Karachi: JS Investments Limited has officially announced a buyback program for its shares, intending to purchase up to 4,630,000 ordinary shares, which accounts for approximately 7.5% of its total outstanding shares. The program is set to commence on October 21, 2024, and will continue until December 20, 2024, or until the buyback is completed.

According to information available from the Pakistan Stock Exchange (PSX), the shares acquired through this buyback will be held as treasury shares. This strategic move is aimed at optimizing shareholder value and adjusting the capital structure of the company.

The buyback will take place under the guidelines stipulated by the Listed Companies (Buy-Back of Shares) Regulations, 2019. Eligibility for participation extends to all valid shareholders, excluding those specified in regulation 12(2) of the regulations.

JS Investments has allocated a specific window for the purchase, ensuring transparency and adherence to regulatory standards. The buyback announcement was made public through notifications in major newspapers and is expected to attract considerable interest from current shareholders.

Shareholders looking to participate in the buyback or seeking further information can contact Muhammad Khawar Iqbal, COO and Company Secretary of JS Investments Limited, at Karachi.