Lucky Cement Limited Executes Buy-Back of Shares, Acquiring 226,873 Shares at a Weighted Average Price of PKR 565.08

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Lahore, Lucky Cement Limited, a prominent name in the cement industry, has successfully executed the purchase (buy-back) of its own shares in accordance with the Special Resolution passed during the Extraordinary General Meeting held on May 24, 2023.

In compliance with Regulation 6(e) of Listed Companies (Buy-Back of Shares) Regulations, 2019, the company has disclosed the following details of the share buy-back transaction:

PSX Trading Session: October 02, 2023

Number of shares acquired: 226,873

Weighted Average Price per share (PKR): 565.08

This buy-back of shares signifies the company’s commitment to enhancing shareholder value and optimizing its capital structure. Lucky Cement Limited continues to be a frontrunner in the cement industry, focusing on sustainable growth and delivering value to its stakeholders.

The company remains dedicated to its mission of excellence and innovation in the cement sector, with this strategic move being a testament to its financial prudence and long-term vision. Shareholders and investors can anticipate continued positive developments from Lucky Cement Limited as it navigates the evolving landscape of the construction materials industry.

The post Lucky Cement Limited Executes Buy-Back of Shares, Acquiring 226,873 Shares at a Weighted Average Price of PKR 565.08 appeared first on Pakistan Company News.