NETSOL recommends buyback of up to 4 million shares and calls EOGM
Share BuybackNETSOL’s board recommended that shareholders approve a buyback of up to 4 million ordinary shares, approximately 4.45% of issued and paid-up capital, for treasury purposes. The buyback would be conducted at prevailing spot prices using distributable profits from December 11, 2026 to June 1, 2027, or until completed, whichever is earlier. Shareholder approval is to be sought at an EOGM in Lahore on December 3, 2026.
Key Findings
- The board recommended a buyback of up to 4 million ordinary shares, approximately 4.45% of issued and paid-up capital, subject to shareholder approval.
- The shares are intended to be held as treasury shares and purchased at prevailing spot prices.
- The proposed purchase period is December 11, 2026 to June 1, 2027, or until the buyback is completed, whichever is earlier.
- The buyback is to be funded from distributable profits.
- An EOGM is scheduled for December 3, 2026 at 11:00 AM in Lahore. The share transfer book will be closed from November 27 through December 3, 2026.
Corporate Action Details
Action
Share buyback; shareholder approval sought at EOGM
Percentage
4.45%
Book closure
27/11/2026 to 03/12/2026
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.