Kohat Cement Company Limited Executes Buy-Back of Own Shares Following Extraordinary General Meeting

Karachi, Kohat Cement Company Limited has successfully completed the buy-back of its own shares in accordance with the special resolutions passed during its Extraordinary General Meeting held on February 21, 2023.

On May 10, 2023, the company purchased a total of 29,919 shares through the Pakistan Stock Exchange Limited. The buy-back was conducted at an average price of PKR 149.85 per share.

By repurchasing its own shares, Kohat Cement Company Limited demonstrates its belief in the long-term prospects of the business and signals its dedication to creating value for shareholders. This move showcases the company’s proactive approach to capital management and its focus on maximizing returns.

The buy-back transaction has been executed in compliance with applicable regulations and guidelines set by the Pakistan Stock Exchange Limited, ensuring transparency and fairness in the market.