Pakistan Oxygen : Advance Copy of Notice of Annual General Meeting

Pakistan Oxygen Limited

THROUGH PUCARS

Our Reference: SEC/D.7/019/22

March 25, 2022

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road KARACH 1-74000

Dear Sir

NOTICE OF ANNUAL GENERAL MEETING

Pursuant to Regulations # 5.6.9(b) of Pakistan Stock Exchange Regulations, we are pleased to send herewith in advance a copy of each of the Notice of Annual General Meeting of Pakistan Oxygen Limited (the Company') along with Statement of Material Facts in English and Urdu languages which are tentatively scheduled to be published in one issue of each of a daily newspaper in English and a daily newspaper in Urdu on April 1, 2022 in terms of Section 132(3) of the Companies Act, 2017.

Kindly acknowledge receipt.

Yours truly

Mazhar (qbai

Company'Secretary

Ends: as above

Copy to:

The Executive Director/HOD Offsite-ll Department

Securities & Exchange Commission of Pakistan

Corporate Supervision Department-Company Law Division 63, NIC Building, Jinnah Avenue

Islamabad

Pakistan Oxygen Limited (formerly Linde Pakistan Limited)

P.O.Box 4845 Dockyard Road, West Wharf, Karachi 74000

Phone: [phone] I Fax: [phone] & 3231 1809 I [e-mail] I Web: www.pakoxygen.com

Pakejon Oxygen

NOTICE OF ANNUAL GENERAL MEETING

Noticels herebygiven tha5the73rdMnua1 General Meetlogof PA1I3STANOIC8GENUMtThD will bohaldonluesday, the 26th day of April 2022a1 2m0p.ro.vlrtsaiiyvla'Adeo Link Facility and in persanutthe Conrpany's Registered Offica,WeslVshart, Dockyard Road, Karachi to transactthe following buelneso

ORD1NAJCfBUSINES

I. Torecelve and considerthe Financial Statansentuof the CompanyfartheyearendedOecensbar31,2021,andRepOrts of the

Directors and Auditors thereon.

2.

To appoint the Auditors of the Company and tofu their remuneration,

SPECIAL OUSINESSi

3. To capitafze a sum of Ps. 1 t7,181,208 out of the uo.approprlated protits of the Company for the Issuance of 11,718,121

Bonus Shares lathe Members of the Company asatthe cioseof business on April 19.2022.10 theproportionof 25 ordInary shares far every 100 ordinary shares held nt that date.

Bir Order of the BoardKarachI: March 7.2022

Macher iqbal Company Secretary

A statement as required by Section 134131 at the Companies Act, 2017 in respect of the atoresald special business to be considered at the Annual General Meeting Is annexed with theNotice of Meeting being sent tolhe Members.

1O y

NO 1. clora,renfshareTeintferBccko

ShareTransfer Books of IheCorepanywili remain closedfroes April25, 2522 toAprli 262022 lboth dayslnclosive>.Transfers received at the 016cc of the Company's Shares Registrar, CDC Share Registrar Services Limited, CVC House, 99-B. Block-B, S.M.C.H.5,, Main Shahrah-e-Falsal, KarachI -74400 at the close of business on AprIl 19.2022, will be treated in time for she purpose of aforesaid entitlement.

3.

Attarsdance in the Meetlng

A member entitled to attend, speak and vote at the Annual General Meeting nray appoint a proxy 10 attend and vote an hisllserbehalf and a pmrqrsoappoinled shall have the same rights In respect of speaking and votIng at lhenseeling as are available to a Member. An instrument of proxy in order to be tifective must be deposited at the Company's RegIstered Office,WestWharK Dockyard Road, Karachi-74000 orthroughemail atystrariobaboroakooygen comnol iessthan 48 hours before the time of the meeting. The prooy must be a member of the Company, except that a Corporation being a member of the Company may appoint as its proxy one of the officers or some other person though not a member of the Company. Further copies of Ike instrurrseot of prouy may be downloaded from the Company's websltelwwwnahoovoao.cos,ri. Members are requested to imrnsesliateiy notify any cirangein their address or bank mandate as registered lathe Company's Share Registrar, COC Share Registrar ServIces Umited, COC House, 99-B, Block-B, S.M.CH.S., Main Shahrah-e-FalsaL Karachl-74400,

3,

Guldellrses for CDC Account Holdenc

Account Holders of Central Depository Company of Pakistan Umited I'CDCl will further have to follow the

under-mentioned guidelines as laid down in Circular 1, dated 26 January 2000 issued by the Securities and Exchange Commission of Pakistan: k Far Attending the Meeting: in case of individuals, thu account holder or sub-account holder and/or the person, whose securIties are In group account and their registration details are uploaded as per the Reguia6ons, shall authenticate his/lrer identity by

showing hls/herorlgieaiCompureriaadNanionaildentitycardiChiClorarlginat passport,as appllcabie,atthetime

of attending the meeting.

iii in the case of a corporate entity, the Board of Dlreclors'resolution/pawer of attomey with specimen signature of the nominee shall be produced luniess it has been prodded caner) at Ike time of the meeting.

a ForAppolntingPratdno

• o in the case of lndidduals, the account holder or sub-account holder and/or the person, whose securities are in

group account and their registration details are uploaded as per the Regulations, shalt submit the proxy farm as per the above requicemenl.

iii The prouy form shall be witnessed by two yecsons whose names, addresses, end CNiC numbers shall be mentioned on the form.

liii Attested copies of CNIC or the passport of Ike kenoliciat owners and the prosy shail be furnished with the proxy form, ml The proxy shalt produce his/her original ChIC ororlgirsal passport as applicable at the lime of the meeting.

vl In thecaseafacorporaleenlily,lhe Boardof Directors'resalutiorvpoweraf attomeywlth specmnsensignature shall be submitted lunless it has been provided eerlierl along wlrh the proxy form to the Company.

