Pakistan Petroleum Limited’s notice of book closure and declaration of final dividend and bonus shares 2010-11

Pakistan Petroleum Limited’s notice of book closure and declaration of final dividend and bonus shares 2010-11

Karachi: With reference to Rule 18(2) of the Listing Regulations we enclose herewith a Notice to shareholders regarding book closure of share transfer books, declaration of final dividend for the year 2010-11 and issue of bonus shares.

The notice will be published in daily “Dawn” and “Jang” having circulation in Karachi, Lahore and Islamabad on Wednesday, 10 August, 2011.

Pakistan Petroleum Limited

Notice of Book Closure and Declaration of 2010-11 Final Dividend and Bonus Shares

The Directors of Pakistan Limited in their meeting held on Tuesday, 9 August, 2011 have recommended payment of final cash dividend for the financial year ended 30 June, 2011 at the rate of Rs. 2.00 per shares (i.e. 20 %) on fully paid Ordinary shares and issue of bonus shares in proportion of 1 ordinary shares for every 10 ordinary shares held (i.e. 10 %). The final cash dividend is in addition to first interim dividend at Rs5.00 per (i.e. 50%) on ordinary and Rs 3.00 per share (i.e.30%) on convertible preference shares and second interim dividend at Rs 5.00 per share (i.e. 50%) on ordinary shares already paid to shareholders. If approved at the Annual General Meeting scheduled to be held on Friday, 30 September, 2011 the final dividend will be paid and bonus shares will be issued to the Members whose names appear on the Register of Members at the close of business on 21 September, 2011.

The Share Transfer Books of the Company will be closed from 22 September, 2011 to 30 September, 2011 (both days inclusive).

Members are requested to promptly notify the Company Shares Registers M/s FAMCO Associates (Pvt) Limited 1st Floor, State Life Building No. 1-A, I.I. Chundrigar Road, Karachi-74000 of any change in their address in order that the dividend warrants and bonus shares certificates may be dispatched to their correct addresses.

This is to inform you that the Board of Directors of our Company in their meeting held on 9 August, 2011 has recommended to increase the authorised ordinary share capital of the Company from existing capital of Rs. 15,000,000,000 divided into 1,500,000,000 ordinary shares of Rs. 10/- each to Rs. 25,000,000,000 divided into 2,500,000,000 ordinary shares of Rs. 10/- each.

The above recommended increase in the authorized ordinary share capital shall be placed in the upcoming Annual General meeting of the Company for the approval of the shareholders.

For more information, contact:
M. Mubbasshar Siddiqui
Company Secretary
Pakistan Petroleum Limited
PIDC House, Dr. Ziauddin Ahmed Road,
Karachi – 75530,
UAN: (021) 111-568-568
Tel: (021) 35651480-98
Fax: 92-21 35680005

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