Karachi, Attock Petroleum Limited has officially announced that its 28th Annual General Meeting (AGM), representing the 42nd General Meeting in the company's history, is scheduled to take place in Rawalpindi on October 09, 2023. The AGM will address several important matters:
Agenda for the Annual General Meeting:
1. Approval of Audited Financial Statements: Shareholders will receive, consider, and adopt the audited financial statements of Attock Petroleum Limited for the fiscal year ending on June 30, 2023, along with the accompanying reports by the Directors and Auditors.
2. Final Cash Dividend: The Board of Directors has recommended the payment of a final cash dividend of 150%, equivalent to Rs. 15.00 per share with a face value of Rs. 10 each. This is in addition to the interim dividend of 125%, amounting to Rs. 12.50 per share, already disbursed to shareholders. The total cash dividend for the year ending on June 30, 2023, will thus be 275%, or Rs. 27.50 per share.
3. Appointment of Auditors: Shareholders will decide on the appointment of auditors for the fiscal year ending on June 30, 2024, and determine their remuneration.
Closure of Share Transfer Books:
The company has also declared the closure of its share transfer books from October 03, 2023, to October 09, 2023, inclusive. Only Members whose names appear on the Register of Members as of October 02, 2023, will be entitled to attend the AGM.
The upcoming Annual General Meeting is of great significance for shareholders and stakeholders of Attock Petroleum Limited, as it allows them to participate in crucial decisions regarding financial statements, dividend distributions, and auditor appointments. The proposed final cash dividend reflects the company's commitment to delivering returns to its shareholders.
Attock Petroleum Limited continues to uphold regulatory standards and transparency in its operations, ensuring the best interests of its investors and the integrity of the financial markets.