Karachi November 15, 2021: At a meeting of the Board of Directors of Flying Cement Company Limited (the “Company”) held on November 15, 202, the Board of Directors approved an increase in the authorized share capital of the Company from Rs 4,000,000,000/-, divided into 400,000,000 ordinary shares of Rs 10/- each, to Rs 8,000,000,000/-, divided into 800,000,000 ordinary shares of Rs 10/- each, and the corresponding amendments to the Memorandum and Articles of Association of the Company.
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This resolution is subject to obtaining the requisite approvals from the shareholders of the Company in accordance with the applicable laws, for which purpose the Board authorized persons to take necessary steps, including to call an Extraordinary General Meeting of the Company in due course.
