Philip Morris Pakistan set to de-list after buyback

MG News | September 30, 2025 at 11:25 AM GMT+05:00

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September 30, 2025 (MLN): Following a strategic share buyback that has concentrated ownership in the hands of its parent companies, Philip Morris (Pakistan) Limited has formally notified the Pakistan Stock Exchange (PSX) of its decision to voluntarily de-listing.

In an official communication to the Chief Listing Officer of PSX, the tobacco giant disclosed that its sponsors, Philip Morris Investments B.V. and Philip Morris Brands SARL, now control 98% of the company's shares following completion of the initial buyback program.

Minority shareholders retain just 2% of the equity.

The company provided detailed shareholding breakdowns across three critical phases: pre-buyback, during the buyback period, and post-buyback.

This illustrates the systematic consolidation of ownership that preceded the de-listing announcement.

Pre-Initial Buyback Period			During Initial Buyback Period			Post-Initial Buyback Period
Particulars	No. of Shares	% of shares	Particulars	No. of Shares	% of shares	Particulars	No. of Shares	% of shares
Sponsors i.e. Philip Morris Investments B.V. and Philip Morris Brands SARL	60,135,410	97.65	Shares purchased by Philip Morris Investments B.V. i.e. one of the sponsors.	213,049	0.35	Sponsors i.e. Philip Morris Investments B.V. and Philip Morris Brands SARL	60,348,459	98
Minority Shareholders	1,444,931	2.35				Minority Shareholders	1,231,882	2

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