Highnoon Laboratories Limited
FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021
The Board of Directors of the Company in the meeting held on March 16, 2022, at 11.00 a.m. at 17.5 K.M. Multan Road, Lahore approved the audited accounts for the year ended December 31, 2021.
CASH DIVIDEND
The Board of Directors has recommended final Cash Dividend for the year ended December 3 l , 2021, at the rate of Two hundred percent (200%) which is Rs 20 per share.
BONUS SHARES
The Board of Directors has also recommended to issue Bonus Shares in the proportion of ten (10) shares for every 100 shares held (ten percent).
Unconsolidated Financial Results of the Company and Consolidated Financial Results with its subsidiary are attached herewith as Annexure I and Annexure-11 respectively.
The above entitlement will be paid/issued to the shareholders after approval of the shareholders in the forthcoming Annual General Meeting to be held on April 18,2022 at 11:00 a.m., at the Registered Office, 17.5 Kilometer Multan Road, Lahore.
The share transfer books of the Company will remain closed from April 11, 2022, to April 18, 2022 (both days inclusive) for the determination of entitlements of payout. Transfers received by our shares registrar, M/s Corp link (Pvt.) Limited Wings Arcade, 1-K Commercial, Model Town, Lahore at the close of the business hours on April 1 I, 2022 will be treated in time for the above entitlement to the transferees.
The Annual Report of the Company will be transmitted through PUCARS at-least 21 days before holding of Annual General Meeting.
Thanking you and assurances of our highest considerations.
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