NETSOL approves buyback of 10m shares

MG News | December 06, 2024 at 04:00 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 06, 2024 (MLN): The members of NETSOL Technologies Limited (PSX: NETSOL) have resolved to purchase / buyback up to 10 million ordinary shares.

The buy-back will be executed at the spot share price during the purchase period through the Pakistan Stock Exchange (PSX).

The members further resolved that these ordinary shares would be held as treasury shares.

The purchase/buy-back will be conducted through the securities exchange (i.e., Pakistan Stock Exchange) during the period from January 3, 2025, to June 29, 2025 (both days inclusive) or until the buy-back is completed, whichever comes earlier.

Additionally, the sale of 2m ordinary shares currently held as treasury shares was authorized for allotment to eligible employees of the company.

To recall, both these agendas were approved by the board on November 25, 2024.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,933.76 267.44M	1.61% 2850.54
ALLSHR	108,360.07 671.29M	1.29% 1374.83
KSE30	53,776.64 131.16M	1.78% 940.33
KMI30	253,280.56 107.02M	1.55% 3877.95
KMIALLSHR	69,460.97 333.85M	1.21% 831.50
BKTi	51,771.65 66.43M	2.34% 1186.08
OGTi	34,777.74 7.59M	0.97% 333.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,380.00	64,805.00 64,140.00	-105.00 -0.16%
BRENT CRUDE	80.62	80.68 78.11	1.26 1.59%
RICHARDS BAY COAL MONTHLY	107.75	0.00 0.00	1.75 1.65%
ROTTERDAM COAL MONTHLY	116.50	116.50 116.50	-1.40 -1.19%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	76.38	76.43 74.24	0.61 0.81%
SUGAR #11 WORLD	15.18	15.28 15.06	0.14 0.93%