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29/03/2015

Withholding of Final Dividend Financial year ended June 30,2014


 Kohat Cement Company Limited has moved an application before Securities and Exchange Commission of  Pakistan (SECP) under section 251 (2) of the Companies Ordinance, 1984 for allowing it to withhold dividends declared on Oct. 10, 2014 payable to those shareholders who did not provide a copy of their valid CNIC to the Company to enable it to comply with directions issued by the SECP vide SRO 831 (I) /2012 dated July 5, 2012 read with SRO 19(I)/2014 dated January 10, 2014.

The Company has also issued letters to such shareholders on their addresses available in Company’s record through registered post. Through this notice the Company is giving a final opportunity to all such shareholders to:

a) Either provide a copy of their valid CNIC to the Company within 14 days, in which case the Company will issue the dividend warrant; or

b) Make a representation in respect of aforesaid application before the SECP at the following address within 14 days of the date of this notice.

 

Director (Corporate Supervision Department), SECP

7th Floor, NIC Building, 63 Jinnah Avenue, Blue Area,

Islamabad. Ph: 051-9100451, Fax : 051-9100454

Please note that in case of failure to provide copy of valid CNIC or failing to make any representation in writing, in person or through representative before the Director (Corporate Supervision Department) within the aforesaid time period, the SECP shall decide the application as per law which may result in withholding of dividend.

Click here to view list of such shareholders