Ghani Gases Limited’s notice to all members

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Karachi: This refers to the agenda item # 04 of the Annual General Meeting being held on October 29, 2011 in respect of election of directors of the Company and to increase the remuneration of Chief Executive Officer and two other working directors, the following are enclosed for your information:

1. Notice to be published in newspapers.

2. Notice/ information being dispatched to the shareholders.

Notice to the Shareholders

In pursuance to Section 178 (4) of the Companies Ordinance 1984, members of the Company are hereby notified that the following persons Call existing directors of the Company) have filed with the Company notices of their Intentions to offer themselves for election as directors of the Company at the forthcoming Annual General Meeting to be held on October 29, 2011 at 11.00 AM at Hotel Sunfort, Liberty Market, Gulberg, Lahore:

1. Mr. Masroor Ahmad Khan
2. Mr. Atique Ahmad Khan
3. Hafiz Farooq Ahmad
4. Mrs. Tahira Naheed
5. Mrs. Ayesha Masrooj
6. Mrs. Rabia Atique
7. Mrs. Saira Farooq

Since the numbers of persons who have offered themselves to be elected are the same as fixed by the Board of Directors u/s 178(1) of the Companies Ordinance 1984, the above named seven persons shall be deemed to be elected as directors of the Company at the forthcoming Annual General Meeting.

Note: Information Under Section 218(2) of the Companies Ordinance 1984 regarding increase in remuneration of thief executive officer and other two working directors are being dispatched to the members along with this notice.

Election of Directors in pursuance to Section 178 (4) of the Companies Ordinance 1984, members of the Company are hereby notified that the following persons (all existing directors of the Company) have filed with the Company notices of their intentions to offer themselves for election as directors of the Company at the forthcoming Annual General Meeting to be held on October 29, 2011 at 11.00 AM at Hotel Sunfort, Liberty Market, Gulberg, Lahore:

1. Mr. Masroor Ahmad Khan
2. Mr. Atique Ahmad Khan
3. Hafiz Farooq Ahmad
4. Mrs. Tahira Naheed
5. Mrs. Ayesha Masrooj
6. Mrs. Rabia Atique
7. Mrs. Saira Farooq

Since the numbers of persons who have offered themselves to be elected are the same as fixed by the Board of Directors u/s 178(1) of the Companies Ordinance 1984, the above named seven persons shall be deemed to be elected as directors of the Company at the forthcoming Annual General Meeting.

2. Information tinder Section 218(2) of the Companies Ordinance 1904. In pursuance to Section 218 of the Companies Ordinance 1964, the members of the Company are informed that the Board of Directors has revised the remuneration of Mr. Atique Ahmad Khan chief executive officer, Mr. Masroor Ahmad Khan working director/chairman and Mr. Hafiz Farooq Ahmad working director from Ra. 400,000/- per month each to Rs. 500,000/- per month each with effect from 01-07-2011. There is no change in other terms and conditions for appointment of Chief Executive Officer and other two Working Directors.

It is further proposed by the Board of Directors that during the next tenure of the board of directors starting from 31-10-2011, the annual increase in remuneration of the chief executive officer and working directors would be decided by the Board of Directors in accordance with the Company’s policy.

For more information, contact:
Farzand Ali
Company Secretary
Ghani Gases Limited
82-N, Model Town Ext.,
Lahore 54000,
Pakistan.
Tel: +92-42-35181424-5
Fax: +92-42-35160393
Email: info@ghaniglobal.com
Web: www.ghaniglobal.com