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Atlas Battery Limited’s special results passed in annual general meeting held on September 24, 2012

Karachi, October 3, 2012 (PPI-OT): As required under the provision of Listing Regulation No. 18 (2) of the Karachi Stock Exchange (G) Limited, we are enclosing herewith copy of Special Resolutions passed in the Annual General Meeting of the Shareholders of the Company held on September 24, 2012, duly certified by the Company Secretary for your kind information and record.

We hope that the above information will meet your requirement.

Extracts from the Minutes of Annual General Meeting of Shareholders Held on September 24, 2012

Resolved

“That cash dividend @ 100% (Rs. 10/- per share) be and is hereby approved for payment to those shareholders of the Company, whose names shall appear in the register of members at the close of business on September 13, 2012.”

Further Resolved

“That a sum of Rs. 24,166,340/- out of Company’s profit be capitalized for issuing 2,416,634 fully paid ordinary shares of Rs. 10/- each as bonus shares to be allotted to those shareholders of the Company, whose names shall appear in the register of members at the close of business on September 13, 2012 @ 20% in the proportion of one ordinary share of Rs. 10/- each for every Five ordinary shares of Rs. 10/- each held by a shareholder. The said shares shall rank pari passu with the existing shares of the Company as regards future dividend and in all other respects.”

Further Resolved

“That all the fractional bonus shares shall be combined and the Directors be and are hereby authorized to combine and sell the fractional shares so combined in the stock market and pay the proceeds of sales thereof; when realized, to a charitable institution approved under the Income Tax Ordinance, 2001.”

Further Resolved

“That the Directors be and are hereby authorized to give effect to the foregoing resolutions and in this regard to do or cause to be done all acts, deeds and things that may be necessary or required.”

For more information, contact:
Rizwan Ahmed
Company Secretary
Atlas Battery Limited
D-181, Central Avenue,
S.I.T.E., Karachi-75730
Ph: (92-21) 32567990-4
Fax: (92-21) 32564703
Email: abl@atlasbattery.com.pk
Website: www.atlasbattery.com.pk