Lahore, August 18, 2026: LSE SPAC-II Limited has recommended a proposed investment of approximately PKR 180 million in M.P. Industries Limited (MPIL), subject to approval from shareholders and completion of the required corporate actions under the applicable SPAC regulations.
The decision was taken by the Board of Directors of LSE SPAC-II at its meeting held on August 17, 2026, following consideration of due diligence and other relevant information concerning MPIL.
Under the proposed transaction, LSE SPAC-II plans to subscribe to 269,000 ordinary shares of MPIL at a price of PKR 669.14 per share. The investment would give LSE SPAC-II an approximately 15% stake in MPIL’s post-issue paid-up share capital.
The proposed investment still requires shareholder approval through a special resolution. To seek this approval, the company has convened its Annual General Meeting for Saturday, September 19, 2026, at 9:30 a.m. The meeting will be held at LSE SPAC-II’s registered office, The Exchange Hub, LSE Plaza, 19-Kashmir Egerton Road, Lahore.
The company said the AGM notice, along with the Statement of Material Facts and the Information Circular required under Section 12(g) of the Public Offering Regulations, 2017, will be circulated and filed in due course.
If approved by shareholders and followed by the required regulatory and corporate actions, the transaction would make LSE SPAC-II a significant shareholder in MPIL, with a 15% post-issue holding.
The development marks the latest step in LSE SPAC-II’s evaluation of investment opportunities following its due diligence process. The final completion of the proposed investment remains subject to the required approvals and procedures.
