β‘ Flash Summary
Pakgen Power Limited (PKGP) has announced a buy-back of its shares in accordance with the Listed Companies (Buy-Back of Shares) Regulations, 2019. The company intends to purchase up to 185,000,000 ordinary shares, representing 49.72% of the total outstanding shares. This buy-back is for the purpose of cancellation of shares. The buy-back period will commence on November 28, 2025, and will continue until May 15, 2026, or until the purchase is complete, whichever is earlier.
π Key Takeaways
- π’ Pakgen Power Limited (PKGP) announces share buy-back.
- π Buy-back announcement dated November 20, 2025.
- π Compliant with Listed Companies (Buy-Back of Shares) Regulations, 2019.
- π― Purpose: Cancellation of shares.
- π° Buy-back of up to 185,000,000 ordinary shares.
- π Represents 49.72% of total outstanding shares.
- ποΈ Buy-back period: November 28, 2025 to May 15, 2026.
- π’ Registered office: Nishat House, 53-A, Lawrence Road, Lahore.
- π¦ Securities Exchange: Pakistan Stock Exchange Limited.
- π€ Authorized officer: Khalid Mahmood Chohan, Company Secretary.
- π Contact: +92 42 111 11 33 33.
- π§ Email: khalidchohan@pakgenpower.com.
- π€ Contact person for queries: Mr. Tanvir Khalid, CFO.
- π Contact: +92 42 35717091-96.
- π§ Email: tanvir@nishatpower.com.
π― Investment Thesis
A BUY recommendation is appropriate due to the potential for increased EPS and positive market sentiment following the buy-back. Price target: To be determined based on further financial analysis. Time horizon: Medium term (6-12 months).
Disclaimer: AI-generated analysis. Not financial advice.