Karachi: JS Investments Limited (JSIL) has announced an Extraordinary General Meeting (EGM) set for October 14, 2024, to discuss a significant share buyback proposal. The meeting will take place at 10:30 AM on the 15th floor of The Centre, Plot No. 28-SB-5, Abdullah Haroon Road, Saddar, Karachi, and will also be accessible via Zoom video-conferencing.

According to information available from the Pakistan Stock Exchange (PSX), this strategic move involves the potential repurchase of up to 4,630,000 ordinary shares of the company at the price of Rs. 10 per share. This proposal aligns with the Company's aims to enhance shareholder value under the framework established by the Companies Act, 2017, and the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The meeting will include a review and potential approval of the buyback transaction detailed in the notice provided to shareholders and published in notable publications including "The News" and "Daily Jang" on September 23, 2024. This notice outlined the specifics of the transaction and invited all shareholders to partake in the decision-making process.

Further details and documents concerning the EGM and the share buyback proposal are available on the company’s official website, allowing shareholders to fully prepare for the upcoming meeting.