Lahore: NETSOL Technologies Ltd. announced the conclusion of its share buy-back program, as the purchase period officially came to a close on June 29, 2025. This program was initially approved by the company's members during an Extraordinary General Meeting held on December 31, 2024.
The buy-back initiative saw NETSOL Technologies Ltd. acquiring a total of 2,690,251 ordinary shares. This acquisition represents approximately 2.99% of the company's issued and paid-up capital. The shares were purchased at the relevant spot prices throughout the designated purchase period, in compliance with Regulation 7(2) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.
According to information available from the Pakistan Stock Exchange (PSX), the strategic move to buy back shares was executed following the guidelines set forth in the 2019 regulations. The company's actions during the buy-back period were in line with the market category designated for NETSOL Technologies Ltd.
The announcement of the program's completion is scheduled for publication in the "Business Recorder" in English and "Daily Ausaf" in Urdu on July 01, 2025. This publication will serve to inform TRE Certificate Holders of the Exchange about the closure of the purchase period.
The buy-back program resulted in a big move in the company's share acquisition, marking a notable transaction for NETSOL Technologies Ltd. as it continues to manage its capital structure in the evolving market.