AGP Limited has formally announced a share buyback program under the Listed Companies (Buy-Back of Shares) Regulations, 2019, aiming to repurchase up to 5.6 million ordinary shares, representing approximately 2% of its issued and paid-up share capital. The company disclosed the development through a public announcement submitted to the Pakistan Stock Exchange (PSX).
According to the announcement, the repurchased shares will be held as treasury shares. AGP stated that the initiative is intended to improve shareholder value and support capital optimization efforts. The effective date of the purchase is April 30, 2026.
The buyback program commenced on April 22, 2026, and will remain in effect until October 18, 2026, or until the targeted number of shares has been acquired, whichever occurs earlier. The transaction will be carried out through the Pakistan Stock Exchange.
Muhammad Asad Khan, Company Secretary of AGP Limited, has been designated as the authorized officer for the buyback process, while Fayyaz Iqbal, Deputy General Manager Finance, will serve as the contact person for shareholder queries and complaints related to the purchase.
The company also confirmed that all eligible shareholders, except those restricted under Regulation 12(2) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, will be entitled to participate in the buyback, even if their names do not appear on the members’ register of the purchasing company.
The announcement was published in both English and Urdu newspapers as part of the regulatory requirements, ensuring broad dissemination of information to shareholders and the investing public. AGP’s buyback initiative reflects management’s confidence in the company’s financial position and its commitment to enhancing long-term shareholder returns.
