Pakistan Company News

Annual general meeting of Pakistan Tobacco Company Limited to be held on April 22, 2019

Karachi, Pakistan Tobacco Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 22, 2019 at Islamabad.

The agenda of the meeting will to receive, consider and adopt the Company’s Audited Financial Statements for the year ended December 31, 2018, together with the Reports of the Directors and Auditors thereon, to approve and declare Final Dividend for the year 2018 on the Ordinary Shares of the Company as recommended by the Board, to appoint Auditors and to fix their remuneration and to elect 12 Directors on the Company’s Board of Directors as fixed by the Board for a period of three years’ term commencing on the April 22, 2019. The term of the following nine Directors will end on the April 20, 2019.

Further, the closed period of the company is from April 16, 2019 to April 22, 2019 (both days inclusive).

Pakistan Tobacco Company Limited is a public listed company incorporated in Pakistan on November 18, 1947. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes. The shares of the company are the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated in Islamabad.

The company is a subsidiary of British American Tobacco Investments Limited, United Kingdom. The ultimate parent company is British American Tobacco Plc. United Kingdom. The business was formed in 1902 with over 300 brands in the portfolio in over more than 180 countries.

The brands which the company has include Dunhill, Benson and Hedges, John Player Gold Leaf, Capstan, Gold Flake and Embassy cigarettes.

The symbol “PAKT” is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.