March 17, 2020 (MLN): Askari Bank Limited has asked approval of Pakistan Stock Exchange for holding its 28th Annual General Meeting (AGM) under ‘webinar' arrangements in view of the Government's restrictions on public gatherings and SECP's press release, `Coronavirus contingency planning for general meetings of the shareholders' dated March 11, 2020,
AGM is planned for March 27, 2020 at Topi Rakh Complex (Galaxy Hall) Rawalpindi for which a notice has already been published on March 03, 2020.
Under this arrangement, directors will consolidate their presence, attendance, and voting into a few people through proxies at Askari Bank Board Room located at Head Officer F-8 Markaz Islamabad along with the attendance of the President & CE, Company Secretary and other officials required to attend the AGM at 10:00 am on March 27, 2020.
A video link of the Board room will be notified to all shareholders through a newspaper advertisement and they will be able to log in and participate in the AGM proceedings through their smartphones or computer devices from their homes or any convenient location after completing meeting attendance formalities.
For this purpose, shareholders interested in attending 28th AGM will be requested to get their particulars registered with Company Secretary at least 24 hours before the time of AGM and they will be provided with a security key permitting requisite access.
The Bank undertakes that the quorum provisions of the AGM shall be honored and the minutes will be kept as per regulatory requirements without change.
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