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Karachi, April 12, 2013 (PPI-OT): Enclosed please find the certified copies of the following resolutions passed by the shareholders in the 12th Annual General Meeting of JS Global Capital Limited (JSGCL) (‘the Company’) held on April 05, 2013 at Karachi.
1. Approval of the audited financial statements of the Company for the eighteen months period ended December 31, 2012 together with Directors’ and Auditors’ reports thereon.
2. Approval of appointment of auditors for the year ending December 31, 2013 and to fix their remuneration.
3. Approval of final cash dividend at the rate of Rs. 3/- per share (30%) for the eighteen months period ended December 31, 2012 as recommended by the Board of Directors.
4. Approval of increase in the investment limit from Rs. 20 Million to Rs. 100 million as Market Maker in the 7th TFC issue of Jahangir Siddiqui and Co. Ltd.
Certified that following Resolutions were passed by the Shareholders of JS Global Capital Limited (‘the Company’) in its 12th Annual General Meeting held on April 05, 2013 at Karachi.
Ordinary Resolutions:
1. Approval of the Audited Financial Statements of the Company for the Eighteen Months Period Ended December 31, 2012 together with Directors’ and Auditors’ reports thereon.
“Resolved That as recommended by the Board of Directors, the audited financial statements of the Company for the eighteen months period ended December 31, 2012 together with the Directors and Auditors’ reports thereon, as circulated to the Members and laid before this meeting be and are hereby received, adopted and approved.”
2. Approval of appointment of auditors for the year ending December 31, 2013 and to fix their remuneration.
“Resolved That Messrs. M. Yousuf Adil Saleem and Co. Chartered Accountants (a member firm of Deloitte Touche Tohmatsu) be and are hereby appointed as the Auditors of JS Global Capital Limited for the year ending December 31, 2013 at the fee/ remuneration as fixed by the management of the Company.”
3. Approval of final cash dividend at the rate of Rs. 3/- per share (30%) for the eighteen months period ended December 31, 2012 as recommended by the Board of Directors.
“Resolved That as recommended by the Board of Directors, payment of final cash dividend @ 30% i.e. Rs. 3/- per share for the eighteen months period ended December 31, 2012 to be paid to the shareholders whose names appear on the register of members as at close of business on March 28, 2013 i.e. and is hereby approved.”
Special Resolution:
1. Approval of increase in the investment limit from Rs. 20 Million to Rs. 100 million as Market Maker in the 7th TFC issue of ,Jahangir Siddiqui and Co. Ltd
“Resolved That consent and approval be and are hereby accorded under Section 208 of the Companies Ordinance, 1984 to allow the Company to increase the existing investment limit from Rs. 20 million to Rs. 100 million in the 7th TFC issue of Jahangir Siddiqui and Company Limited carrying a coupon of 6 month KIBOR plus 2.4% per annum, for a maximum tenor of 4 years, in terms of JSGCL’s role as Market Maker.”
For more information, contact:
S.M. Tariq Nabeel Jafri
Company Secretary
JS Global Capital Limited
6th Floor, Faysal House,
Shahrah-e-Faisal Karachi
Phone: +92 21 111 574 111
Fax: +92 21 3280 0163
Web: www.js.com