Liberty Mills Limited, Mr. Zain Ashraf Mukaty, Mr. Temoor Ashraf Mukaty, Mr. Ahmed Ashraf Mukaty, Soorty Enterprises (Private) Limited, Affinity Capital (Private) Limited, Mr. Najeeb Malik, Mr. Nadeem Malik and Mr. Shahzad Malik to

Liberty Power Holding (Private) Limited, Soorty Enterprises (Private) Limited, and Procon Engineering (Private) Limited.

In this regard, please find enclosed herewith the addendum to the Public Announcement of Intention circulated by Arif Habib Limited.

You are requested to disseminate the above information along with the enclosed letter to the TREC Holders of the Exchange.

Best Regards,

Saqib Rafique, ACA

Company Secretary

Encl: Addendum to Public announcement of Intention.

Copied: Director / HOD

Listed Companies Department, Supervision Division Securities and Exchange Commission of Pakistan, Islamabad.

LIBERTY POWER HOLDING (PRIVATE) LIMITED

SOORTY ENTERPRISES (PRIVATE) LIMITED

&

PROCON ENGINEERING (PRIVATE) LIMITED

Addendum to the Public Announcement of Intention to acquire 68.89% shares and control of

Engro Powergen Qadirpur Limited (the "Target Company")

This Addendum covers changes to the Public Announcement of Intention ("PAI") issued by Liberty Mills Limited, Zain Ashraf Mukaty, Temoor Ashraf Mukaty, Ahmed Ashraf Mukaty, Soorty Enterprises Pvt Limited, Affinity Capital Pvt Limited, Najeeb Malik, Nadeem Malik, Shahzad Malik, on February 26, 2024 to acquire 68.89% shares and control of Engro Powergen Qadirpur Limited. Due to a change in the acquiring entities from Liberty Mills Limited, Zain Ashraf Mukaty, Temoor Ashraf Mukaty, Ahmed Ashraf Mukaty, Soorty Enterprises Private Limited, Affinity Capital Private Limited, Najeeb Malik, Nadeem Malik, and Shahzad Malik to Liberty Power Holding (Private) Limited, Soorty Enterprises (Private) Limited, and Procon Engineering (Private) Limited, we are reproducing the changes to the original PAI below. All other details including details of the Target remain unchanged.

Part-B

  1. Information about the acquirer
    1. Name(s) and address(es) of acquirer along with persons acting in concert, if any.

Company

Name

Address

Liberty Power

A-51/A Site Karachi

Holding

Liberty Power Holding

(Private)

(Private) Limited (LML)

Limited

Soorty

Soorty Enterprises (Pvt.)

26-A, S.M.C.H.S, Off: Sh-e-Faisal,

Enterprises

Karachi-74400, Pakistan

Limited

(Pvt) Limited

Master Group

Procon Engineering (Private)

Master House, 54 Darul Aman

of Industries

Cooperative Housing Society,

Limited

Shahrah e Faisal, Karachi

  1. Name(s) of the ultimate acquirer or the ultimate controlling shareholder.

Company

S. No.

Name

Liberty Power

1

Holding (Private)

Liberty Mills Limited

Limited

2

Soorty

1

Mr. Shahid Rashid Soorty

Enterprises (Pvt)

2

Mrs. Nargis Shahid Soorty

Limited

3

Mr. Asad Shahid Soorty

Master Group of

1

Mr. Nadeem Malik

Industries

2

Mr. Najeeb Malik

(Procon

3

Mr. Shahzad Malik

Engineering

4

Najeeb Holdings (Pvt) Limited

(Private)

3

N M Holding (Pvt) Limited

Limited)

  1. Principal areas of business of the acquirer and relevant experience
    Liberty Power Holding (Private) Limited is wholly owned subsidiary of Liberty Mills Limited, a leading player in the textile industry, known for its commitment to quality and innovation. Liberty Power Holding (Private Limited) is a recently established company, the main purpose of which is to manage the portfolio of power generation companies within Liberty Group being the holding company.
    Soorty Enterprises (Pvt) Limited has been involved in textile manufacturing and export for nearly
    1. years and is a denim manufacturing powerhouse with a global, vertical integrated setup and a focus on design, innovation and sustainability.

