First Capital Securities Corporation Limited’s Board of Director’s Meeting
Karachi: We have inform you that the Board of Directors of the Company in their meeting held on Monday, 06 June 2011 have reviewed and approved the following investments limits, for its Associated Companies, from time to time:
1. Extension of one year on repayment of loans/Advances already given to Media Times Limited of Rupees 450.00 million as per authority of shareholders vide special resolutions already available to the Company to make investment up to the extent Rs. 550.00 million:
2. Extension of one year repayment of loans/Advances already given to First Capital Equities Limited up to the extent of Rs. 15.25 million, as per authority of shareholders vide special resolutions already available to the Company to make investment up to the extent of Rs. 400.00 million:
3. Additional Investment of Rupees 300.00 million as Loan/Advances to First Capitan Equities Limited:
4. Additional equity investment of Rupees 450.00 million, 700.00 million and 90.00 million in Pace Barka Properties Limited First Capital Equities Limited and First Capital Mutual Fund Limited respectively.
Further, it may be noted that an Extraordinary General Meeting of the Shareholders of the Company is being held on 28 June 2011 to approve the above investments limits (item no. 03 and 04) as earlier informed to you vide our letter no. FCSC/C and T/05/2011 dated 31 May 2011.
For more information, contact
First Capital Securities Corporation Limited
UAN: +9242 111-947-947
PABX: +9242 35757591-94
Fax: +9242 35757590