Islamabad September 30 2024: Mari Petroleum Limited inform that the 800% bonus issue, as approved by the shareholders of the Company at the Annual General Meeting held on September 24, 2024, has been dispatched/credited (90% for filers and 80% for non-filers) to both physical and CDC shareholders of the Company on September 27, 2024.
The withheld bonus shares will only be issued to shareholders upon the Company’s collection of tax from the shareholder equivalent to ten or twenty percent (10% or 20%), as applicable, of the value of the bonus shares issued.
This amount will be determined based on the closing price on the first day of the book closure.
If the shareholder does not pay the income tax indicated above, the Company will proceed to dispose of the bonus shares to recover the income tax amount that the Company paid on the shareholder’s behalf, in accordance with Section 236Z of the Ordinance.
