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Karachi, March 26, 2013 (PPI-OT): We append herewith a Notice of Annual General Meeting of Packages Limited (PKGS) for your information. This Notice is being published in the press on Friday, 29 March 2013.
Notice of Annual General Meeting
Notice is hereby given that the 58th Annual General Meeting of Packages Limited will be held on Tuesday, April 30, 2013 at 11.00 a.m. at the Beach Luxury Hotel, Moulvi Tamizuddin Khan Road, Karachi to transact the following ordinary business:-
1. To confirm the Minutes of the 57th Annual General Meeting of the Company held on April 30, 2012.
2. To receive and adopt the Audited Financial Statements of the Company for the year ended December 31, 2012 together with the Directors’ and Auditors’ Reports thereon.
3. To consider and approve the payment of cash dividend for the year ended December 31, 2012 as recommended by the Board of Directors.
a) To the preference share/ convertible stock holder (International Finance Corporation) at the rate of Rs. 19 (10%) per preference share/convertible stock of Rs. 190 in terms of the Subscription Agreement between Packages Limited and International Finance Corporation; and
b) To the ordinary shareholders at the rate of Rs. 4.50 (45%) per ordinary share of Rs. 10.
4. To appoint Auditors for the year 2013 and to fix their remuneration.
Notes:
1. The Share Transfer Books of the Company will remain closed from April 19, 2013 to April 30, 2013 (both days inclusive) and the final dividend will be paid to the shareholders whose names will appear in the Register of Members on April 18, 2013.
2. A member entitled to attend and vote at the meeting may appoint a proxy in writing to attend the meeting and vote on the member’s behalf. A Proxy need not be a member of the Company.
3. Duly completed forms of proxy must be deposited with the Company Secretary at the Registered Office of the Company at 4th Floor, The Forum, Suite # 416-422, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi-75600 not later than 48 hours before the time appointed for the meeting.
4. Shareholders (Non-CDC) are requested to promptly notify the Company’s Registrar of any change in their addresses and submit, if applicable to them, the Non-deduction of Zakat Form CZ-50 with the Registrar of the Company M/s. FAMCO Associates (Pvt.) Limited, 1st Floor, State Life Building No. 1-A, I.I. Chundrigar Road, Karachi-74000. All the Shareholders holding their shares through the CDC are requested to please update their addresses and Zakat status with their Participants. This will assist in the prompt receipt of Dividend.
5. The Securities and Exchange Commission of Pakistan has directed vide SRO 779 (1) 2011 dated August 18, 2011 to issue dividend warrant only crossed as “A/c Payee only” and should bear the Computerized National Identity Card Number (CNIC) of the registered member. Members, who have not yet submitted photocopy of their valid CNIC are requested to send the same at the earliest directly to the Company’s Share Registrar M/s. FAMCO Associates (Pvt.) Limited, 1st Floor, State Life Building No.1-A, I.I. Chundrigar Road, Karachi-74000.
6. As directed by the Securities and Exchange Commission of Pakistan vide Circular No.18 of 2012 dated June 5, 2012, we give the shareholders the opportunity to authorize the Company to directly credit in their bank account the cash dividend, if any, declared by the Company in the future. If the shareholder wishes that the cash dividend, if declared by the Company, be directly credited into his/ her/ its bank account instead of issuing a dividend warrant, please provide the following details:-
Title of Bank Account
Bank Account Number
Bank’s Name
Branch Name and Address
Cell number of Shareholder
Landline number of Shareholder
7. Any individual beneficial owner of the Central Depository Company, entitled to vote at this meeting, must bring his/ her Computerized National Identity Card (“CNIC’) with him/ her to prove his/ her identity, and in case of proxy must enclose an attested copy of his/her CNIC.
The representatives of corporate bodies should bring attested copy of board of directors’ resolution/ power of attorney and/ or all such documents required under Circular No.1 dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan for the purpose.
8. Form of proxy is attached in the Annual Report.
For more information, contact:
Packages Limited
Shahrah-e-Roomi, P.O. Amer Sidhu,
Lahore- 54760, Pakistan
Ph: 35811541-46
Fax: (042) 35811195