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Karachi, March 08, 2013 (PPI-OT): We enclose herewith newspaper clippings of Daily Business Recorder and Daily Nawa-i-Waqt dated March 7, 2013 (published in Karachi, Lahore and Islamabad editions) regarding publication of the Notice of 7th AGM of Summit Bank Limited (SMBL).
You may please inform the members of the Exchange accordingly.
Notice of the Seventh Annual General Meeting of the Shareholders of Summit Bank Limited
Notice is hereby given that the seventh Annual General Meeting of the shareholders of Summit Bank Limited (“Bank”), will be held on Saturday, March 30, 2013 at 11.00 a.m. at Serena Hotel, Islamabad to transact the following business:
Ordinary Business:
1. To confirm the minutes of Extraordinary General Meeting of the Bank held on December 03, 2012.
2. To receive, consider and adopt audited financial statements stand alone and consolidated of the Bank for the year ended December 31, 2012 along with Directors and Auditors’ Report thereon and Statement of Compliance with the Code of Corporate Governance.
3. To elect seven directors in accordance with the provision of Section 178 of the Companies Ordinance, 1984 for the period of three years commencing April 01, 2013. All the retiring directors being eligible to offer themselves for re-election:
01. Mr. Nasser Abdullah Hussain Lootah
02. Mr. Husain Lawai
03. Mr. Nasim Beg
04. Mr. Asadullah Khawaja
05. Mr. M. Farid Uddin
06. Mr. Shehryar Faruque
07. Mr. Ahmed Khalil Muhammad Samea Al
Mutawa (resigned recently)
The Board of Directors has fixed the number of Directors to be elected at this meeting to be seven (07) in terms of Resolution by Circulation dated February 6, 2013 passed by the Directors. The retiring Directors shall be eligible to offer themselves for re-election in accordance with applicable Regulations.
4. To appoint External Auditors of the Bank for the year ending December 31, 2013 till the conclusion of next Annual General Meeting and fix their remuneration. (Present Auditors, M/s Ernst Young Ford Rhodes Sidat Hyder, Chartered Accountants being eligible, offer themselves for re-appointment).
5. To transact any other business with the permission of the chair.
Notes:
1. The Board approved injection of further capital of Rs. 5 Billion before the end of 2013 from Domestic and International Market, subject to all regulatory approvals. The additional increase in the capital of the Bank will exceed Minimum Capital Requirement of State Bank of Pakistan by end 2013.
2. The share transfer books of the bank will be closed from March 23, 2013 to March 30, 2013 (both days inclusive). Transfers received at the office of the Share Registrar of the Bank, M/s. Technology Trade (Pvt.) Ltd., Dagia House, 241-C, Block-2, P.E.C.H.S. Off. Shahrah-e-Quideen, Karachi, at the close of Business March 22, 2013 will be treated in time for the purpose of entitlement to attend the said AGM. This book closure shall also apply for entitlement to right issue of preference shares of Rs. 2.1 Billion approved in the EOGM held on December 03, 2012. The transfers received by our said share registrar shall be duly stamped, signed and witnessed not later than 48 hours before the meeting.
3. A member entitled to attend and vote at this meeting may appoint another member as his / her proxy to attend and vote on his / her behalf. The instrument appointing a Proxy and the power of attorney or other authority under which it is signed or a notarially certified copy of the power of attorney must be valid and received at the office of the said Share Registrar of the Bank, M/s. Technology Trade (Pvt.) Ltd., duly stamped, signed and witnessed not later than 48 hours before the meeting.
4. Shareholders whose shares are deposited with Central Depository Company of Pakistan Limited (CDC) are requested to bring their computerized National Identity Card (CNIC) along with their CDC Account Number for verification. In case of corporate entity, the Board of Directors resolution / power of attorney with specimen signatures of the nominee shall be produced (unless it has been provided earlier) at the time of the meeting.
5. Members are requested to notify any change in their addresses immediately.
6. Members are requested to submit copy of their CNIICs with our Share Registrar M/s. Technology Trade (Pvt.) Ltd.
For more information, contact:
Summit Bank Limited
Arif Habib Centre: Plot # 8/C-1,
Mumtaz Hassan Road,
Off: I.I. Chundrigar Road, Karachi, Pakistan
PABX: (021) 32468400-10,
Fax: (021) 32468494,
Email: info@summitbank.com.pk
Website: www.summitbank.com.pk