Century Insurance Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on May 29, 2020 at Karachi.

The agenda of the meeting will to receive, consider and adopt the audited financial statements of the Company for the year ended December 31, 2019 together with the Directors' and Auditors' reports thereon, to consider and approve final dividend in cash @ 17.50% i.e. Rs.1.75 per share of Rs.10 each as recommended by the Board of Directors, to appoint Auditors and fix their remuneration and to elect seven Directors on the Company's Board of Directors as fixed by the Board for a term of threeyears in accordance with the provisions of the Companies Act, 2017.

Further, the closed period of the company is from May 23, 2020 to May 29, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/147536.pdf

Century Insurance Company Limited is a subsidiary of Lakson Group Company. The company was incorporated in Pakistan on October 10, 1985 as a public limited company under the Companies Ordinance, 1984. Its operations commenced from 1989. The company operates in all areas of general insurance business which range from fire, marine, motor, travel, health and accident insurance, savings and retirement planning products to its customers. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.

The symbol "CENI" is being used by the stock exchange for the shares of Century Insurance Company Limited.

© Pakistan Press International, source Asianet-Pakistan