⚡ Flash Summary
Pakgen Power Limited’s shareholders approved a special resolution in an Extra Ordinary General Meeting (EOGM) held on November 20, 2025. The resolution authorizes the company to buy back up to 185,000,000 of its issued ordinary shares, representing 49.72% of the total outstanding shares, through the Pakistan Stock Exchange. The buy-back period is set from November 28, 2025, to May 15, 2026, or until the purchase is complete, whichever is earlier. Shares purchased will be canceled, and the Company Secretary is authorized to take necessary actions to implement the buy-back.
📌 Key Takeaways
- ✅ Shareholders approved the buy-back of shares at EOGM on November 20, 2025.
- 🏢 Company is authorized to buy back up to 185,000,000 ordinary shares.
- 📈 This represents 49.72% of total outstanding shares.
- 🇵🇰 Buy-back will be executed through Pakistan Stock Exchange Limited.
- 🗓️ Buy-back period: November 28, 2025, to May 15, 2026 (or until completion).
- 💰 Shares have a face value of Rs. 10 each.
- 🗑️ Purchased shares will be cancelled as per regulations.
- 🔑 Company Secretary is the Authorized Officer for the buy-back.
- 📜 Actions related to the buy-back are binding deeds of the Company.
- ⚖️ Special Resolution is subject to amendments directed by the Commission.
- 📍 EOGM held at Emporium Mall, Lahore at 11:30 A.M.
🎯 Investment Thesis
A ‘BUY’ recommendation is given based on the company’s decision to execute a significant share buy-back, indicating financial strength and confidence in future performance. The buy-back is expected to positively influence EPS and ROE, enhancing shareholder value. The price target is based on an anticipated increase in EPS due to the reduced share count, combined with a conservative price-to-earnings (P/E) multiple of 8x. The time horizon is set for medium-term (6-12 months), considering the buy-back execution period.
Disclaimer: AI-generated analysis. Not financial advice.