⚡ Flash Summary

Pakgen Power Limited (PKGP) has announced an Extraordinary General Meeting (EOGM) scheduled for November 20, 2025, to seek shareholder approval for a buy-back of up to 185 million ordinary shares. This represents approximately 49.72% of the company’s total outstanding shares. The buy-back will be executed through the Pakistan Stock Exchange Limited at the prevailing spot/current share price. The purpose of the buy-back is to provide an exit opportunity for shareholders and improve the book value of the remaining shares.

📌 Key Takeaways

• 🗓️ EOGM scheduled for November 20, 2025, at 11:30 AM in Lahore.
• 💰 Proposing buy-back of up to 185 million ordinary shares.
• ⚖️ Buy-back represents 49.72% of total outstanding shares.
• 🇵🇰 Buy-back to be executed through Pakistan Stock Exchange Limited.
• 💲 Shares to be purchased at spot/current market price.
• ✅ Buy-back aims to provide exit opportunity for shareholders.
• 📈 Buy-back is expected to improve book value per share.
• 🗓️ Purchase period: November 27, 2025 to May 15, 2026.
• 📰 Public announcement in two daily newspapers.
• 💻 E-voting and postal ballot options available for shareholders.
• 🛑 Share transfer books closed from November 13-20, 2025.
• ✉️ Shareholders can attend via physical presence or Zoom.
• CNIC and CDC account details required for attending the meeting.
• Funds for buyback shall be from the Company’s own funds
• The Directors do not have personal interest in the business for the purchase / buy-back

🎯 Investment Thesis

HOLD. The proposed share buy-back is a positive sign, as it indicates confidence in the company’s financial health and a desire to increase shareholder value. However, without detailed financial information, a BUY recommendation cannot be fully justified. A hold recommendation is appropriate until further financial results are released. The impact of the buy-back on valuation is uncertain.