Page 32 - CCL AR 2017 Final

Notice of Annual General Meeting
Notice is hereby given that the 36th Annual General
Meeting of the Company will be held on Monday, 5.
October 16, 2017 at 11:30 a.m. at the Registered
Office of the Company at Factory premises, Village
Lakrai, Nowshera, Khyber Pakhtunkhwa to transact
the following businesses:
ORDINARY BUSINESS
1. To receive and consider the Audited Accounts of
the Company for the year ended June 30, 2017
with the Directors’ and the Auditors’ Reports
thereon.
2. To consider and approve the payment of final
cash dividend @ 35% (Rs. 3.50 per share) in
addition to interim cash dividend @ 10% (Re.
1.00 per share) already paid to the shareholders
for the financial year ended June 30, 2017 as
recommended by the Board of Directors.
3. To appoint Auditors for the year 2017/18 and to
fix their remuneration.
4. To transact any other business with the
permission of the chair.
Karachi: August 23, 2017
Notes:
1. The register of members of the Company will be 3. Shareholders of the Company whose shares are
closed from Tuesday October 3, 2017 to Monday,
October 16, 2017 (both days inclusive) and no
transfers will be registered during that time.
Shares received in order at the Office of the
Registrar of the Company, M/s. Central
Depository Company of Pakistan Limited (CDC),
CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main
Shahrah-e-Faisal, Karachi-74400 at the close of
business on Monday, October 2, 2017 will be
treated in time for the entitlement of final cash
dividend.
2. A member of the Company eligible to attend and
vote at the Annual General Meeting may appoint 5. Shareholders who have not yet submitted
another member as his/her proxy to attend and
vote in his/her stead. Proxies to be effective must
be in writing and must be received by the
Company’s Head Office 48 hours before the
Meeting.
30
Cherat Cement
Company Limited
SPECIAL BUSINESS
To consider and approve investment of up to Rs.
75 million in its associated company Cherat
Packaging Limited (CPL) in compliance with the
provision of section 199 of the Companies Act
2017. It is therefore proposed that the following
resolution be passed as and by way of a Special
Resolution
“Resolved that pursuant to section 199 of the
Companies Act 2017, and subject to the consent
and approval of the shareholders; the Board of
Directors of the Company be and is hereby
authorized to make an investment of up to Rs.
75 million in the equity of Cherat Packaging
Limited by way of subscription of right shares;
that the Board of Directors of the Company and
the Company Secretary be and are hereby
authorized to do all acts, deeds and things that
may be necessary or required to give effect to
this resolution”.
By Order of
the Board of Directors
Abid Vazir
Executive Director &
Company Secretary
registered in their account/sub-account with
Central Depository System (CDS) are requested
to bring original Computerized National Identity
Card along with their account number in CDS
and participant’s ID number for verification. In
case of appointment of proxy by such account
holders and sub-account holders, the guidelines
as contained in the SECP’s circular of 26th
January 2000 are to be followed.
4. Shareholders of the Company are requested to
immediately notify any change in their addresses
to the Share Registrar of the Company.
photocopy of their valid Computerized National
Identity Card (CNIC) are requested to send the
same to the Share Registrar of the Company.