Notice of Meeting

RNS Number : 7886J

Oil and Gas Development Company Ltd

09 December 2008

 

Subject: NOTICE OF MEETING

 

We are pleased to inform you that a meeting of the members of OGDCL is scheduled to be held on Wednesday December 24, 2008 at 10.00 am, at OGDCL House Islamabad in compliance with the orders of the Honourable Islamabad High Court to consider and if thought fit approve, adopt and agree to the Scheme of Arrangement for merger/amalgamation of PGCL into OGDCL. Copy of the Notice to this affect is attached for circulation amongst your members.

 

 

IN THE MATTER OF SCHEME OF ARRANGEMENT FOR

MERGER/AMALGAMATION OF OIL AND GAS DEVELOPMENT COMPANY

LIMITED AND PIRKOH GAS COMPANY (PRIVATE) LIMITED

 

NOTICE OF MEETING

 

 

THAT the Honourable Islamabad High Court, Islamabad by an order dated 29 November 2008, passed in Civil Original No.04 of 2008, has directed that the meeting of the members of Oil and Gas Development Company Limited (‘OGDCL’) and Pirkoh Gas Company (Private) Limited (‘PGCL’) be held to consider and if thought fit approve, adopt and agree to the Scheme of Arrangement for merger/amalgamation of PGCL into OGDCL and their respective members.

 

In compliance of above said order of the Honourable Islamabad High Court, the undersigned hereby give NOTICE that a meeting of the members of OGDCL will be held on Wednesday 21 December 2008 at 10am at Registered Office of OGDCL ie OGDCL House, Plot No3, P-6/G-6, Blue Area Jinnah Avenue, Islamabad.

 

In the mentioned scheduled meeting, the members are to consider and deliberate on the Scheme of Arrangement for merger/amalgamation of PGCL into OGDCL, and to pass the following resolution with or without modification.

 

“RESOLVED THAT the Scheme of Arrangement for merger/amalgamation of Pirkoh Gas Company (Private) Limited into Oil and Gas Development Company Limited and their respective members, considered by this meeting and initiated by the Chairman of this meeting for the purpose of identification, be and is hereby approved, adopted and agreed subject to the sanction by the Honourable Islamabad High Court, in terms of the provisions of the Companies Ordinance, 1984.”

 

The undersigned has been appointed by the Honourable Court to chair the meeting and submit a report thereof to the Honourable Islamabad High Court, Islamabad.

 

The Scheme of Arrangement for merger/amalgamation will be subject to sanction of the Honourable Islamabad High Court, Islamabad, with or without modification.

 

Any creditor of OGDCL who wishes to attend the above referred meeting may do so by intimating in advance at least 48 hours to OGDCL before the conduct of the meeting in respect of its authorized persons who will represent the creditor in the scheduled meeting.

 

The detailed explanatory statement accompanying the notice to the members under section 286 of the Companies Ordinance 1984 is sent along with the notice of the meeting to the members.

 

Basharat A. Mirza

Company Secretary

 

Jawed Hussain

Registrar of Companies

Securities & Exchange Commission of Pakistan

Islamabad

 

 

 

Islamabad: December 04, 2008 

 

This information is provided by RNS

The company news service from the London Stock Exchange