Karachi, In a strategic move aligned with its financial objectives, Lucky Cement Limited has successfully executed the buy-back of its own shares, as authorized by the Special Resolution passed during the Extraordinary General Meeting held on May 24, 2023. The company's adherence to the Listed Companies (Buy-Back of Shares) Regulations, 2019, is evident through this transaction.

During the trading session on August 10, 2023, Lucky Cement Limited acquired a total of 131,758 of its own shares at a weighted average price of PKR 612.45 per share. This development underscores the company's confidence in its own performance and financial stability.

The buy-back initiative is anticipated to have a multi-fold impact. Firstly, it reflects the company's commitment to enhancing shareholder value and bolstering investor confidence. By repurchasing its own shares, Lucky Cement Limited expresses its belief in the long-term prospects and sustainability of its business operations.

Furthermore, this strategic move is expected to optimize the company's capital structure, potentially improving key financial ratios and unlocking greater flexibility in financial decision-making. The buy-back also has the potential to increase earnings per share (EPS) for existing shareholders, providing an additional incentive for investment.