T

Glossary · PSX term

Treasury shares.

Treasury shares are a company's own shares that it has bought back and holds rather than cancelled.

Definition

Treasury shares do not receive dividends or carry voting rights while held by the company, and they sit outside the public free float. They can later be reissued or cancelled depending on company plans and regulations.

Worked example

After a buyback, the 50 million repurchased shares a company keeps on its books are treasury shares.

Related on PSX Clarity

Shares outstanding

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