NetSol Technologies Limited has announced a proposed buyback of up to 4 million ordinary shares, representing approximately 4.45% of its current issued capital, subject to shareholder approval.
- The buyback is aimed at enhancing shareholder value by increasing the break-up value and earnings per share.
- The purchase period is set from December 11, 2026, to June 1, 2027, or until completion.
- Shares will be bought at the prevailing market price, with funding sourced from the company's distributable profits.
- An Extra-Ordinary General Meeting (EOGM) is scheduled for December 3, 2026, to seek shareholder approval.
- The share transfer book will be closed from November 27 to December 3, 2026, for voting purposes.