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Philip Morris has formally announced its voluntary delisting from the Pakistan Stock Exchange (PSX), following a strategic share buyback that concentrated nearly all ownership in the hands of its parent companies.
In an official notice to the Chief Listing Officer of PSX, Philip Morris Pakistan confirmed that its sponsors, Philip Morris Investments B.V. and Philip Morris Brands SARL, now hold 98% of the company’s shares after completing the buyback program.
As a result, minority shareholders retain just 2% equity in the company.
The tobacco giant provided a detailed breakdown of its shareholding structure across three critical phases: pre-buyback, during the buyback period, and post-buyback. The data reflects how ownership gradually consolidated under the parent companies, setting the stage for the voluntary delisting.
Philip Morris Pakistan emphasized that the decision aligns with its long-term strategy to streamline operations and optimize corporate structure. The delisting will formally end its presence on the Pakistan Stock Exchange, where it has been a listed entity for years.
