Notice is hereby given that the 21 st Annual Review Meeting of certificate holders of First National Bank Modaraba (“Company”) will be held on Monday, October 28, 2024 at 11:30 a.m. at Ground Floor, NBP RHQs Building, 26-McLagon Road, Lahore and virtually through a video-link facility to review the performance of the Company for the year ended June 30, 2024.
SPECIAL BUSINESS:
To consider and, if thought fit, pass the following resolution as Ordinary Resolution to enable and authorize the Company to circulate its annual balance sheet and profit and loss account, auditor's report and directors report, etc. ("annual audited financial statements”) to its Certificate Holders through QR enabled code and weblink as allowed by the Securities and Exchange Commission of Pakistan (“SECP”) through its S.R.O No. 389(I)/2023 dated 21 March 2023.
“Resolved that pursuant to section 223(6) of the Companies Act, 2017 read with S.R.O No. 389(1) 2003 dated March 21, 2023 issued by Securities Exchange Commission of Pakistan, certificate holders of the Company do hereby convey their consent and authorize the Company to circulate its annual audited financial statements to its certificate holders through QR enabled code and weblink subject to fulfilment of requirements under S.R.O No. 389(1) 2003 dated March 21, 2023. Dispatch of annual audited financial statements by the Company to its certificate holders by post will be discontinued simultaneously”
Note:
-The Certificate Transfer Book will remain closed from October 21, 2024 to October 28, 2024 (both days inclusive) for the purpose of eligibility to attend the Annual Review Meeting. -The certificate holders whose names appear on the Register of Certificate Holders of the Company at the close of business as on October 20, 2024 will be eligible to attend the Annual Review Meeting.
All transfers received in order, up to the close of business on October 20, 2024 at our Registrar's Office, Hameed Majeed Associates (Pvt.) Limited, H.M House, 7-Bank Square, Lahore will be considered in time.
-In case a certificate holder desires to attend the meeting virtually, the Company has made adequate arrangements for the certificate holders to participate seamlessly via video-link. To attend the Annual Review Meeting via video link, certificate holders are required to email their names, folio number, valid email address and number of shares held in their names to the following email address at least 48 hours before the date of Annual Review Meeting:
nadia@nbmodaraba.com. The certificate holders will receive video-link login credentials following the provision of the requisite details.
-Annual audited financial statements shall be circulated by the Company through email in case email address has been provided by the certificate holder to the Company.
-A certificate holder may request the Company to provide a hard copy of Annual Audited Financial Statements, and the same will be provided at certificate holder’s registered address free of cost, within one week, if a request has been made by the certificate holders on the standard request form available on the website of the Company.
STATEMENT OF MATERIAL FACTS UNDER SECTION 134 (3) OF THE COMPANIES ACT 2017
Securities and Exchange Commission of Pakistan (“SECP”) through S.R.O No. 389(I)/2023 dated March 21, 2023 has allowed companies to circulate the annual balance sheet and profit and loss account, auditor's report and directors report etc. (“Annual Audited Financial Statements”) to its members through QR enabled code and weblink. Approval of the certificate holders is to be obtained in the Annual Review Meeting of the Company to circulate Annual Audited Financial Statements to its certificate holders through QR enabled Code and weblink.
None of the directors of the Company have any personal interest in the aforesaid special business.
By Order of the Board
Nadia Jalil
Company Secretary
National Bank Modaraba Management Company Limited
Managers of First National Bank Modaraba:
September 27, 2024
