Pakistan Company News – Dispatch of Final Dividend Warrants of Akzo Nobel Pakistan Limited

Dispatch of Final Dividend Warrants of Akzo Nobel Pakistan Limited

Karachi, Akzo Nobel Pakistan Limitedinformed Pakistan Stock Exchange that final dividend warrants @ Rs. 7 per share, i.e. 70% for year ending December 31, 2017 have been dispatched to the shareholders by registered post or through courier service on May 16, 2018.

Akzo Nobel Pakistan Limited was incorporated in Pakistan on August 25, 2011. The foundations of the company are laid under the Companies Ordinance, 1984. The company is involved in manufacturing and trading of paints and specialty chemicals. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

AkzoNobel Group acquired ICI in 2008 bringing together the innovation, leadership and expertise of both companies. The ultimate holding company is Akzo Nobel N.V. The businesses of the company include decoration business refinish business, industrial business and specialty chemicals. In 2011, The Board of Directors of ICI Pakistan Limited approved a proposal from its ultimate holding company Akzo Nobel N.V. to restructure its interest in ICI Pakistan Limited by separation of the Paints Business into a separate legal entity through a scheme of demerger. As of June 1, 2012, we are now operating as AkzoNobel Pakistan.

AkzoNobel is a global paints and coatings company which supplies industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. The portfolio of the company includes brands such as Dulux, Sikkens, International and Eka.

The symbol “AKZO” is being used by the stock Exchange for the shares of Akzo Nobel Pakistan Limited.