Lahore: The Board of Directors meeting for LSE Ventures, initially planned for October 30, 2024, has been rescheduled to November 4, 2024. The meeting, which will take place in Lahore and via video link, aims to review the company's annual accounts for the fiscal year ending June 30, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the rescheduling necessitates an extension of the company's "Closed Period" until November 4, 2024. During this period, directors, the CEO, and executives are prohibited from directly or indirectly dealing in the company's shares, as stipulated by Regulation 5.6.1 of the Exchange's Rule Book.
The company has informed the TRE Certificate Holders of the Exchange about this development.
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Pak-Gulf Leasing Announces 22% Interim Cash Dividend for Shareholders
Karachi: Pak-Gulf Leasing Company Limited (PGLC) has announced an interim cash dividend of 22% for the quarter ending September 30, 2024, translating to Rs 2.20 per share of Rs 10 each. The decision was made in a board meeting on October 24, 2024. To facilitate the entitlement to the interim dividend, the company's share transfer books will remain closed from November 5 to November 7, 2024.
Shareholders wishing to be eligible for the dividend must ensure their requests are received by the company's Share Registrar, THK Associates (Private) Limited, by November 4, 2024. According to information available from the Pakistan Stock Exchange (PSX), shareholders are advised to update their registered addresses and submit necessary declarations regarding non-deduction of zakat.
The company mandates the use of electronic payment for the cash dividend directly into shareholders' bank accounts. Physical shareholders who have not provided their bank account details are requested to complete the E-Dividend Mandate form available on the company's website.
Additionally, shareholders must comply with the submission of valid CNICs or NTN in the case of corporate entities to receive the dividend payment. The deduction of income tax from dividend payments will be based on the filer and non-filer status of shareholders, with rates set at 15% and 30%, respectively.
Shareholders with physical share certificates are encouraged to convert them to book-entry form through the Central Depository Company of Pakistan (CDC) to comply with the Companies Act, 2017. The company's notice also mentions the availability of a Centralized Cash Dividend Register on the CDC's eServices Web Portal, providing detailed information on cash dividends.