Searle Pakistan Limited’s notice of extraordinary general meeting

Karachi, July 11, 2012 (PPI-OT): We would like to inform you that the directors of Searle Pakistan Limited (SEARL) at their meeting held on June 25, 2012 have decided to convene an extraordinary general meeting (EOGM) of the Company. The said EOGM will be conducted on Friday, August 3, 2012 at 10:00 a.m. at the ICAP’s Auditorium.

The share transfer books of the Company will remain closed from 28-07-2012 to 03-08-2012 (both days inclusive).

We enclose herewith text of Notice of EOGM, to be published in daily “Business Recorder” and “Nawa-e-Waqt” (Karachi and Islamabad) on July 13, 2012.

Notice of Extraordinary General Meeting

Notice is hereby given that the extraordinary general meeting of the shareholders of Searle Pakistan Limited will be held on Friday, August 03, 2012 at 10:00 a.m. at the Institute of Chartered Accountants of Pakistan, ICAP Building, G-31/8, Kehkashan, Clifton, Karachi, to transact the following business:

Ordinary Business:

1. To confirm the minutes of the 46th Annual General Meeting held on October 26, 2011.

Special Business

2. To consider the change of name of the Company from “Searle Pakistan Limited” to “The Searle Company Limited” and if thought fit by the shareholders to pass with or without modification (s) the following resolution, as Special Resolution.

“Resolved that subject to approval of the Registrar as may be required, the name of the Company be and is hereby approved to be changed from “Searle Pakistan Limited” to “The Searle Company Limited”.

Further resolved that subject to approval of the Registrar as may be required, Clause 1 of the Memorandum of Association be and is hereby amended and replaced by the following new paragraph:

“The name of the Company is The Searle Company Limited”.

Further Resolved that in the Articles of Association of the Company, in Article 2 “Searle Pakistan Limited” be substituted and replaced with “The Searle Company Limited”.

Further Resolved that Mr. Zubair Palwala, Director and Secretary of the Company be and is hereby authorized to all acts, deeds and things as may deem necessary in this regard.”

Other Business

3. To transact any other business with the permission of the Chair.

Notes:

i) The Share transfer Books of the Company will remain closed from July 28, 2012 to August 3, 2012 (both days inclusive).

ii) A member entitled to attend, speak and vote at the extraordinary General Meeting may appoint a proxy to attend, speak and vote on his/ her behalf. Proxies in order to be effective must be received by the Company’s Registered Office; 1st Floor, NIC Building, Abbasi Shaheed Road, Karachi – 75530 not less 48 hours before the meeting. The proxy need not be a member of the Company.

iii) Members are requested to intimate any changes in address immediately to our Registrar, Share Registrar Department, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block – ‘B’, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi – 74400.

iv) In pursuance of Circular No. 1 of 2000 of SECP dated January 26, 2000 beneficial owners of the shares registered in the name of Central Depository Company (CDC) and/ or their proxies are required to produce their Computerized National Identity Card (CNIC) or passport for identification purpose at the time of attending the meeting. The form of proxy must be submitted with the Company within the stipulated time, duly witnessed by two persons names, address and CNIC numbers must be mentioned on the form, along with attested copies of the CNIC or the passport of the beneficial owner and the proxy.

In case of corporate entity, the Board of Directors’ resolution/ power of attorney with specimen signature of the nominee shall be produced at the time of the meeting.

Statement of material facts under section 160 (1) (b) of the Companies Ordinance, 1984 regarding the special business:

Special Business:

Agenda # 2

As Searle Pakistan Limited is entering into global market by incorporating legal entities in different countries, the Board of Directors of the Company is in the view that the name of the Company should be in consonance to the global market. Therefore, the Board of Directors of the Company seeks your approval for proposed change of name.

The Directors have no personal interest in the aforesaid resolutions/special Business except in their capacity as shareholders of the Company.

For more information, contact:
Searle Pakistan Limited
First Flour, N.I.C, Building
Abbasi Shaheed Road,
P. O. Box: 5696, Karachi – 75530
Tel: 35674321 (8 lines)
Telegram SEARIN Karachi
Fax: (92-21) 35687693