MLCF completes share repurchase program

In a notification sent to PSX on 16/04/2024, Maple Leaf Cement Factory (MLCF) has announced that it completed the share buyback as planned.

The company has purchased an aggregate of 25,783,624 issued and paid-up ordinary shares during the purchase period for cancellation purposes, representing 2.40% of the issued ordinary and paid-up share capital of the Company at the spot / current share price(s) prevailing during the period from Pakistan Stock Exchange Limited, out of the approved quantum of the purchase/buy-back of 100,000,000 ordinary shares of the Company in the Annual General meeting held on October 19, 2023.

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The shares of MLCF were last trading at Rs.37.17 today.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →