Octopus Digital Announces Postal Ballot for Shareholder Director Election

Lahore, Octopus Digital Limited has issued a postal ballot for the election of shareholder directors scheduled during the Extraordinary General Meeting on June 8, 2024. According to information available from the Pakistan Stock Exchange (PSX), the ballot paper and electronic voting options have been made available in compliance with the Companies (Postal Ballot) Regulations, 2018.

Shareholders of Octopus Digital are provided with the option to vote through a postal ballot as well as electronically in line with applicable laws. The company has published the required ballot paper nationwide on June 1, 2024, in both “Business Recorder” and “92 News.” This ensures all eligible shareholders are informed and can participate in the upcoming election.

The ballot paper for the election, which lists the candidates for the role of ‘Other Directors’, allows shareholders to vote for five directors. The candidates include Mr. Bakhtiar Hameed Wain, Mr. Khalid Hamid Wain, Mr. Tanveer Karamat, Mr. Asmar Ahmed Atif, and Mr. Adeel Khalid. Each shareholder’s vote is calculated based on the number of ordinary shares they hold multiplied by the number of directors to be elected.

Ballots are to be sent to the Chairman at The Avanceon Building, Main Multan Road, Lahore, or via email to agm@octopusdtl.com, and must be received by June 7, 2024, by 5:00 PM. Late submissions will not be considered for the vote. The voting process is to be independently scrutinized by M/s. Ali Akhtar Adnan Chartered Accountants to ensure accuracy and compliance with the regulatory framework.

Shareholders can also download the ballot from the company’s website, ensuring multiple avenues are available for participation in the governance of the company.