Karachi: In pursuance of Listing Regulation No.18 (2) of Karachi Stock Exchange, we attach herewith certified true copy of all resolutions passed by the shareholders of Ghani Glass Limited (GHGL) in the Extraordinary General Meeting held on May 20, 2011.
Resolutions Passed in the Extraordinary General Meeting of Ghani Glass Limited held on Friday, May 20, 2011 AT 10:00 A.M. At Avari Hotel, the Mall, Lahore
“Resolved that the minutes of the 18th Annual General Meeting held on October 20, 2010 at Avari Hotel, Lahore having been read, be and are hereby Confirmed/Approved.”
“Resolved that pursuant to the requirements of Section 208 of the Companies Ordinance, 1984, Ghani Glass Limited (The Company) be and is hereby authorized to make equity investment of AED 5,812,500 (equal to US$ 1,544,053 / PICR 130,781,250 approximately) in RAK Ghani Glass LLC. (Associated Company registered under the laws of UAE) by way of purchasing 3,300 Shares @ AED 1,761 per share offered for sale by RAK Investment authority to all other shareholders lit proportion to their existing shareholding.”
“Further Resolved that the Chief Executive of the Company be and is hereby authorized to take any and all actions to implement and/or give effect to the above resolution and to dish-west such investment from time to time as and when considered appropriate.”
“Further Resolved that the Chief Executive of the Company be and is hereby authorized to complete any or all necessary required corporate and legal formalities for the purpose of the completion of subject transactions.”
For more information, contact:
Hafiz Mohammad Imran Sabir
Ghani Glass Limited
40-L Model, Town Ext.,
Lahore – Pakistan.
Tel: +9242 111-949-949
Fax: +9242 35172263