Colgate-Palmolive (Pakistan) Limited to Hold 45th Annual General Meeting on September 29, 2023

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Karachi, Colgate-Palmolive (Pakistan) Limited has officially announced the convening of its 45th Annual General Meeting. The meeting is scheduled to take place on September 29, 2023, in Karachi. In a progressive move towards inclusivity, the meeting will also be accessible through electronic means and a video link facility, allowing participants to join remotely.

During this significant gathering, several important business matters will be addressed, as follows:

1. The audited financial statements of the company for the fiscal year ending on June 30, 2023, will be presented for consideration and adoption. These financial statements will be accompanied by the Directors’ and Auditors’ reports.

2. A resolution will be made to declare the final cash dividend for the fiscal year ending June 30, 2023. The proposed dividend stands at Rs. 5.00 per share, which equates to 50%. This dividend adds to the previously paid dividends, which include the 1st interim cash dividend at Rs. 20.00 per share (200%), the issuance of fully paid bonus shares at 45%, and the 2nd interim cash dividend at Rs. 40.00 per share (400%), along with the issuance of fully paid bonus shares at 100%. These actions reflect the company’s commitment to sharing its success with its shareholders.

3. The agenda also includes the appointment of auditors and the determination of their remuneration.

The accessibility of the Annual General Meeting through electronic means and a video link facility underscores the company’s effort to adapt to changing circumstances and ensure broader participation from its stakeholders. The meeting provides a platform for shareholders to engage, deliberate, and contribute to shaping the company’s future trajectory.

As Colgate-Palmolive (Pakistan) Limited holds its 45th Annual General Meeting, the outcomes of the meeting’s resolutions will have implications for the company’s financial performance, dividend policy, and corporate governance. The engagement and decisions made during this event are likely to influence investor sentiment and the company’s ongoing relationship with its shareholders.

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