Shield Corp Share Exit Plan Signals PSX Delisting Move
Shield Corporation Limited has announced a major step toward leaving the Pakistan Stock Exchange. The company plans to buy back minority shares at Rs465.17 per share.
This Shield Corp Share Exit involves purchasing 209,598 ordinary shares. These shares represent 5.37% of the company’s paid up capital. The company submitted a formal delisting request to the PSX on Friday.
As a result, minority shareholders may soon receive a clear exit option.
Why Shield Corporation Is Leaving PSX
The company shared several reasons behind the decision. First, share trading activity has stayed very low over the past year. On average, fewer than 1,000 shares traded daily. Therefore, investors faced limited liquidity.
In addition, the company reported losses for two consecutive financial years. Dividend payments also stopped after 2021. Management believes delisting will reduce operational complexity.
As a result, leadership can focus more on core business growth. The sponsors stated that this Shield Corp Share Exit protects minority interests. They aim to offer a fair and transparent exit opportunity.
Company Profile and Market Context
Shield Corporation has operated as a public limited company since 1975. It specializes in baby care and oral hygiene products. The company serves more than 300 towns and cities nationwide. In addition, it maintains a presence across Europe, Asia, and Africa.
Shield Corporation holds an authorized capital of Rs150 million. Currently, 3.9 million shares remain issued and fully paid. Interestingly, the market price recently traded at Rs488. However, the exit price stands lower at Rs465.17 per share.
This trend reflects a broader shift in Pakistan’s equity market. Several companies have chosen delisting in recent years. For example, Philip Morris Investments exited the PSX last year. Similarly, Johnson & Phillips Pakistan also left the exchange.
