Home Meeting notice Kohat Cement: Notice of Extraordinary General Meeting

Kohat Cement: Notice of Extraordinary General Meeting

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KOHAT CEMENT COMPANY LIMITED

NOTICE OF CONVENING EXTRAORDINARY GENERAL MEETING

Notice is hereby given that an extraordinary general meeting of shareholders of Kohat Cement Company Limited will be held on Wednesday June 29, 2022 at 11:00 a.m. at its registered office, Kohat Cement Factory, Rawalpindi Road, Kohat, to transact the following routine business:

  • Elect 8 (eight) directors, being the number of directors fixed by the Board of Directors under section 159 (1) of the Companies Act 2017, for a period of three years from June 29 2022 in accordance with the provisions of the Companies Act 2017. The names of the outgoing Directors are as follows:

1)

Mr. Aizaz Mansoor Sheikh

5)

Ms Hafsa Nadeem

2)

Mr. Nadeem Atta Cheikh

6)

Mrs Hijab Tariq

3)

Mr. Ahmed Sajjad Khan

seven)

Mr. Muhammad Rehman Sheikh

4)

Mr. Talha Saeed Ahmad

8)

Mr. Muhammad Atta Tanseer Sheikh

Retiring directors are eligible for reappointment.

A statement of material facts in accordance with the provisions of the Companies Act 2017 is attached to this notice distributed to shareholders.

By order of the Council:

Muhammad Asadullah Khan

Company Secretary

Lahore: Tuesday, June 7, 2022

REMARKS:

1. Election of Directors

  1. Any member who wishes to contest the election of directors must, whether he is an outgoing director or not, file with the Company at its registered office, 37-P, Gulberg-II, Lahore, no later than fourteen (14) days before the date of the meeting, notice of his intention to stand for election as a director in accordance with the provisions of the Companies Act 2017 as well that the following documents and information:
    1. Its folio number / CDC investor account number / CDC participant identification number / sub-account number
    2. Consent to act as director in Form 28 under Section 167 of the Companies Act 2017.
    3. A detailed profile with his office address for placement on the Company’s website.
    4. The person(s) holding themselves out as independent directors must file a statement on stamped paper certifying that they meet the eligibility and independence criteria as notified under the Companies Act 2017 and rules and regulations enacted under it.
    5. A statement regarding the qualifications required to become a director of the company under applicable laws and regulations, including the Listed Companies (Corporate Governance Code) Regulations, 2019. A copy of this statement can be obtained from the registered office social of the Company during office hours.
    6. Certified copy of valid CNIC / Passport.
    7. Copy of NTN certificate.
  1. A director must be a member of the Company holding at least 500 common shares at the time of filing his consent to contest the election of directors, with the exception of a person representing a member, who is not a natural person and owns at least 500 common shares of the company.
  1. Closing of Share Transfer Books
    The shareholders’ register and the Company’s share transfer books will remain closed from Thursday June 23, 2022 to Wednesday June 29, 2022 (both days inclusive). Transfers received in order at the office of the Company’s Independent Registrar of Shares, Hameed Majeed Associates (Pvt.) Limited, HM House, 7- Bank Square, Lahore, until the close of business on Wednesday June 22, 2022 will be processed in time to have the right to attend and vote at the Extraordinary General Meeting.
  2. Right to appoint a proxy
    A member has the right to appoint a proxy in his place to attend, speak and vote in his place. A member can appoint only one proxy in his place who can exercise all the rights of a member in the meeting. The deed of appointment of a proxy, duly stamped and signed, and the power of attorney or other authority (if any) under which it is signed or a notarized copy of the power of attorney or authority must be deposited at the registered office of the Company. , 37-P, Gulberg-II, Lahore no later than 48 hours (excluding public holidays) before the meeting time. A proxy must be a member of the Society. The Proxy Form in English and Urdu is attached hereto and also available on the Company’s website: www.kohatcement.com.

4. Notice of change of address

Members are requested to notify the change of their registered addresses, if any, immediately

in the independent share register of the company at the address indicated above.

5. Participation in EOGM

A corporation or a member corporation of the Corporation may appoint any of its officers or any other person by resolution of its board of directors to attend and vote at the meeting.

Members should quote their Folio Number/CDS ID in all correspondence with the Company and should bring the original document when participating in the EOGM.

Holders of CDC accounts should further adhere to the following guidelines as set forth in Circular No. 1 dated January 26, 2000 issued by the Securities & Exchange Commission of Pakistan.

To attend the meeting

  1. In the case of natural persons, the account or sub-account holder and/or the person whose securities are in a collective account and whose registration data is uploaded in accordance with the Regulations, must authenticate their identity by showing his original computerized national identity card. (CNIC) or original passport at the time of joining the meeting.

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Disclaimer

Kohat Cement Company Ltd. published this content on June 06, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 06, 2022 06:41:07 UTC.

Public now 2022

All news from KOHAT CEMENT COMPANY LIMITED

2022 sales 34,374 million
174M
174M
2022 net income 6,063 million
30.7 million
30.7 million
Net debt 2022

PER 2022 ratio 4.27x
2022 return 4.65%
Capitalization 25,923 million
131M
131M
capi. / Sales 2022 0.75x
capi. / Sales 2023 0.71x
# of employees 696
Floating 27.8%

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Medium consensus TO BUY
Number of analysts ten
Last closing price PKR 129.06
Average target price PKR232.78
Average Spread / Target 80.4%