Lahore: Pakgen Power Limited has concluded its buyback program, purchasing 179,932,988 ordinary shares out of an approved total of 185,000,000 shares. The buyback, conducted under the regulatory framework set by the Listed Companies (Buy-Back of Shares) Regulations, 2019, spanned from November 28, 2025, to May 15, 2026.

The buyback initiative was sanctioned through a special resolution at an Extraordinary General Meeting held on November 20, 2025, where shareholders approved the repurchase of the specified number of shares. This buyback period officially ended on May 15, 2026, as the company completed the acquisition of nearly 97.26% of the targeted shares. The closure of the buyback program was communicated to shareholders in advance, prior to its announcement in newspapers.

According to information available from the Pakistan Stock Exchange (PSX), this activity marks a significant move for Pakgen Power Limited within the designated market category. The repurchased shares were acquired at the prevailing spot prices during the designated period, indicating the company’s strategic move to consolidate its equity base.

The conclusion of the buyback program has been formally communicated to the TRE Certificate Holders of the Exchange, ensuring all stakeholders are informed in accordance with the regulatory requirements.