REG - Oil and Gas Devt Co - Result of AGM

Oil And Gas Development CoAnnouncement

25/10/2024 09:00

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RNS Number : 6724J  Oil and Gas Development Company Ltd  25 October 2024

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

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

October 25, 2024

 

 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

 

Subject:       RESOLUTIONS PASSED BY THE SHAREHOLDERS IN 27(th) ANNUAL
GENERAL MEETING HELD ON OCTOBER 25, 2024

 

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 25, 2024 and the
same have been adopted and become effective.

RESOLVED that, minutes of Extraordinary General Meeting of Oil & Gas
Development Company Limited held on November 30, 2022 be and are hereby
approved.

RESOLVED that, minutes of Annual General Meeting of Oil & Gas Development
Company Limited held on October 30, 2023 be and are hereby approved.

RESOLVED that, the Directors' and Auditors' Reports and Company's accounts for
the year ended June 30, 2024 be and are hereby approved and adopted.

RESOLVED that, a final cash dividend of Rs 4/- per ordinary share i.e 40%,
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, 2024.

RESOLVED that, appointment of M/s A.F. Ferguson, Chartered Accountants as the
Statutory Auditor of the Company for the year 2024-25 at the fee as
recommended by the Board, be and is hereby approved.

 

 

Yours sincerely,

 

(Wasim Ahmad)

  Company Secretary

 

Copy:

 

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

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

Jinnah Avenue, Blue Area,

Islamabad.

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