SCL extends share buy-back window for shareholders
MG News | July 21, 2026 at 04:37 PM GMT+05:00
July 21, 2026 (MLN): Shield Corporation Limited (PSX:SCL) has
extended the buy-back period for the purchase of shares from its remaining shareholders to July 16, 2027, at a price of Rs750 per share, as part
of the company's voluntary delisting from the Pakistan Stock Exchange (PSX).
The company informed shareholders that the initial
buy-back period, during which sponsors/majority shareholders were purchasing
shares, had already expired on July 16, 2026.
Minority shareholders who could not avail the earlier
opportunity and wish to sell their shares have been asked to approach the
company's authorized Purchase Agent, Arif Habib Limited.
The Purchase Agent, along with the sponsors/majority
shareholders, has submitted an undertaking to the Exchange for the purchase of
the remaining shares at the approved price for the extended period.
Physical shareholders have been directed to approach CDC
Register Services Limited to convert their physical shares into book-entry
form, in line with SECP S.R.O. 328(I)/2026, and subsequently transfer their
shares to the designated account, submitting the CDC outgoing report along with
a copy of their CNIC either through registered mail, courier, or by personally
delivering the documents to Arif Habib Limited.
The aforementioned information was
disseminated through a notification to Exchange.
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