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Oil and Gas Development Company Ltd's Board of Directors met on April 27, 2023, and approved the financial results for the quarter ended March 31, 2023. The Board also approved an interim cash dividend of Rs 1.80 per share (18 percent) for the quarter, in addition to a previously paid interim dividend of Rs 4.00 per share (40 percent). Shareholders on record as of May 09, 2023, will be entitled to this dividend, with the Company's share transfer books closing from May 10 to May 12, 2023.
| Date | 27 Apr 2023 |
| Time | 07:45:33 |
| Category | Results |
| ID | 6828X |
No. CS-04-08 (PSX/LSE/SECP)
April 27, 2023
|
The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi Fax No: 021-111-573-329, 32437560 |
London Stock Exchange Plc. 10 Paternoster Square, London EC4M 7LS Tel: (44) 20 7334 8907 |
Subject: FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2023
Dear Sir,
We are pleased to inform you that the Board of Directors of our Company in its meeting held on April 27, 2023 at 10:00 a.m. at Islamabad, has approved as follows:
An Interim cash dividend for the quarter ended March 31, 2023 @ Rs 1.80 per share i.e. 18 percent. This is in addition to interim dividend already paid @ 4.00 per share i.e 40 percent.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on May 09, 2023. The Share Transfer Books of the Company will be closed from May 10, 2023 to May 12, 2023 (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, May 09, 2023 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 quarter ended March 31, 2023 will be transmitted through PUCARS separately, within the specified time.
Yours sincerely,
Encl: (Annex - I to III)
(Wasim Ahmad)
A/Company Secretary
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http://www.rns-pdf.londonstockexchange.com/rns/6828X_1-2023-4-27.pdf
http://www.rns-pdf.londonstockexchange.com/rns/6828X_2-2023-4-27.pdf
http://www.rns-pdf.londonstockexchange.com/rns/6828X_3-2023-4-27.pdf
Copy:
Executive Director/HOD,
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan,
63, NIC Building, Jinnah Avenue, Blue Area,
Islamabad.