Lahore September 30 2021: Annual General Meeting of Ghani Global Holdings Limited to be held on October 23 2021 for approval of allocation and allotment of 2,799,364 ordinary shares of the Company to the employees of subsidiary companies at the rate of PKR 30/-(with a premium of Rs. 20/- per share) under Employee Stock Option Scheme (ESOS), as per notice issued by the company at Pakistan Stock Exchange (PSX).
Ghoni Global Holdings Limited (the Company) consider its employees of its subsidiaries are to be the most valuable asset and to get their commitment and efforts, the Company firmly believes in providing them conducive environment and making them feel a sense of security.
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The board of directors of the Company has allocated 2,799,364 ordinary shares of the Company for allotment to the employees of its subsidiary companies at the rate of PKR 30/- (with a premium of Rs. 20/- per share) under Employee Stock Option Scheme (E505) to be approved with or without modifications, additions or deletions by the shareholders of the Company. List of employees to whom shares under ESOS scheme has been allocated will be available for inspection by the shareholders at Annual General Meeting.
The Directors of the Company are not interested in the aforementioned special business except to the extent those executive directors including chief executive which may entitled to the options as an eligible employee.
Shareholders also authorize and approve, as recommended by the Board of Directors, issue of 15% bonus shares (in addition to 10% Bonus Shares already issued and allotted during the year on February 10, 2021) in proportion of Fifteen (15) Ordinary Share for every Hundred (100) Ordinary Shares held by the Members (i.e. @ 15%) by capitalization of a sum of Rs. 419,904,652/- out of capital/revenue reserve of the company, by passing special resolution as proposed in the Statement.
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On calculation of entitlements announced to shareholders of the Company fraction shares are consolidated and require to distribute the sale proceed to concern shareholders. Usually worked out entitlement are in the range of Rs.10 - Rs.50 and cost of distribution is in the range Rs.50- to Rs.80 per shareholder. The board of directors has shareholders this nominal amounts may be donated to Ghani Global Foundation Trust formed by the sponsors of the Company for benefits of eligible employees and general community at large.
The Directors of the Company are not interested in the aforementioned special business except to the extent that directors are also shareholders of the Company.
AGM also receive, consider and adopt the Annual Audited Accounts of the Company for the year ended June 30, 2021 together with Directors' and Auditors' Reports thereon. To appoint Auditors of the Company for the year ending June 30, 2022 and to fix their remuneration.