NETSOL buybacks 75,000 shares through PSX

MG News | May 18, 2022 at 11:24 PM GMT+05:00

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May 18, 2022 (MLN): NetSol Technologies Limited has purchased 75,000 ordinary shares of the company in today's trading session of the Pakistan Stock Exchange (PSX), the company's filing on the bourse said.

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).

The said purchase will improve the earnings per share (EPS) and future dividend of the company, it added.

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