Pakistan Company News – Announcement of Third Interim Cash Dividend and Book Closure of Pakistan International Container Terminal Limited

Announcement of Third Interim Cash Dividend and Book Closure of Pakistan International Container Terminal Limited

Karachi, Pakistan International Container Terminal Limited informed Pakistan Stock Exchange that all their valued shareholders of the Company that the board of Directors of the Company in its meeting held on October 25, 2017 declared third interim cash dividend of Rs. 6.25/- per ordinary share i.e. 62.5% for the year ending December 31, 2017. The third interim cash dividend will be paid to those shareholders whose name will appear in the register of Members of the Company at the close of business on November 08, 2017.

Further, the share transfer books of the Company will remain closed from November 09, 2017 to November 16, 2017 (both days inclusive).

Pakistan International Container Terminal Limited was incorporated in Pakistan as a private limited company in June, 2002 and was later converted to an unquoted public limited company listed on the Karachi Stock Exchange on October 15, 2003. The foundations of the company are formed under the Companies Ordinance, 1984. The company has a Build Operate Transfer contract with Karachi Port Trust for the exclusive construction, development, operations and management of a common user container terminal at Karachi Port for a period of twenty-one years commencing June 18, 2002. The registered office of the company is located in Karachi.

The International Container Terminal Services Incorporation a company situated in Manila, Philippines, holds directly and indirectly 64.53 percent shareholding of the company and acts as the ultimate parent company.

The services of the company include online tracking, online billing and vessel schedule etc.

The symbol “PICT” is being used by the stock exchanges for the shares of Pakistan International Container Terminal.