Pakistan International Container Terminal Limited’s results of the BOD meeting held on Monday, July 11, 2011

Karachi: We have to inform you that the meeting of Board of Directors started at 11:30 a.m. on Monday, July 11, 2011. Board of Directors recommended the following:


i)Cash DividendNIL
ii)Bonus SharesNIL
iii)Right Shares:NIL
iv)Any Other Entitlement/Corporate Action


It has been recommended by the Board of Directors to issue Specie Dividend by distribution of 54,576,576 ordinary shares of Pakistan International Bulk Terminal (Private) Limited (PIBTL) having face value of Rs. 10/-., each to the shareholders of PICT as specie dividend in the ratio 2:1 i.e. for every 100 shares of the PICT, each shareholder of the PICT will get 50 shares of PIBTL of the face value of Rs. 10/-.


v) Any Other Price-Sensitive InformationNIL


Annual General Meeting:

The Extra Ordinary General Meeting (EOGM) of the Company will be held on Wednesday, August 3, 2011 at 11:30 a.m. at Beach Luxury Hotel Karachi.

Book Closure:

The Share Transfer Books of the Company will be closed from July 27, 2011 to August 3, 2011 (both days Inclusive).


Physical transfer and deposit requests under Central Depository System received at the close of business on July 26, 2011 by the Company’s Registrar i.e., Technology Trade (Pvt.) Limited, Dagia House 241 – C, Block 2, PECHS, Karachi will be treated as being in time for the purpose of entitlement.

For more information, contact:
Arsalan I. Khan
Company Secretary
Pakistan International Container Terminal Limited
2nd Floor, Business Plaza,
Mumtaz Hassan Road,
Karachi -74000,
Tel: +9221 32400450-3
Fax: +9221 32400281