KARACHI, April 10 – The Pakistan Stock Exchange has set a minimum buy-back price of Rs750 per share for the proposed voluntary delisting of Shield Corporation Limited, significantly higher than the sponsor’s initial offer, according to a notification issued on Friday.
The exchange said its Voluntary Delisting Committee (VDC) reviewed the application and held detailed discussions with representatives of the company’s sponsors before arriving at the revised price, compared with the earlier offer of Rs465.17 per share.
Under PSX regulations, the sponsors are required to communicate their acceptance of the determined buy-back price within 10 days. The delisting process will proceed only after the sponsors’ acceptance and fulfillment of all regulatory requirements.
Market participants said the higher price aims to safeguard the interests of minority shareholders, ensuring they receive fair value for their holdings in the event of delisting.
The move follows a decision by the company’s board of directors in November 2025 to pursue voluntary delisting from the stock exchange. The board had authorized sponsors to repurchase shares from minority investors at a price to be determined under applicable rules or by the exchange or the Securities and Exchange Commission of Pakistan.
Analysts noted that voluntary delistings typically occur when companies seek to restructure operations, reduce regulatory compliance costs or consolidate ownership.
The final outcome will depend on whether the sponsors accept the revised buy-back price set by the PSX, which could determine the timeline and completion of the delisting process.