Karachi, Kot Addu Power Plant informed Pakistan Stock Exchange that the Extraordinary General Meeting of the Company will be held on October 02, 2021 at Islamabad through video link to transact, to confirm the minutes of the extraordinary general meeting of the Company held on March 24, 2021, to elect seven directors as fixed by the Board under Section 159(1) of the Companies Act and the Company’s Articles of association for a period of three years commencing from October 02, 202, and to transact any other business with the permission of the chairman.
Further, the transfer book share of the company will remain closed period from September25, 2021 to October 02, 2021.
Kot Addu Power Company Limited was incorporated in Pakistan on April 25, 1996 as a public listed company. The Principal activities of the Company are to own, operate and maintain-fuel fired power station and to sell the electricity produced to a single customer WAPDA under a Power Purchase Agreement (PPA).
Kot Addu Power Plant (the “Power Plant”) was built by the Pakistan Water and Power Development Authority (“WAPDA”) in five phases between 1985 and 1996 in District Muzaffargarh, Punjab, 90 K.M. north west of Multan on the left bank of the River Indus at a distance of 16 K.M. from Taunsa Barrage.
In February 2005, the Privatization Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public. On April 18, 2005 the Company was formally listed on the Pakistan Stock Exchange (formerly the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange).
The Company is now listed on Pakistan Stock Exchange limited and quoted shares of it that are 880,253,228. Their Earnings per shares of the company is 26.83 in 2020 which was 14.90 in 2019. The Profit after Taxation is 23,613,193,000 in 2020 which was 13,111,540,000 in 2019.