ISLAMABAD - The 15th annual general meeting (AGM) of OGDCL shareholders is scheduled to be held at OGDCL Headquarter on October 4, 2012 to dispose off ordinary business of the company carried out during the last financial year. Ch Muhammad Shafi Arshad, Chairman of the Board of Directors, and Masood Siddiqui, MD/CEO OGDCL, alongwith other directors would attend the meeting, says a Press release.
The AGM will confirm the minutes of last AGM which was held on 28th September, 2011. This meeting will consider and adopt the audited accounts of the company for the year ended on 30 June 2012 together with the directors and auditors reports thereon. In the meeting the final cash dividend @ 27.75 per share will be approved for the year ended 30 June 2012 as recommended by the Board of Directors.  This is in addition to other three interim cash dividends totaling to 45% i.e. Rs. 4.5 per share already paid during the FY 2011-12.
Approval for appointment of auditors for the year 2012-13 and to fix their remuneration will be accorded and the present auditors MIs KPMG Taseer Hadi & Co. Chartered Accountants and MIs M. Yousuf Adil Saleem & Co. Chartered Accountants will stand retired on the conclusion of this meeting.
The share transfer books of the company will remain closed and no transfer of shares will be accepted for registration from Thursday, 27 September2012 to Thursday 04 October (both days inclusive).