⚡ 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.
📌 Key Takeaways
- 📢 Pakgen Power Limited (PKGP) announces share buy-back.
- 📅 Buy-back announcement dated November 20, 2025.
- 📜 Compliant with Listed Companies (Buy-Back of Shares) Regulations, 2019.
- 🎯 Purpose: Cancellation of shares.
- 💰 Buy-back of up to 185,000,000 ordinary shares.
- 📊 Represents 49.72% of total outstanding shares.
- 🗓️ Buy-back period: November 28, 2025 to May 15, 2026.
- 🏢 Registered office: Nishat House, 53-A, Lawrence Road, Lahore.
- 🏦 Securities Exchange: Pakistan Stock Exchange Limited.
- 👤 Authorized officer: Khalid Mahmood Chohan, Company Secretary.
- 📞 Contact: +92 42 111 11 33 33.
- 📧 Email: khalidchohan@pakgenpower.com.
- 👤 Contact person for queries: Mr. Tanvir Khalid, CFO.
- 📞 Contact: +92 42 35717091-96.
- 📧 Email: tanvir@nishatpower.com.
🎯 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.