OIL & GAS DEVELOPMENT COMPANY LIMITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2021

 OIL & GAS DEVELOPMENT COMPANY LIMITED

FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2021

The Board of Directors of our Company in their meeting held on February 23, 2022 at 12:30 hours at Islamabad, have approved as follows:

CASH DIVIDEND

An Interim cash dividend for the quarter ended December 31, 2021 @ Rs 2.00 per share i.e.

20 percent. This is in addition to interim dividend already paid @ 1.75 per share i.e 17.50 percent

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on March 03, 2022. The Share Transfer Books of  the Company  will  be  closed  from March 04, 2022 to March 08, 2022 (both days inclusive). Transfers received at the CDC Share Registrar Services Limited, CDC House, 99-B, Block ' B', S.M.C.H.S., Main Shahrah-e -Faisal, Karachi- 74400 at the close of business on, March 03, 2022 will be treated in time for the purpose of above entitlement to the transferees.

The financial results of the Company are enclosed as Annex-I.  Further summaries of OGDCL Accounts & Notes to Accounts and Highlights of the Company's performance are enclosed as Annex-II and III respectively.

The quarterly report of the Company for the period ended December 31, 2021 will be transmitted through PUCARS separately, within the specified time .