NETSOL Technologies Limited (PSX: NETSOL) has announced its decision to repurchase up to 10 million ordinary shares, as approved by its members. The buy-back will be conducted at the spot share price through the Pakistan Stock Exchange (PSX) during the designated purchase period.

According to the company, the repurchased shares will be held as treasury shares. The buy-back process will take place between January 3, 2025, and June 29, 2025, or until the completion of the buy-back, whichever comes first.

In addition to the buy-back, the company has also authorized the sale of 2 million ordinary shares, currently held as treasury shares, for allotment to eligible employees under its employee share program.

Both initiatives were initially approved by the company’s board of directors on November 25, 2024.