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Wednesday, October 28th, 2020

ICI Pakistan Limited’s information under section 218 of the companies ordinance 1984

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Karachi, March 08, 2013 (PPI-OT): We enclose a copy at the letter under section 218 which is being sent to all the shareholders of the Company.

Information under Section 218 of the Companies Ordinance 1984

The Board of Directors of ICI Pakistan Limited (the “Company”) in its meeting held on February 21, 2013 appointed Mr. Asif Jooma as Chief Executive of the Company with effect from February 25, 2013 for the remainder of the term expiring April 28, 2014.

In pursuance of Section 218 of the Companies Ordinance 1984, this is to advise you that the terms and conditions of appointment of Mr. Asif Jooma are in accordance with his contract of employment and the service rules of the Company (together the “Terms and Conditions”).

In accordance with these Terms and Conditions, Mr. Asif Jooma will be entitled to a remuneration of approximately Rs. 46 million per annum in addition to perquisites and other entitlements arising under his contract of employment with the Company and the applicable service rules of the Company.

The above remuneration shall be subject to such increments, bonuses, adjustments and other entitlements as may be granted at any time and from time to time by the Board of Directors of the Company and/or in accordance with the policies and service rules of the Company for the time being in force.

Important:

1. Individual shareholders are requested to send a copy of their latest CNIC addressed to Manager Shares, ICI Pakistan Limited, ICI House, 5 West Wharf, Karachi or FAMCO Associates (Pvt) Ltd, First Floor, State Life Building 1-A, I. I. Chundrigar Road, Karachi-74000 (unless it has been provided earlier). Please mention your Folio number on the copy of CNIC.

2. Corporate entitles are requested to provide their National Tax Number (NTN)

The above information is required for-maintaining the Members’ Register and the e-filling of Income tax returns.

For more information, contact:
ICI Pakistan Limited
ICI House, 5 West Wharf,
P.O. Box.4731, Karachi 74000
T: + 92 21 3231 062
T: + 92 21 3231 0622
F: + 92 21 3231 0617
Web: www.icipakistan.com

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