KARACHI (Kashmir English): Another multinational company, Philip Morris (Pakistan), has decided to delist its shares from the Pakistan Stock Exchange (PSX), following the exit of Procter & Gamble (P&G).
According to an official notice from PSX, Philip Morris (Pakistan) Limited has announced the delisting of it shares from the stock exchange.
The notice said the exchange has formally approved the delisting of Philip Morris (Pakistan) Limited. Consequently, the company’s shares will be withdrawn from trading on the stock exchange effective October 6, 2025.
The notice further said that the company’s sponsors have offered a buyback at Rs1,300 per share, which will remain valid until September 29, 2026.
Philip Morris shares
The stock exchange has advised shareholders to contact Topline Securities Limited for matters related to the buyback process.
In continuation with the delisting process, the Pakistan Stock Exchange has also shared the notifications with the Central Depository Company (CDC) and the National Clearing Company of Pakistan Limited (NCCPL).
