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Resolution adopted at the extraordinary general meeting of Hum Network

April 9, 2014 | Board Meetings

Karachi: Hum Network informed Karachi Stock Exchange about the resolution adopted at the extraordinary general meeting of the company held on April 9, 2014. The agenda of the meeting was resolving that a sum of Rs. 245,000,000 be capitalized out of the un-appropriated profits of the company and the bonus shares to be allotted 35% of every ordinary share. Further, it was resolved that the bonus shares so allotted shall not be eligible for the interim cash dividend of the company. Hum Network Company Limited was incorporated in Pakistan as a public limited company in February 2004 with the name of Eye TV Limited. Later on January 21, 2011 the company name was changed to Hum Network Company Limited. The principal activities of the business include launching of transnational satellite channels and presenting the cultural heritage of Pakistan. The core business operations of the company are production, advertisement, entertainment and media marketing. Programs related to information, entertainment, news, education, health food, music and societies are shown on the channel. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The brands of the company include Hum TV, Masala TV and Hum 2 in the television medium. The publications of the company include Masala TV food magazine, Humsay and Bridal Couture Week Magazine. The symbol “HUMNL” is being used by the stock exchanges for the shares of Hum Network Company Limited.

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