Polyplex and investor AGP HoldCo extend talks on share sale timeline
Polyplex Corporation has signed a letter agreement with investor AGP HoldCo and members of its Promoter Group to revisit timelines under a 2023 call and put option agreement and shareholders' agreement. The parties aim to finalise a formal amendment by 15 January 2027. The letter agreement does not currently change Polyplex's shareholding, board composition or control.
Why this mattersReworked put and call timelines with 24.28% shareholder AGP HoldCo leave Polyplex's future ownership structure open until the amendment, targeted by 15 January 2027, is signed.
- Letter agreement dated 6 November 2026 between Polyplex, AGP HoldCo and the Promoter Group.
- Original call and put option agreement and shareholders' agreement were dated 3 October 2023.
- Target date to finalise a formal amendment agreement is 15 January 2027.
- AGP HoldCo holds 24.28% of Polyplex shares; the Promoter Group holds 26.68% collectively.
- The investor has one nominee on Polyplex's board and on the board of its material Thai subsidiary.
- The interim CPA and SHA remain in full force pending the formal amendment.
Sources
investywise.com