Notice of the 9th Annual General Meeting
Notice is hereby given that 9th Annual General Meeting of Pakistan Reinsurance Company Limited (PRCL) will be held on Saturday the 30th May, 2009 at 11.00 am, at PRC House, 30-B, Lalazar Drive, M. T. Khan Road, Karachi to transact the following business:-
ORDINARY BUSINESS:
1. To confirm the Minutes of the last Annual General Meeting of the company held on 30th April, 2008.
2. To receive and adopt the audited annual Accounts of the Company for the year ended December 31, 2008, and the reports of Directors and Auditors thereon.
3. To consider and approve the payment of final cash dividend @ (25%), that is Rupees 2.50 per ordinary share of Rupees Ten (10) each for the year ended December 31st 2008.
4. To appoint auditors and fix their remuneration of the Company (PRCL) for the year ending December 31st, 2009.
5. To consider any other business with the permission of Chair.
SPECIAL BUSINESS:
2. To receive and adopt the audited annual Accounts of the Company for the year ended December 31, 2008, and the reports of Directors and Auditors thereon.
3. To consider and approve the payment of final cash dividend @ (25%), that is Rupees 2.50 per ordinary share of Rupees Ten (10) each for the year ended December 31st 2008.
4. To appoint auditors and fix their remuneration of the Company (PRCL) for the year ending December 31st, 2009.
5. To consider any other business with the permission of Chair.
SPECIAL BUSINESS:
To fix and approve director’s fee for attending the meeting of Board of Directors and following resolution is proposed to be passed as ordinary resolution:-
“ Resolved that the director’s fee for attending the Board Meeting may be paid as Rs.10,000/-“
STATEMENT UNDER SECTION 160 OF THE COMPANIES ORDINANCE, 1984 REGARDING THE SPECIAL BUSINESS
That the present fee for attending Board’s meeting was fixed by the board on 12th March, 2002. Keeping in view of the over all increase of price index over the period of last 7 years, it is needed to be revised.
By Order of the Board
“ Resolved that the director’s fee for attending the Board Meeting may be paid as Rs.10,000/-“
STATEMENT UNDER SECTION 160 OF THE COMPANIES ORDINANCE, 1984 REGARDING THE SPECIAL BUSINESS
That the present fee for attending Board’s meeting was fixed by the board on 12th March, 2002. Keeping in view of the over all increase of price index over the period of last 7 years, it is needed to be revised.
By Order of the Board
(Shahzad F. Lodhi)
Company Secretary
Company Secretary
Karachi.
Date: May 08, 2009.
NOTES
1. The share transfer books of the company shall remain closed for eight days i.e. from 23rd May, 2009 to 30th May,. 2009 (both days inclusive) , no transfer will be accepted for registration during the period.
2. A member entitled to attend and vote at this meeting may appoint another member as his/her proxy to attend the meeting and vote for him/her. A proxy must be deposited at the Company not less than 48 hours before the meeting and in case of default; form of proxy will not be treated as valid.
3. CDC Accounts Holders are advised to follow the following guidelines of the Securities and Exchange Commission of Pakistan.
A For attending the meeting:
i. In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his identity by showing his original National Identity Card (NIC) or original passport at the time of attending the meeting.
ii. In case of corporate entity, the Board of Director’s resolution/power of attorney with specimen signature of the nominee shall be produced (Unless it has been provided earlier) at the time of the meeting.
B For appointing proxies
i. In case of individuals, the account holder or sub-account holder and/or the person whose securities are in a group and their registration details are uploaded as per the Regulations, shall submit the proxy form as per the above requirement.
ii. The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form .
iii. Attested copies of the CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.
iv. The proxy shall produce his/her original CNIC or original passport at the time of the meeting.
v. In case of corporate entity, the Board of Directors’ resolution/power of attorney with specimen signature shall be submitted (unless it has been provide earlier) alongwith proxy form to the Company
4. Shareholders are requested to communicate to the Company any change in their address, and provide the Zakat Declaration /Tax exception certificate (if any) immediately along with contact details.
Date: May 08, 2009.
NOTES
1. The share transfer books of the company shall remain closed for eight days i.e. from 23rd May, 2009 to 30th May,. 2009 (both days inclusive) , no transfer will be accepted for registration during the period.
2. A member entitled to attend and vote at this meeting may appoint another member as his/her proxy to attend the meeting and vote for him/her. A proxy must be deposited at the Company not less than 48 hours before the meeting and in case of default; form of proxy will not be treated as valid.
3. CDC Accounts Holders are advised to follow the following guidelines of the Securities and Exchange Commission of Pakistan.
A For attending the meeting:
i. In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his identity by showing his original National Identity Card (NIC) or original passport at the time of attending the meeting.
ii. In case of corporate entity, the Board of Director’s resolution/power of attorney with specimen signature of the nominee shall be produced (Unless it has been provided earlier) at the time of the meeting.
B For appointing proxies
i. In case of individuals, the account holder or sub-account holder and/or the person whose securities are in a group and their registration details are uploaded as per the Regulations, shall submit the proxy form as per the above requirement.
ii. The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form .
iii. Attested copies of the CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.
iv. The proxy shall produce his/her original CNIC or original passport at the time of the meeting.
v. In case of corporate entity, the Board of Directors’ resolution/power of attorney with specimen signature shall be submitted (unless it has been provide earlier) alongwith proxy form to the Company
4. Shareholders are requested to communicate to the Company any change in their address, and provide the Zakat Declaration /Tax exception certificate (if any) immediately along with contact details.
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Pakistan Reinsurance Company Limited
PRC Towers, 32-A, Lalazar Drive, M.T. Khan Road, Karachi, Pakistan.
Ph: 021-9202908 to 14, Fax: 9202921-22, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.pakre.org.pk
PRC Towers, 32-A, Lalazar Drive, M.T. Khan Road, Karachi, Pakistan.
Ph: 021-9202908 to 14, Fax: 9202921-22, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.pakre.org.pk