Last checked at 3 Sep 2012 12:19
No. CS04-08/04-08/04-09/04-10(KSE / LSE / ISE) August 30, 2012
1. The General Manager Karachi Stock Exchange (Guarantee) Limited, Stock Exchange Building Stock Exchange Road Karachi Fax No: 021-111-573-329, 2437560, |
2. The Secretary Lahore Stock Exchange (Guarantee) Ltd, 19-Khayaban-e-Aiwan-e-Iqbal Lahore Fax. No. 042-36368485
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3. The Secretary Islamabad Stock Exchange (Guarantee) Limited, 55-B, ISE Towers, Jinnah Avenue Islamabad Fax No. 051-2275044 |
4. London Stock Exchange Plc. 10 Paternoster Square London EC4M 7LS Tel: (44) 020 7334 8907 |
SUBJECT: NOTICE OF ANNUAL GENERAL MEETING
Dear Sir,
Enclosed please find a copy of the Notice of Annual General Meeting to be held on Thursday, October 4, 2012 for circulation amongst your members.
Thanking you.
Yours faithfully,
(Ahmed Hayat Lak)
Company Secretary
OIL & GAS DEVELOPMENT COMPANY LIMITED
Notice of Annual General Meeting
Notice is hereby given that the 15th Annual General Meeting being Twenty Fifth meeting of the members of Oil and Gas Development Company Limited will Insha-Allah be held at registered office of the Company, OGDCL House, Plot No: 3, F-6/G-6, Blue Area, Jinnah Avenue, Islamabad on Thursday , October 04, 2012 at 10.00 a.m. to transact the following business:
ORDINARY BUSINESS
1) To confirm the minutes of the 14th Annual General Meeting held on September 28, 2011.
2) To receive, consider and adopt the audited accounts of the Company for the year ended June 30, 2012 together with the Directors' and Auditors' Reports thereon.
3) To approve the final cash dividend @27.50% i.e. Rupees 2.75 per share for the year ended June 30, 2012 as recommended by the Board of Directors. This is in addition to three interim cash dividends totaling to 45% i.e. Rs.4.5/- per share already paid during the year.
4) To appoint Auditors for the year 2012-13 and fix their remuneration. The present auditors M/s KPMG Taseer Hadi & Co., Chartered Accountants and M/s. M. Yousuf Adil Saleem & Co., Chartered Accountants will stand retired on the conclusion of this meeting.
5) To transact any other business with the permission of the Chair.
By order of the Board
Islamabad (Ahmed Hayat Lak)
Date: August 28, 2012. Company Secretary
NOTES:
1- Participation in the Annual General Meeting
A member entitled to attend and vote at this meeting is entitled to appoint another person as his / her proxy to attend and vote. Proxies in order to be effective must be received at the Registered Office of the Company duly stamped and signed not less than 48 hours before the meeting.
2- CDC Account holders will further have to follow the under mentioned guidelines as laid down in Circular 1 dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan:
a. For attending the meeting
In case of individuals, the account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per regulations, shall authenticate his / her identity by showing his / her original National Identity Card (NIC) original passport at the time to attending the meeting.
In the case of corporate entities, the Board of Directors' resolution / power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the meeting.
b. For appointing proxies
i) In case of individuals, the account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per regulations, shall submit the proxy form as per the above requirement.
ii) The proxy form shall be witnessed by two persons whose names, addresses and NIC number shall be mentioned on the form.
iii) Attested copies for NIC or the passport of the beneficial owners and of the proxy shall be furnished with the proxy form.
iv) The proxy shall produce his / her original NIC or original passport at the time of the meeting.
v) In the case of a corporate entity, the Board of Directors' resolution / power of attorney with specimen signature of the person nominated to represent and vote on behalf of the corporate entity shall be submitted (unless it has been provided earlier) along with proxy form to the Company.
3- Closure of Share Transfer BooksThe share transfer books of the company will remain closed and no transfer of shares will be accepted for registration from Thursday, September 27, 2012 to Thursday, October 4, 2012 (both days inclusive). Transfers received in order at the Share Registrars' office by the close of business on Wednesday, September 26, 2012 will be treated in time for the purpose of payment of final cash dividend, if approved by the Shareholders.
4- Change in Address
Members are requested to promptly notify any change in their address.