Lahore February 6 2023: The Board of Directors of Kohinoor Textile Mills Limited in its meeting held on February 06, 2023, today, has accorded approval to the Company, subject to approval of shareholders by way of Special Resolution, in order to purchase/buy-back of its own shares through Pakistan Stock Exchange Limited upto a maximum of 30,000 000 (Thirty Million).
The purchase/buy-back of its own shares constituting 10.023% of the issued ordinary shares of the face value of PKR 10/- (Rupees Ten) each at the spot/current share price prevailing during the purchase period in cash and out of distributable profits of the company.
Company will purchase shares from March 13, 2023 to August 29, 2023 or if the buy-back by the company is completed before August 29, 2023, the purchase period shall end on that date.
