Annual general meeting of Hub Power Company Limited to be held on October 18, 2016

Karachi, Hub Power Company Limited informed Pakistan Stock Exchange that 25th annual general meeting of the company will be held on October 18, 2016 at Karachi.

The agenda of the meeting will be receive and adopt the annual audited financial statements of the Company for the year ended June 30, 2016, to approve and declare the final dividend of Rs. 3.00i.e. 30% per share as recommended by the Board of Directors for the year ended June 30, 2016 and to appoint auditors and fix their remuneration for the year ending June 30, 2017.

Further, the closed period of the company is from October 10, 2016 to October 18, 2016 (both days inclusive).

HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange.

The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power.

The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.