ENGRO POLYMER & CHEMICALS LIMITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021 STANDALONE AND CONSOLIDATED

 ENGRO POLYMER & CHEMICALS LIMITED

FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021 STANDALONE AND CONSOLIDATED

the Board of Directors of, Engro Polymer & Chemicals Limited (“the Company”) in their meeting held on Tuesday, February 08, 2022 at 10:00 a.m. have reviewed and approved the financial results for the year ended December 31, 2021 and recommended the following:

 

-            CASH DIVIDEND

Final cash dividend for ordinary shareholders for the year ended December 31, 2021 Rs. 5.5 per share i.e.55%. This is in an addition to interim cash dividend already paid at Rs. 10.80 per share i.e. 108%.

 

Final cash dividend for preference shareholders for the year ended December 31, 2021 Rs. 0.27 per share i.e. 2.70%. This is in an addition to interim cash dividend already paid at Rs. 0.84 per share i.e. 8.4%.

 

-            BONUS SHARES

NIL

 

-            RIGHT SHARES

NIL

 

The audited financial results of the company (standalone and consolidated) for the year ended December 31, 2021 are enclosed.

 

The Annual General Meeting of the Company is scheduled to be held on Wednesday, March 16, 2022, at 10:00 A.M. in Karachi, Pakistan.

 

Book closure dates for Ordinary and Preference Shares:

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Tuesday, March 8, 2022. The Share Transfer Books of the Company will be closed from Wednesday, March 9, 2022 to Wednesday, March 16, 2022 (both days inclusive). The transfers received in order at the office of the Company’s share registrar, M/s. FAMCO Associates (Private) Limited, 8-F, near hotel Faran, Block 6, PECHS, Shahra-e-Faisal, Karachi PABX Nos. (92-21) 34380101-5 and email info.shares@famco.com.pk by the close of business (5:00 p.m.) on Tuesday, March 8, 2022 will be treated to have been in time for the purposes of payment of final dividend to the transferees and to attend and vote at the meeting.

 

The annual report of the Company for the year ended December 31, 2021 will be transmitted through PUCARS separately, within the specified time and shall also be made available on our website www.engropolymer.com.