Karachi, In a recent meeting held on June 13, 2023, the Board of Directors of a company based in Karachi made an important recommendation that will benefit the shareholders. The recommendation includes the issuance of Interim Bonus shares in a ratio of 200 shares for every 100 shares held, which amounts to a bonus of 200%. This additional bonus is in addition to the Interim Bonus Shares previously issued at 0%.
The company's Board of Directors also discussed other matters, including an Interim Cash Dividend for the year, which has been set at Rs. NIL per share, implying a 0% dividend. This is in addition to the Interim Dividend already paid at the same rate.
The entitlements, including the Interim Bonus Shares and the Interim Cash Dividend, will be given to the shareholders whose names appear in the Register of Members on June 20, 2023. However, shareholders should note that the Share Transfer Books of the Company will be closed from June 21 to June 22, 2023 (both days inclusive).