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NOTICE OF ANNUAL GENERAL MEETING
266
PAKISTAN OILFIELDS LIMITED
Notice is hereby given that Sixty Ninth (69
th
) Annual General Meeting (being the 90
th
General Meeting)
of the Company will be held on Monday, October 19, 2020 at 10:00 hours at POL House, Morgah,
Rawalpindi through video link (Zoom Application), to transact the following business:
ORDINARY BUSINESS
i.
To receive, consider and approve the audited financial statements of the Company together with
Directors’ and Auditors’ Reports for the year ended June 30, 2020;
ii.
To approve final cash dividend of Rs. 30 per share i.e. 300% as recommended by the Board of
Directors. It is in addition to the interim cash dividend of Rs. 20.00 per share i.e. 200% already paid
to the shareholders, thus making a total cash dividend of Rs. 50.00 per share i.e. 500% for the year
ended June 30, 2020;
iii.
To appoint auditors of the Company for the year ending June 30, 2021 and fix their remuneration.
The present auditors Messer A.F. Ferguson & Co., Chartered Accountants, retire and being eligible,
offer themselves for reappointment; and
iv.
To transact any other business with permission of the Chairman.
For & on behalf of the board
Registered Office:
POL House,
Morgah, Rawalpindi.
Khalid Nafees
September 28, 2020.
Company Secretary
NOTES:
1.
COVID-19 RELATED CONTIGENCY PLANNING FOR ANNUAL GENERAL MEETING (AGM)
Considering current COVID-19 pandemic and to protect wellbeing of the shareholders, the
Securities and Exchange Commission of Pakistan (SECP) vide its circular No. 25 of 2020 dated
August 31, 2020 and Circular No. 5 of 2020 dated March 17, 2020 has allowed the companies to
conduct general meetings through video link facility.
To comply with this requirement, the Company informs its shareholders as follows:
The Company will be conducting its AGM through video link (Zoom Application) only while
ensuring compliance with the quorum requirements. The shareholders/proxies intending
to participate in the meeting are hereby requested to share following information with the
Company through email at
cs@pakoil.com.pk
or whatsapp at 0333-5310332 at the earliest but
not later than 48 hours before the time of the AGM.
Required information: Name of Shareholder/Proxy, CNIC Number, Folio/CDC Account No. of
Member, Mobile Phone Number and Email address.