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Karachi: With reference to our letter Dated March 01, 2012 on above subject, we would like to inform you mat me Annual General Meeting of our Company is now scheduled to be held on April 23, 2012 at 11:00 am in Habib Bank Auditorium, Islamabad.
The Shares transfer book of the Company shall remain closed from April 17, 2012 to April 23, 2012 (both days inclusive).
We are also enclosing here with the Notice of Annual General Meeting which will be published on 02 April, 2012 in News papers namely Business Recorder and Nawa-e-Waqat of Karachi and Islamabad.
Notice of Annual general Meeting
Notice is hereby given that the 17th Annual General Meeting of the Shareholders of Jubilee Life Insurance Company Limited will be held as per below mentioned schedule:
Day, date and time: Monday, April 23, 2012 (Monday) at 11:00 a.m.
Venue: Auditorium, Habib Bank Tower, Jinnah Avenue, Islamabad
Agenda
Ordinary Business:
1. To receive, consider and adopt the audited financial statements of the Company for the year ended December 31, 2011 and the Directors and Auditors Reports.
2. To approve payment of Cash Dividend of Rs. 3.00 per share (30%) to the Shareholders as recommended by the Directors.
3. To consider the appointment of Auditors for the year ending 31 December 2012 and to fix their remuneration. The retiring Auditors Messrs. A.F. Ferguson and Co. Chartered Accountants being eligible offer themselves for re-appointment.
Special Business:
To consider and, if thou9ht fit, to pass the following Resolution with or without modification(s) as a special resolution ratifying the investment of Rs.10,518,270 in 100,000 ordinary shares of Packages Limited which is an associated company.
Resolved that:
a) The approval of the shareholders be and is hereby accorded in terms of Section 208 of the Companies Ordinance, 1984 for investment of Rs. 10,518,270 in the purchase of ordinary shares of Packages Limited.
Further Resolved that the Special Resolution be and is hereby passed for the purpose of Section 208 of the Companies Ordinance, 1984.
5. To transact any other ordinary business as may be placed before the meeting with the permission of the Chair.
Statement under section 160 (1)(b) of the Companies Ordinance, 1984
A statement under Section 160 (1) (b) of the Companies Ordinance, 1984, pertaining to the Special Business is being sent to the Shareholders along with the notice of Meeting.
Notes:
1. The Share transfer books of the Company shall remain closed from April 17, 2012 to April 23, 2012 (both days inclusive). Transfers received in order by our registrar, M/s Central Depository Company of Pakistan, CDC Share Registrar Service, CDC House199-B, Block-B, SMCHS, Main Shara-e-Faisal, Karachi-14430, at the close of business on April 16, 2012 will be treated in time For the purpose of attending the meeting.
2. A Member of the company entitled to attend and vote at this Meeting shall be entitled to appoint another member, as his/her proxy to attend, speak and vote instead of him/her, and a proxy so appointed shall have such rights, as respects attending, speaking and voting at the Meeting as are available to a member.
3. A Member shall not be entitled to appoint more than one proxy to attend any one meeting. If any Member appoints more than one proxy for any one meeting and more than one instruments of proxy are deposited with the Company, all such instruments of proxy shall be rendered invalid.
4. Proxies, in order to be effective, must be received by / lodged with the Company at its Registered Office 26-D, 3rd floor, Kashmir Plaza, Jinnah Avenue, Blue Area, Islamabad not less than 48 hours before the Meeting.
5. Members are requested to immediately notify any change in their addresses.
6. CDC Account Holders will further have to follow the under mentioned guidelines as laid down in Circular 3, dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan.
For more information, contact:
Jubilee Life Insurance Company Limited
74/1-A, Lalazar, M.T Khan Road,
Karachi-74000, Pakistan
Phone: 35611071-5
Fax: 35610959,