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Extension for holding of annual general meeting of Sui Southern Gas Company Limited

Karachi: Sui Southern Gas Company Limited informed Karachi Stock Exchange about extension in holding of annual general meeting for the calendar year 2013 and 2014 beyond the dates directed by the SECP on November 16, 2015. The company has submitted that the aforementioned direction of the SECP cannot be followed due to grievances of the company regarding tariff and being sub-juidice Sindh High Court. The new direction from the SECP in term of provisions of section 170 of the company ordinance 1984 for holding its annual general meeting for the calendar year 2013 and 2014 immediately after the matter has been resolved and no legal impediment exists in holding of aforesaid overdue annual general meeting.

Sui Southern Gas Company is an integrated gas company operating in Pakistan. The company is engaged in the business of transmission and distribution of natural gas besides construction of high pressure transmission and low pressure distribution systems. The company’s transmission system extends from Sui in Balochistan to Karachi in Sindh comprising over 3,220 KM of high pressure pipeline ranging from 12 – 24″ in diameter. The distribution activities covering over 1200 towns in Sindh and Balochistan are organized through the regional offices of the company. The company also owns and operates gas meter manufacturing plant in the country which has an annual production capacity of over 750,000 meters. The Government owns the majority of the shares which is presently over 70%. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol “SSGC” is being used by the stock exchanges for the shares of Sui Southern Gas Company.

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