⚡ Flash Summary
Pakgen Power Limited’s shareholders approved a special resolution in their Extraordinary General Meeting (EOGM) on November 20, 2025, authorizing the company to buy back up to 185,000,000 of its issued ordinary shares. This represents approximately 49.72% of the total outstanding shares. The buy-back will be executed through the Pakistan Stock Exchange Limited at a price acceptable to the company during the purchase period. The shares acquired through this buy-back will be cancelled in accordance with the Companies Act, 2017 and relevant regulations.
Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
- ✅ Shareholders approved the buy-back of shares at EOGM on November 20, 2025.
- 🏢 Buy-back authorized under Section 88 of the Companies Act, 2017.
- 💰 Up to 185,000,000 ordinary shares can be bought back.
- 📊 Represents 49.72% of the total outstanding shares.
- 🇵🇰 Buy-back to be executed through the Pakistan Stock Exchange Limited.
- 💸 Shares will be bought at spot/current price acceptable to the company.
- 🗓️ Purchase period: November 28, 2025 to May 15, 2026, or until complete.
- ✂️ Purchased shares will be cancelled.
- 🔑 Company Secretary is authorized to take necessary actions.
- 📜 Special Resolution subject to amendments by the Commission.
🎯 Investment Thesis
BUY, as the share buy-back signals confidence from the management team in the company’s future. The reduction of outstanding shares through cancellation will increase EPS and could enhance valuation multiples. Given the current price, a reasonable price target of PKR 40 per share over the next 12 months seems appropriate, based on potential EPS increase and market sentiment.
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Disclaimer: AI-generated analysis. Not financial advice.
