Karachi, Kohat Cement Company Limited has fulfilled the requirements of Regulation 10(g) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, by successfully completing the buy-back of 5,000,000/- (Five Million) ordinary shares. The buy-back process was carried out in accordance with the approvals received from the company's members during the Extraordinary General Meeting held on February 21, 2023.
As of today, August 03, 2023, the purchase period for the buy-back stands closed, signifying the successful completion of the share repurchase program. The buy-back reflects the company's commitment to optimizing its capital structure and creating long-term value for its shareholders.
Kohat Cement's strategic decision to repurchase its own shares is expected to enhance shareholder value and reinforce the company's position in the market. The completion of the buy-back demonstrates the company's adherence to regulatory guidelines and commitment to transparent and responsible financial practices.