Matco Foods Limited Announces Final Cash Dividend of 5% and AGM Date

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Karachi, Matco Foods Limited convened a meeting of its Board of Directors on September 7, 2023, conducted via Zoom video conferencing, to discuss various matters, including dividends and the Annual General Meeting (AGM).

In line with the meeting’s resolutions, the Board has recommended a Final Cash Dividend of Re. 0.50 per share, equivalent to 5%. This dividend is in addition to the Interim Cash Dividends already paid at the rate of Re. 1.00 per share, accounting for 10% of the total.

The AGM of Matco Foods Limited is scheduled for October 23, 2023, in Karachi, subject to approval from the Pakistan Stock Exchange (PSX). During this meeting, shareholders will have the opportunity to discuss and decide upon various company matters, including the proposed dividends and other agenda items.

To facilitate the AGM proceedings, the Share Transfer Books of the company will remain closed from October 16, 2023, to October 23, 2023, ensuring an accurate record of eligible attendees. Additionally, the company’s Annual Report will be transmitted through PUCARS at least 21 days before the AGM, providing shareholders with ample time to review the financials and other pertinent information.

These developments underscore Matco Foods Limited’s commitment to maintaining transparency and providing value to its shareholders, ultimately contributing to its sustained growth and success in the industry.

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