    Procon Engineering (Private) Limited is part of the Master Group of Industries (MGI), which is a family-owned business with the below individuals holding shareholding in all group companies either directly or through their holding companies:

    1. Mr. Nadeem Malik
    2. Mr. Najeeb Malik
    3. Mr. Shahzad Malik

MGI is a successful conglomerate which started business in 1963 in the foam industry, and has since expanded into the textile, automobile, engineering and energy sectors. Procon Engineering (Private) Limited is engaged in manufacturing of automotive parts and components.

  1. In case the acquirer is a fund/ company(s):
  1. Names of the chief executive and directors of the company(s);

`

Company

Name

Designation

Liberty Power Holding

Mr. Muhammad Ashraf

Chief Executive

(Private) Limited

Mr. Zain Ashraf Mukaty

Director

Soorty Enterprises

Mr. Shahid Rashid

Chief Executive

(Pvt) Limited

Soorty

Officer/Director

Mrs. Nargis Shahid

Director

Soorty

Mr. Asad Shahid Soorty

Director

Mr. Nadeem Malik

Chief Executive

Master Group of Industries

Officer/Director

(Procon Engineering (Private)

Mr. Najeeb Malik

Director

Limited)

Mr. Shahzad Malik

Director

3

  1. Names of substantial shareholders of the company.

Company

Name

Shareholding

Percentage

Liberty Power Holding

Liberty Mills Limited

100%

(Private)

Limited

Soorty Enterprises

Mr. Shahid Rashid

79.33%

(Pvt) Limited

Soorty

Mrs. Nargis Shahid

20%

Soorty

Mr. Asad Shahid

0.67%

Soorty

Master Group of Industries

Mr. Nadeem Malik

33.33%

(Procon Engineering

Najeeb Holdings (Pvt)

33.33%

Limited

(Private) Limited)

N M Holding (Pvt) Limited

33.33%

(iii) Date of incorporation:

Company

Date of Incorporation

Liberty Power Holding (Private) Limited

22nd March 2024

Soorty Enterprises (Pvt) Limited

12th March 1984

Master Group of Industries

28th August, 1988

(Procon Engineering (Private) Limited)

  1. Jurisdiction of incorporation: Islamic Republic of Pakistan
  2. Authorized and paid-up capital:

Company

Authorized Capital

Paid-up Capital

Liberty

Power

Holding

(Private) Limited

PKR 1,000,000

PKR 100,000

Soorty

Enterprises

(Pvt)

PKR 50,000,000,000

PKR 50,000,000,000

Limited

Master Group of Industries

PKR 50,000,000/-

PKR 30,000,000/-

(Procon

Engineering

(Private)

Limited)

  1. Detail of companies, where the intended acquirer(s) hold more than thirty percent voting shares:

4

Company

Name of

Registrat

Nature

Nature

Jurisdiction

Descriptio

Company

ion

(listed/u

of

of

n held

Number

nlisted/

business

incorporatio

control/mo

Private

n

re than

thirty %

shares or

both

Liberty

International

0254573

Private

Power

Karachi.

65%

Power

Electric

Generatio

Holding

Power

n

(Private)

(Private)

Limited

Limited

Soorty

Soorty

C-

Private

Textile

Bangladesh

45%

Enterprises

Textiles

93045/11

Limited

manufact

(Pvt)

(BD)

company

uring and

Limited

Limited

export

Soorty

166835

Free

Textile

UAE

100%

International

Zone

marketing

Limited

company

and

trading

Procon

Master

0109759

Private

Automoti

Pakistan

100.00%

Engineer

Auto

ve parts

ing

Engineering

and

(Private)

(SMC-Pvt)

compone

Limited

Limited

nts

  1. Information about ultimate beneficial owner of the intended acquirer(s):-
    1. Name(s) of the natural person(s), CNIC/Passport Number, nationality and address of each person.

Company

Name

Passport

Nationality

Address

No.

