⚡ Flash Summary
Ghani Global Glass Limited (GGGL) executed a buy-back of 1,217,685 ordinary shares between April 21, 2025, and October 9, 2025. The shares were purchased through the Pakistan Stock Exchange at prevailing spot prices, not exceeding Rs. 12.00 per share. The average purchase price was Rs. 8.93 per share, with a total expenditure of Rs. 10,879,786. This buy-back was conducted in accordance with the Buy-Back of Shares Regulations, 2019.
📌 Key Takeaways
- 📅 Buy-back period: April 21, 2025 – October 09, 2025.
- 💰 Total shares bought back: 1,217,685 ordinary shares.
- 🏢 Exchange: Pakistan Stock Exchange.
- 💲 Maximum purchase price: Rs. 12.00 per share.
- ⚖️ Average purchase price: Rs. 8.93 per share.
- 💸 Total expenditure: Rs. 10,879,786.
- 🧾 Payment method: Through cheque via broker.
- 🗓️ Board approval date: February 28, 2025.
- 🤝 General meeting approval: April 12, 2025.
- 📢 Public announcement date: April 15, 2025.
- ✅ Shares tendered for sale: Not applicable.
- treasury shares: 1,217,685 shares
- 🚫 Shares cancelled: Not applicable.
🎯 Investment Thesis
HOLD. The buy-back of shares provides some support to the stock price. However, a comprehensive financial analysis is needed to assess the overall impact on shareholder value. A more definitive recommendation would require reviewing the company’s financial statements and comparing it with its peers. Without comprehensive financials a 12-month price target cannot be computed.
Disclaimer: AI-generated analysis. Not financial advice.