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Karachi, September 27, 2012 (PPI-OT): Enclosed please find a copy of the Notice of the 22nd Annual General Meeting to be held on October 18, 2012, which would be published in the Newspapers tomorrow.
Twenty Second Annual General Meeting
Notice is hereby given that the Twenty Second Annual General Meeting of IGI Investment Bank Limited will be held at 5-F.C.C. Ground Floor, Syed Maratib Ali Road, Gulberg, Lahore, on October 18, 2012 at 10:00 a.m. to transact the following business:
Ordinary Business:
1. To confirm the minutes of Annual General Meeting of the Company held on October 21, 2011.
2. To receive and adopt the audited accounts for the year ended June 30, 2012 together with the directors’ report to the shareholders and auditors’ report thereon.
3. To appoint auditors and to fix their remuneration. M/S. Ford Rhodes Sidat Hyder and Co. chartered Accountants, retiring and being eligible, offer themselves for appointment as auditors of the company.
4. To elect directors in accordance with the provisions of section 178 of the Companies Ordinance. 1984 for a term of three years commencing November 10, 2012.
As resolved by the Board Resolution dated September 10, 2012, the number of directors on the board would continue to be seven as at present.
The current Directors of the Company will retire on November 9, 2012. The retiring directors, namely Syed Babar Ali, Mr. Khalid Yacob, Mr. Arif Faruque, Mr. Towfiq Habib Chinoy, Mr. Farid Khan, Mr. Jalees Ahmed Siddiqi and Tariq Hasan Qureshi, being eligible, have notified their intention to offer themselves for re-election as Directors for a fresh term of three years commencing November 10, 2012.
6. To transact any other business with the permission of the Chair.
Notes:
1. Any person who seeks to contest the election of directors shall file with the company at its registered office, not later than fourteen days before the day of the above said meeting, his/her intention to offer himself/herself for the election of directors in terms of section 178 (3) of the Companies Ordinance, 1984 together with the following:
(a) consent in form 28;
(b) a declaration with consent to act as directors in the prescribed form, under the code of Corporate Governance, to the effect that he/she is aware of duties and powers of directors under the Companies Ordinance, 1984, the Memorandum and Articles of Association of the company and the listing regulation of the Karachi, Lahore and Islamabad Stock Exchanges and has read the relevant provisions contained therein; and
(c) a declaration in terms of the Code of Corporate Governance to the effect that he/ she is not serving as a director of more than seven listed companies, that his/her name is borne on the register of national tax payers (except where he/she is a non-resident), that he/she has not been convicted by a court of competent jurisdiction as defaulter in payment of any loan to a banking company, a development financial institution or a non-banking financial institution.
2. The share transfer books of the company will remain closed from October 11, 2012 to October 18, 2012 (both days inclusive).
3. A member entitled to attend and vote at the meeting may appoint a proxy. A proxy need not be a member of the company.
4. Duly completed form of proxy must be received at the Registered Office of the company not later than forty-eight hours before the time appointed for the Meeting.
5. Shareholders are requested to notify any changes in their addresses immediately.
6. Account holders and sub-account holders holding book entry securities of the Company in the Central Depository Company of Pakistan Limited, who wish to attend the Annual General Meeting, are requested to bring original Computerized National identity Cards with copies thereof duly attested by their bankers for identification purposes.
7. Form of proxy is attached to this notice.
For more information, contact:
Sher Afghan Hidayatullah
Company Secretary
IGI Investment Bank Limited
7th Floor, The Fortune, Suite No. 701-713,
G,-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi- 75600, Pakistan.
Tel: 111 234 234
Fax: 111 567 567