NETSOL buybacks 250,000 shares to improve EPS

MG News | May 19, 2022 at 03:31 PM GMT+05:00

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May 19, 2022 (MLN): NetSol Technologies Limited on Thursday announced a buyback of 175,000 ordinary shares of the company in today's trading session of the Pakistan Stock Exchange (PSX) to improve the earnings per share (EPS) and future dividend of the company.

Yesterday, the company had purchased 75,000 ordinary shares of the company, bringing it to 250,000 in two days.

Last week, in an extraordinary general meeting, the members of NetSol had passed the special resolution that the company has been accorded to buyback of its own 2 million issued ordinary shares, having a face value of Rs10 each at spot/current price during the purchase period through PSX.

According to the notice, the purchase period commences from May 18, 2022, to August 08, 2022 (both days inclusive).

Currently, the stock is trading at Rs89, down by Rs1.41 or 1.56% DoD.

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