ICI Pakistan Limited’s circular under section 218 of the companies ordinance 1984

ICI Pakistan Limited’s circular under section 218 of the companies ordinance 1984

Karachi: We enclose a copy of the circular for the appointment of the Company Secretary and General Counsel which is being sent to all the shareholders of the Company in accordance with section 218 of the Companies Ordinance 1984.

Information under Section 218 of the Companies Ordinance 1984 Appointment of Company Secretary and General Counsel

The Board of Directors of ICI Pakistan Limited (the “company”) has appointed Ms. Sakina Sibtain as Company Secretary, and General Counsel of the Company with effect from July 15, 2011.

Ms. Sibtain holds an LLB Honours degree from the University of Reading, UK and is a Barrister at Law of Gray’s Inn, London, UK, Prior to Joining the Company, Ms. Sibtain was working as a Senior Associate with the international law firm. Norton Rose LLP in London, UK and was with them for almost 10 years, She has also worked with a leading law firm in Pakistan.

Pursuant to section 218 of the Companies Ordinance 1984, the terms and conditions of appointment of Ms. Sibtain are in accordance with her Contract of Employment and the Service Rules of the Company (together the “Terms and Conditions”).

In accordance with the Terms and Conditions, Ms. Sibtain will be entitled to a managerial remuneration of Rs. 4.10 million per annum in addition to perquisites and other entitlements arising under her Contract of Employment with the Company and the applicable policies and Service Rules of the Company, Her remuneration shall be subject to such increments, bonuses, adjustments and other entitlements as may be granted from time to time by the Board of Directors of the Company and/or in accordance with the policies and Service Rules of the Company for the time being in force.

For more information, contact:
Feroz Rizvi
Director and Chief Financial Officer
ICI Pakistan Limited
ICI House,
5 West Wharf,
P.O. Box.4731, Karachi 74000
T + 92 21 111 100 200
T+ 92 21 3231 3717-22
F+ 92 21 3231 1739

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