Regulatory Alerts2019-07-26
Added · Updated
Amendments in Listed Companies (Buy Back of Shares) Regulations, 2019
The Securities and Exchange Commission of Pakistan amends Regulation 11 of the Listed Companies (Buy-Back of Shares) Regulations, 2019, by extending the minimum lock-in period for shares bought back from six months to three years. Additionally, an explanation is inserted to clarify that the further issue of capital does not include bonus issues of shares. These changes apply to listed companies in Pakistan.
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