Lucky Cement Limited Successfully Completes Buy-Back of Shares as per EGM Resolution.

Karachi -- In a strategic move in line with the decisions made during the Extraordinary General Meeting held on May 24, 2023, Lucky Cement Limited has successfully completed the buy-back of its own shares. This development comes in compliance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.

During the PSX trading session on September 27, 2023, Lucky Cement Limited repurchased a total of 132,453 shares at a weighted average price of PKR 560.00 per share. This buy-back initiative is part of the company's efforts to optimize its capital structure and enhance shareholder value.

The decision to repurchase shares was taken following careful consideration of the company's financial position and the belief in its long-term growth prospects. The Extraordinary General Meeting held earlier in the year granted the necessary approvals for this strategic move.

...