Lucky Cement to buy back 7.59% of its shares

MG News | May 02, 2023 at 10:02 AM GMT+05:00

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May 02, 2023 (MLN): The Board of Directors (BoD) of Lucky Cement Limited (PSX: LUCKY) has decided to recommend to the members of the company for their approval by passing special resolutions, the purchase/buy-back of up to 23.8 million or 7.59% of the issued ordinary shares.

The said number of shares will be purchased at the value of Rs10 each, in accordance with Section 88 of the Act read with the regulations, subject to, inter alia, obtaining the requisite approval from the members of the company.

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