LOLC Finance PLC has unveiled a major share repurchase plan targeting over 3.5 billion shares, as part of a strategy to enhance shareholder value and manage capital more efficiently.

In an official announcement made under CSE Listing Rule 7.10.1(d), the company disclosed that its Board of Directors approved the buyback on 9th June 2025. The repurchase will involve up to 3,519,065,138 shares, offered at Rs. 6.00 per share, and will take place between 30th June and 8th July 2025.

The initiative has received no-objection clearance from the Department of Supervision of Non-Bank Financial Institutions of the Central Bank, as communicated via a letter dated 29th May 2025.

The company’s Articles of Association permit share repurchases under Article 16(b), and the process will adhere to Section 64 of the Companies Act No. 7 of 2007 and all relevant CSE regulations.

LOLC Finance said the move is intended to balance capital allocation with long-term value creation for shareholders.