Karachi: Nestle Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 25, 2016 at Lahore.
The agenda of the meeting will be consideration of audited financial statements of the company for year ended December 31, 2015, considering payment of cash dividend @ Rs. 90 per share i.e. 900%, appointing and fixing remuneration of the auditors.
Further, the closed period of the company is from April 18, 2016 to April 25, 2016 (both days inclusive).
Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore.
The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary.
The symbol “PAKT” is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.