December 16, 2025 (MLN):  Jazz International Holding Limited has officially confirmed its intention of acquisition of shares and control of TPL Insurance Limited, replacing VEON Group Holding Company Ltd and its affiliates as the acquiring entity.

Arif Habib Limited, acting as the Manager to the Offer, submitted the addendum on behalf of Jazz International Holding Limited, according to the company's issued today.

According to the addendum, the acquisition of TPL Insurance shares and control will now proceed with Jazz International Holding Limited, in concert with Pakistan Mobile Communications Limited, under the framework of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The addendum is scheduled to be published in Business Recorder and Nawa-i-Waqt on December 17, 2025.

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