REG - Oil and Gas Devt Co - Resolutions passed by Shareholders in 26th AGM

Oil And Gas Development CoAnnouncement

30/10/2023 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231030:nRSd7083Ra&default-theme=true

RNS Number : 7083R  Oil and Gas Development Company Ltd  30 October 2023

CS-04-08 (PSX/LSE/SECP)

October 30, 2023

 

 The General Manager,                London Stock Exchange Plc.

 Pakistan Stock Exchange Limited,    10 Paternoster Square,

 Stock Exchange Building,            London EC4M 7LS

 Stock Exchange Road,                Tel: (44) 20 7334 8907

 Karachi

 Fax No: 021-111-573-329, 32437560

 

Subject:     RESOLUTIONS PASSED BY THE SHAREHOLDERS IN 26(th) ANNUAL
GENERAL MEETING HELD ON OCTOBER 30, 2023

 

Dear Sir,

 

As required under 5.6.9(b) of the rule book of Pakistan Stock Exchange, we are
pleased to inform you that the following resolutions have been passed by the
shareholders in the Annual General Meeting held on October 30, 2023 and the
same have been adopted and has become effective.

RESOLVED that, minutes of Annual General Meeting of Oil & Gas Development
Company Limited held on October 25, 2022 be and are hereby approved.

RESOLVED that, the Directors' and Auditors' Reports and Company's accounts for
the year ended June 30, 2023 be and are hereby approved and adopted.

RESOLVED that, a final cash dividend of Rs 2.75/- per ordinary share i.e
27.5%, recommended by the Board of Directors (in addition to the three interim
dividends already paid during the year) be and is hereby approved for the year
ended June 30, 2023.

RESOLVED that, appointment of M/s KPMG Taseer Hadi & Co., Chartered
Accountants and M/s A.F. Ferguson, Chartered Accountants as the Statutory
Auditors of the Company for the year 2023-24 at the fee as recommended by the
Board, be and is hereby approved.

RESOLVED that, the Company be and is hereby authorized to circulate annual
audited financial statement to its members through QR enabled code and weblink
as part of the notice of Annual General meeting.

 

FURTHER RESLOVED that, the Managing Director/CEO and the Company Secretary,
singly or jointly, be and are hereby authorized to do all acts, deeds, and
things, take or cause to be taken any action as may be necessary, incidental
or consequential to give effect to this resolution.

 

Yours sincerely,

 

 
 

 

 

 

(Wasim Ahmad)

  A/Company Secretary

 

Copy:

 

Executive Director/HOD, Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63, NIC Building,

Jinnah Avenue, Blue Area,

Islamabad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGGCBDGDSXDGXG