Page 269 - Pakistan Oilfield Limited - Annual Report 2022

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Annual Report 2022

the SECP vide Circular No. 18 of 2017 dated August 01, 2017, shareholders are requested to submit their
written request (if not already provided) to the Company’s registered address, giving particulars of their
bank account. In the absence of shareholder’s valid bank account detail by September 13, 2022, the
Company will be constrained to withhold dividend of such members.

CDC account holders are requested to submit their mandate instruction to the relevant member stock
exchange or to CDC if maintaining CDC investor account.
7. SUBMISSION OF COMPUTERIZED NATIONAL IDENTITY CARD (CNIC) FOR PAYMENT OF FINAL CASH
DIVIDEND 2021-22:

Pursuant to the directives of SECP, CNIC number of shareholders is MANDATORILY required for payment
of dividend. Shareholders are therefore, requested to submit a copy of their valid CNIC (if not already
provided) to the Company on its registered address / Share Registrar. In the absence of a member’s valid
CNIC, the Company will be constrained to withhold payment of cash dividend to such members.

CDC account holders are requested to submit attested copy of their CNIC to the relevant member stock
exchange or to CDC if maintaining CDC investor account.

8. UNCLAIMED DIVIDEND AND UNDELIVERED SHARE CERTIFICATES

The Company has previously discharged its responsibility under Section 244 of the Companies Act, 2017
whereby the Company approached the shareholders to claim their unclaimed dividends and undelivered
share certificates in accordance with the law.

Shareholders, whose dividends still remain unclaimed and/or undelivered share certificates are available
with the Company, are hereby once again requested to approach the Company to claim their outstanding
dividend amounts and/or undelivered share certificates.

9. DEPOSIT OF PHYSICAL SHARES INTO CENTRAL DEPOSITORY:

As per Section 72 of the Companies Act, 2017, every existing listed company shall be required to replace
its physical shares with book-entry form in a manner as may be specified and from the date notified by
the SECP, within a period not exceeding four years from the commencement of the Act i.e. May 30, 2017.
Further SECP vide its letter dated March 26, 2021 has advised to comply with Section 72 of the Act and
encourage shareholders to convert their shares in book-entry form.

In light of above, shareholders holding physical share certificates are requested to deposit their shares
in Central Depository by opening CDC sub-accounts with any of the brokers or Investor Accounts
maintained directly with CDC to convert their physical shares into scripless form. This will facilitate the
shareholders to streamline their information in member’s register enabling the Company to effectively
communicate with the shareholders and timely disburse any entitlements. Further, shares held shall
remain secure and maintaining shares in scrip less form allows for swift sale/purchase.

In light of above, shareholders holding physical share certificates are requested to deposit their shares
in Central Depository by opening CDC sub-accounts with any of the brokers or Investor Accounts
maintained directly with CDC to convert their physical shares into scrip less form. This will facilitate the
shareholders to streamline their information in member’s register enabling the Company to effectively