Public Call Announcement for Identifying Share Purchase Applicants
Iranian Car Manufacturing Company (SAIPA) a member of the SAIPA Automotive Group
Following Article 28 of the Corporate Governance Directive and Clause (2), Paragraph (b), Article (5) of the Seventh Development Plan Law, the following companies-SAIPA Investment Group (Public Joint Stock), Rena Industrial Group Investment (Public Joint Stock), SAIPA Staff Investment Group (Public Joint Stock), Nivan Ebtekar Industrial Development and Investment (Public Joint Stock), and SAIPA Automotive Industries Research and Innovation Center (Public Joint Stock)-intend to collectively and simultaneously sell approximately 42% of the shares of the Iranian Car Manufacturing Company (SAIPA) - Public Joint Stock, either on their behalf or by proxy, to qualified individuals or legal entities in a block deal by the relevant laws and regulations.
Interested applicants can express their readiness to purchase and complete the required forms and documents by visiting the Economic Deputy of SAIPA Company located at "Kilometer 15, Karaj Special Road (Lashgari EXPW) - SAIPA Company" within 15 days from the date of this announcement's publication.
Additional Terms:
- The base price, terms of the offering, and share transfer conditions will be announced to applicants through the Securities and Exchange Organization after the completion of the legal process.
- The mentioned share transfer will only be executed after the eligibility and qualification of applicants are confirmed by the legal authorities.
- This announcement does not confer any rights or claims upon the applicants.
- Submission of forms will only be accepted through the method defined in this announcement.For more information, visit the website:
SAIPA Investment Group (Public Joint Stock Company)
- Rena Industrial Group Investment (Public Joint Stock Company)
- SAIPA Staff Investment Group (Public Joint Stock Company)
- Nivan Ebtekar Investment and Industrial Development (Public Joint Stock Company)