IGI Insurance Limited’s notice of annual general meeting

Karachi: Please find enclosed Notice of Annual General Meeting to be held on April 26, 2012, published in today’s Newspapers in daily Business Recorder and daily Nawa-e-Waqat Karachi and Lahore locations.

Notice of Annual General Meeting

Notice is Hereby Given that the 58th Annual General Meeting of IGI Insurance Limited (“the Company”) will be held on Thursday April 26, 2012 at 10:00 a.m. at the Registered Office of the Company Located at 7th Floor, The Forum, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi, to transact the following business:

Ordinary Business

1. To confirm the minutes of the Annual General Meeting of the Company held on April 26, 2011.

2. To receive, consider and adopt the Audited Financial Statements of the Company together with the Directors’ and Auditors’ report thereon for the year ended December 31, 2011.

3. To consider and approve the payment of final cash dividend @ thirty percent (30%) that is, Rupee three (Rs. 3/) per ordinary share of Rupees ten (Rs. 10/-) each for the year ended December 31, 2011 as recommended by the Board of Directors (the “Board”) of the Company in addition to the interim cash dividend already paid at the rate of Rupees two (Rs. 2/-) per share (i.e. 20%).

4. To appoint auditors for the ensuring year and to fix their remuneration.

Special Business

5. To consider and approve a resolution about the Issuance of Interim Bonus issue already made in August 26, 2011 in the ratio of 1.5(one and a half) new shares for every 10 (Ten) shares held (i.e.15%.)

6. To consider and, if thought fit, pass a Special resolution pursuant to Section 208 of the Companies Ordinance, 1984 to authorize investment by way of purchase of shares of certain associated companies.

Any Other Business

7. To consider any other Business with the permission of the Chairman.

(A statement of material facts covering the above mentioned special business as required under section 160 (1) (b) of the Companies Ordinance, 1984 is being milled to the members aaparately).

Notes:

1. The share Transfer Books of the Company will be closed from April 13, 2012 to April 26, 2012 both days inclusive.

2. A member entitled to attend and vote at the meeting is entitled to appoint person as a proxy to attend and vote instead of him, the proxy forms duly completed and signed by the member appointing a proxy must be deposited with the company’s share registrar, FAMCO Associates (Private) Limited, 1st Floor State Life Building ‘ 1-A, I.I Chundrigar Road, Karachi-74000, not later than forty-eight (48) hours before the time appointed for the Meeting.

3. Any Individual Beneficial Owner of Central Depository Company entitled to vote as this Meeting must bring his/her Computerized National Identity Card (“CNIC”) with him/her to provide his/her Identity and in case of proxy must enclose an attested copy of his/her CNIC. The representatives of corporate bodies should bring attested copy of Board of Directors Resolution/Power of Attorney and/or all such documents as are required under Circular No. 1 dated January 26, 2000 Issued by the Securities and Exchange Commission of Pakistan for this purpose.

4. Change of address, if any, should be notified immediately to the company’s share Registrar foretasted.

5. Members are requested to provide their e-mail addresses to enable the company to send notice financial statements etc. via e-mail.

6. Members who have not yet submitted photocopy of their Computerized National Identity cards to the Company are requested to send the same at the earliest.

For more information, contact:
IGI Insurance Limited
7th Floor, The Forum, Suit No. 701-713,
G-20, Block-9, Khayaban-e-Jami,
Clifton, Karachi- 75600, Pakistan
Tel: 111-234-234
Fax: 92-21-3530 1772-3530-1729

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