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Karachi, In a significant corporate move, Lucky Cement Limited has successfully executed a share buy-back program in accordance with the Special Resolution passed during its Extraordinary General Meeting on May 24, 2023. This regulatory compliant action reaffirms the company’s commitment to its shareholders and underscores its strategic financial management.
As per the disclosure made by the company, Lucky Cement Limited acquired a total of 139,486 of its own shares during the PSX Trading Session held on September 28, 2023. The weighted average price per share in this buy-back transaction was reported at PKR 562.08.
The buy-back of shares not only demonstrates the company’s confidence in its financial stability but also serves as a mechanism to optimize the capital structure. This action aligns with the company’s pursuit of enhancing shareholder value and maintaining effective financial flexibility.
Lucky Cement Limited’s prudent financial decision, coupled with its adherence to regulatory guidelines, signifies its dedication to responsible corporate governance. Shareholders and stakeholders alike will be keen to observe how this move impacts the company’s future growth and performance.
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