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Karachi, In a pivotal board meeting held on September 15, 2023, at the company’s head office, OLP Financial Services Pakistan Limited’s Board of Directors has made significant recommendations to shareholders for consideration at the upcoming Annual General Meeting (AGM).
Final Cash Dividend Declaration
The board has proposed a final cash dividend of Rs. 2 per share for the fiscal year ending on June 30, 2023. This cash dividend represents an additional 20% on top of the interim dividend of Rs. 2 per share, also amounting to 20%, which has already been disbursed to shareholders.
Important AGM Details
The 37th Annual General Meeting (AGM) of OLP Financial Services Pakistan Limited will be convened on October 26, 2023. Shareholders can attend the AGM either in person at the Institute of Chartered Accountants of Pakistan or via video conference.
Key Dates for Shareholders
To be eligible for the final dividend, shareholders must ensure that their names are listed in the company’s Register of Members by October 19, 2023. The Share Transfer Books of the company will be closed from October 19, 2023, to October 26, 2023, inclusive.
Access to Annual Report
OLP Financial Services Pakistan Limited is committed to transparency. The company will provide its Annual Report to shareholders at least 21 days before the Annual General Meeting. Additionally, the financial statements will be available through PUCARS, and a digital copy will be accessible on the company’s website.
These recommendations come as OLP Financial Services Pakistan Limited continues to maintain a robust financial position, as reflected in its financial statements for the year ending June 30, 2023. Earnings per share for the year reached Rs. 6.81, showcasing the company’s dedication to delivering value to its shareholders.
Shareholders eagerly anticipate the Annual General Meeting in October, where further insights into the company’s strategic direction and future plans are expected to be unveiled.
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