Liberty

Mr. Muhammad

AB0376344

Pakistani

Plot # 25 H. Street

Power

Ashraf

Khayaban-e-Muhafiz

Holding

Phase VI DHA Karachi

(Private)

Limited)

Mrs. Farheen

AB8943125

Pakistani

Plot # 25 H. Street

Khayaban-e-Muhafiz

Phase VI DHA Karachi

Mr. Zain Ashraf

AB0375134

Pakistani

Plot # 25 H. Street

Khayaban-e-Muhafiz

Phase VI DHA Karachi

5

Soorty

Mr. Shahid

AN5972505

Pakistani

House No. 138-A, 16th

Enterprises

Rashid Soorty

Street, Phase-8, DHA,

(Pvt) Limited

Karachi, Pakistan

Mrs. Nargis

BV5974954

Pakistani

House No. 138-A, 16th

Shahid Soorty

Street, Phase-8, DHA,

Karachi, Pakistan

Mr. Asad Shahid

BW5978204

Pakistani

House No. 138-A, 16th

Soorty

Street, Phase-8, DHA,

Karachi, Pakistan

Master

Mr. Nadeem

42301-

Pakistani

House no. 75, Khayaban

Group of

Malik

8656497-9

e Shaheen, DHA Phase 6,

Industries

Karachi, Pakistan

(Procon

Engineering

(Private) Ltd)

Mr. Najeeb

35201-

Pakistani

House no 321-K,

Malik

3088787-3

Defence Housing

Authority Phase 2,

Lahore, Pakistan

Mr. Arman

35201-

Pakistani

House no 321-K,

Malik

3323734-9

Defence Housing

Authority Phase 2,

Lahore, Pakistan

Ms. Natalia

35201-

Pakistani

House no 321-K,

Malik

0505387-6

Defence Housing

Authority Phase 2,

Lahore, Pakistan

Mrs. Jamshed

42301-

Pakistani

House no 126-Y,

Malik

1432379-2

Defence Housing

Authority Phase 3,

Lahore, Pakistan

Mr. Shahzad

35201-

Pakistani

House no 126-Y,

Malik

9295415-7

Defence Housing

Authority Phase 3,

Lahore, Pakistan

  1. Detail of companies located in and outside Pakistan, where the ultimate acquirer or the ultimate controlling shareholder held control and or more than thirty percent voting shares: -

Company

Name of

Registrati

Nature

Nature of

Jurisdict

Description

Company

on

(listed/unlis

business

ion of

held

Number

ted/ Private

incorpor

control/mo

ation

re than

thirty %

shares or

both

6

Liberty Mills

Liberty Thar Power

0098271

Unlisted

Power

Pakistan

50%

Limited (100%

(Private) Limited

Generation

holding

Meragram Hydro

0113250

Unlisted

Non-

Pakistan

80%

company of

Power (Private)

operational

Liberty Power

Limited

Holding

National Resources

0129702

Unlisted

Under

Pakistan

33%

(Private)

(Pvt.) Limited

development

Limited)

Liberty Wind

0092877

Unlisted

Power

Pakistan

100%

Power 1 Limited

Generation

Liberty Wind

0092876

Unlisted

Power

Pakistan

100%

Power 2 Limited

Generation

Liberty Power Tech

0062901

Unlisted

Power

Pakistan

29%

Limited

Generation

Zain Ashraf

Liberty Solar

094571

Unlisted

Non-

Pakistan

98.51%

Mukaty

Energy Limited

operational

Innovatex 1888

0190170

Unlisted

Non-

Pakistan

50.00%

(Private) Limited

operational

Infinity Metals

0201652

Unlisted

Non-

Pakistan

75.00%

(Private) Limited

operational

Liberty Cold

0232754

Unlisted

Non-

Pakistan

99.89%

Storage 1 (Private)

operational

Limited

Liberty Cold

0233842

Unlisted

Non-

Pakistan

99.89%

Storage 2 (Private)

operational

Limited

Liberty Agriculture

0245393

Unlisted

Non-

Pakistan

99.89%

Storage (Private)

operational

Limited

Liberty Green

0245740

Unlisted

Non-

Pakistan

99.89%

Storage (Private)

