Globe Textile Mills (OE) Limited’s minutes of the board of directors meeting - AsiaNet-Pakistan

Globe Textile Mills (OE) Limited’s minutes of the board of directors meeting

[ 0 ] June 11, 2012 | Board Meetings | Share:

Karachi, June 11, 2012 (PPI-OT): The meeting of the Board of Directors of M/s Globe Textile Mills (OE) Limited (GOEM) was held on 6th June, 2012 at 10:00 a.m. at 105, Ibrahim Trade Tower, Shahrah-e-Faisal, Karachi, which was attended by the following Directors:

Present

Mr. Arif Haji Habib
Mr. Arshad Arif
Ms. Misbah Arif
Mrs. Humaira Arshad
Ms. Saman Arif

Chair

The Directors elected Mr. Arif Haji Habib to be the Chairman of the meeting. Quorum being present proceedings of the meeting was commenced on the instructions of the Chairman Notice of the meeting was taken as read. The Directors passed the following resolutions unanimously:

Resolution No. 1:

Resolved that minutes of the last meeting of the Board of Directors be hereby confirmed and adopted.

Resolution No. 2:

Resolved that physical inspection and valuation of land, building, machinery, Vehicles and furniture and fixtures report of Iqbal A. Nanjee and Co. (Pvt.) Ltd.

Resolution No. 3:

Resolved that Rs. 20.29 per share, as per the valuation report of Iqbal A. Nanjee and Co. (Pvt.) Ltd. which is subject to certification by the Auditor, be hereby approved as purchase price for the buy-back of shares from general public in connection with the delisting of the Company from Karachi Stock Exchange (Guarantee) Limited and Lahore Stock Exchange (Guarantee) Limited, subject to the approval of Exchanges.

Resolution No.4:

Resolved that Mr. Arshad Arif Director be hereby authorized to complete all the formalities in respect off delisting of the company from Karachi Stock Exchange (Guarantee) Limited and Lahore Stock Exchange (Guarantee) Limited including the filing of application and other related matters.

There being no other business, the meeting ended with a vote of thanks to the Chair.

For more information, Contact:
Arif Haji Habib
Chairman
Globe Textile Mills (OE) Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 34327534, 34327535
Fax: 34327536
E-mail: info@globeoe.com

Tags:

Category: Board Meetings

Leave a Reply

You must be logged in to post a comment.