Pakistan Stock Exchange (PSX) has approved the voluntary delisting of Philip Morris (Pakistan) Limited, effective Monday, October 6, 2025. The decision was made under PSX Regulation No. 5.14 and Section 19(5) of the Securities Act, 2015.
The PSX shared this information through a notice on Friday.
“It is hereby informed to all concerned that Pakistan Stock Exchange, in exercise of the powers vested in it in terms of PSX Regulation No.5.14 and Section 19(5) of the Securities Act 2015, has accepted the request for Voluntary Delisting of Philip Morris (Pakistan) Limited and has decided to delist the Company from the Exchange with effect from Monday, October 06, 2025,” read the PSX notice.
It further added that shareholders wishing to sell their remaining shares can do so through Topline Securities Limited, the company’s designated purchase agent. The sponsors have committed to buy back shares at PKR 1,300 per share, with the offer valid until September 29, 2026.
Key timelines for the delisting and buyback process include: the initial buyback period from August 1, 2025, to September 29, 2025; completion of delisting requirements on September 30, 2025; and official delisting from the PSX on October 6, 2025.
The delisting allows the company to streamline its ownership structure, while providing minority shareholders the opportunity to exit through the buyback arrangement.
Last month, Philip Morris (Pakistan) Limited notified the PSX of its decision to voluntarily de-list following a strategic share buyback. In a communication to the PSX Chief Listing Officer, the company said its sponsors, Philip Morris Investments B.V. and Philip Morris Brands SARL, now hold 98% of its shares while minority shareholders retain 2% of the equity.
The company also provided a breakdown of shareholding before, during, and after the buyback program, showing consolidation of ownership ahead of the de-listing decision.