operational

Limited

Muhammad

Liberty Mills

0002034

Unlisted

Operational

Pakistan

71.52%

Ashraf

Limited

Liberty Thar Power

0098271

Private

Non-

Pakistan

35.00%

(Private) Limited

operational

Innovatex 1888

0190170

Private

Non-

Pakistan

50.00%

(Private) Limited

operational

Soorty

Soorty Textiles

C-

Private

Textile

Banglades

45%

Enterprises

(BD) Limited

93045/11

Limited

manufacturin

h

(Pvt) Limited

company

g and export

Soorty

166835

Free Zone

Textile

UAE

100%

International

company

marketing and

Limited

trading

Nadeem

Master Solar

0093653

Public-

Power

Pakistan

33.33%

Malik

Energy Ltd

Unlisted

7

Master Chemicals

0014437

Public-

Manufacture

Pakistan

33.33%

Ltd

Unlisted

and Sale of

P.U Products

and Blending

of Chemicals

Master Synthetics

0044084

Private

Manufacture

Pakistan

33.33%

(Pvt.) Ltd

Foam &

Allied

Products

Procon

0018460

Private

Manufacture

Pakistan

33.33%

Engineering (Pvt.)

Automotive

Ltd

Parts &

Components

Master

0047491

Private

Auto-Mobile

Pakistan

33.33%

Motorcycles (Pvt.)

Ltd

Master

0073004

Private

Manufacture

Pakistan

33.33%

MoltyFoam (Pvt.)

Foam &

Ltd

Allied

Products

Fuso Master

0072873

Private

Auto-Mobile

Pakistan

33.33%

Motors (Pvt.) Ltd

Master Motor

0043991

Private

Auto-Mobile

Pakistan

33.33%

Corporation (Pvt.)

Ltd

Dura Industries

152-MIR-

Private

Manufacture

Azad

33.33%

(Pvt.) Ltd

2002

Foam &

Jammu

Allied

and

Products

Kashmir

Foamco (Pvt.) Ltd

891-MPR-

Private

Manufacture

Azad

33.33%

2016

Foam &

Jammu

Allied

and

Products

Kashmir

Mascon (Pvt.) Ltd

0100988

Private

Real Estate-

Pakistan

33.33%

Construction

Affinity Capital

0104390

Private

Investment

Pakistan

33.33%

(Pvt.) Ltd

Company

Master (Pvt.) Ltd

0017733

Private

Manufacture

Pakistan

33.29%

Foam &

Allied

Products

8

Foton Pakistan

0108173

Private

Auto-Mobile

Pakistan

34.00%

(Pvt.) Ltd

Master Hydro

0110719

Private

Power

Pakistan

33.33%

(Pvt.) Ltd

Celeste Home

0096544

Private

Manufacturer

Pakistan

33.00%

Fashion (Pvt.) Ltd

/Retailer of

Furniture

Aqua Hydro (Pvt.)

0110198

Private

Power

Pakistan

33.33%

Ltd

Master Motor

0083077

Private

Auto-Mobile

Pakistan

33.33%

Company (Pvt.)

Ltd

Jamshed Wind

0116023

Private

Power

Pakistan

33.33%

Energy (Pvt.) Ltd

Master Celeste

0037361

Private

Manufacture

Pakistan

33.43%

(Pvt.) Ltd

Foam &

Allied

Products

Foton Master

0078353

Private

Auto-Mobile

Pakistan

50.00%

Motors (Pvt.) Ltd

Nadeem Malik

0078295

Private

Investment

Pakistan

99.00%

Holdings (Pvt.)

Company

Ltd

Master Tractors

0052374

Private

Auto-Mobile

Pakistan

33.33%

(Pvt.) Ltd

Master Motor

0052459

Private

Auto-Mobile

Pakistan

33.33%

Cars (Pvt.) Ltd

International

0081473

Private

Retailer of

Pakistan

33.33%

Interior (Pvt.) Ltd

Home/Office

Furniture &

Furnishing

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Engro Powergen Qadirpur Limited published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 12:09:35 UTC.