AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Synthetic Products Enterprises Limited has exercised its authority, as granted by a Special Resolution passed by the company’s members on March 24, 2023, and in accordance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. The company has informed stakeholders about its recent share repurchase, which was conducted through the Pakistan Stock Exchange Limited.
The details of the share buy-back are as follows:
Date of Purchase: September 12, 2023
Number of Shares Purchased: 512,000
Average Price Per Share: PKR 10.93
This initiative demonstrates Synthetic Products Enterprises Limited’s commitment to optimizing its capital structure and enhancing shareholder value through the repurchase of its own shares.
The post Synthetic Products Enterprises Limited Announces Buy-Back of 512,000 Shares appeared first on Pakistan Company News.