4. CaronaidwaReletedCa,rllngencyPlannlng ferGesseral Meetlngs-Partldpatlon lntheddtMthroughMdeoUnkFadlfty

Pursuant to the Securities and Exchange Commission of Paklslarls Circular No. 4 xl 2021 dated February 15, 2021, and Circular No 6 of 2021 dated March 3,2021 and Ike ciariticatlon by Securiliesand EuclsangeCummissiov of Pakistanis letter No. SMD(SE)2120)/2021/l 17 dated December 15, 2021, and keeping in view the COVlD-19 situallan, the Company has decided Ihat itwould be advisable and appropriate for the Company to also hold Ins Annual General Meeting proceedings via video conference facility.

This des/sims has been taken to ensure the safety and well-being of the shareholders and participants, which is, and always wIll be, a paramount consideration for she Company. ihe Company has therefore taken measures lesplained belowl lx facilitate shareholders to participale In the Annual General Meeting through vIdeo link.

Shareholders Interested to participate in tine mee6ng through vIdeo linkarn requested to send their particulars set out in rho table below, by email, WhatsApp, or any other electronic means or by past or courIer wIth the subject'Reglsttntlon Pa AGM of Pakistan Onygees Umlted - 2022' along wilh a valid copy of both sides of the CNlC to Email, jnazhar.iabalmoahoovoen.com,Cell Phone Numbec [phone], Registered Office Address: Pakistan Oxygen Limited, West Wised, Dockyard Road, Ksrachi-74000

Name nfSleareheldem

cNlCNo,

FolIo Na,

Cell

Mdrous

The video link and login credentials wltl be shared with only those members/appoInted proxies, whose ernalls, containing tire aforesaid particulars, are received by the Company at least 48 hours before the time of AGM.

Mernlsors are encouraged to attend the meeting via video link.

For all those Members attending lkeAGM in persors Ihe Companywill be following srrlct COVID-19 tOPs.

5.

Subrnlnuion of CNIC/NTN (Mandatory):

Shareholders, who have not yet submilted a photocopy of sheir valid CNIC to the Company/Share Registrar, are once again requested to send their CNIC icopyl at the earliest directly to the Company's Share Registrar. Carporase Entities are also requested to pcovlde their National Tea Number INTRO.

AsperRegutallon No. 60f lhe Companies IDIstribution of Dloldendi Regulations, 2017, the Companywill be constrained lx withhold paymentof dividendtoshareholders,ln case uP non-availability of IdentIf ration number oftireshareholderarlhe authariead person lCt'ilCorNThU.

6,

UnctalnsedSharenmunpaid Dfoldersd

As per the provisions of Section 744 of the Companies Act, 2017, any shams issued or dividends declared by the Company whIch have remained unclaimed/unpaid bra perlodof threeyears from thedate it wasdue and payableam required to be deposiled with the Commission far credit to the Federal Government after Issuance of notices lathe shareholders to tile their claims. The details of the shares issued and dividends declared by the Company which have remained unclaimed/unpaid fora period ofthreeyears from the date these have become due and payable are available art Company's mebsile www,pakooygen.cam.Tha Company has also issued notices to shareholders and published a Final Notice in the newspapers to lodge their claims within 90 days 010011cc 10 the Company's aforesaid Share Registrar. Shareholders are requested to ensure that their claims for unclaimed shares/unpaid dividends are lodged timely. irs case no claim is received wilhin Ihe given period, the Company shall pwceed to deposit the unclaimed/unpaid amount with the Fedoral Government pursuant to sub-section 2 of Secrion 244 of the Companies Act, 2017.

7.

CirculatIon øf Audited Ftrsandal Statements tisraugh Small end byCD/DkV/US&

Fursuantto Noliilcatlon SRO No. 470111/2016 dated May 31, 2016, the SECP has allowed companies to circulate its audited Rnancial statements Ia the shareholders along with the notice of the Annual General Meeting IAGM'I through CD/DVD/IJSB or anyolher electronic media at their registered addresses.

Sherehoiders,whowlshtorecelnea hard copyaf the finandal statements lannual reportl along wlththe nod cn of AGM,map send the standard Raqueet Form to the Company's Spurn Registrar. The Standard Request Form it anallebla from the Company's website lwww.pahosygen.comi.

0.

AvallabllftyofAnnuel Audited Plnandal Stateresers0anthe Compariy'swebsitns in accnrdance wilh the provisions of Section 223171 of the Companies Act 7017, the audited Osancial statements of the Company for the yearendad December31, 2021, are avoilablean theCowpany'swebslle iwoahmevaes5.cott0l.

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ConveretonofFlrystcal SirareslngetheBook-EatnyFaesn: in continuation of the Company's earSer notification on the subject through direct letter and notice in the press, shareholders, who still hold shares in physIcal losers, are once again requested to convert theIr physical sharen Into booh-enlry form at the earilest for compliance with Sactian 7212) of the Companies Act, 2017. Shareholders may contact a PSX Member, CDC Participant, or CDC Investor Accounts Services Provider for assIstance in opening a CDS Account and subsequent conversion of the physical shares into boots-entry form.

Maintaining shares in book-nosy form has many advantages such as safo custody of shares, avoidance of formalities requiredforlssuance of duplicate shares, and readily available for sale and purchase in the open marker, asbettor rates.

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NOTICE OF ANNUAL GENERAL MEETING

Tuesday, the 26th day of

April 2022 at 2:00 p.m.

Pakistan Oxygen

NOTICE OFANNUAL GENERAL MEETING

Notice is hereby given that the 73' Annual General Meeting of PAKISTAN OXYGEN LIMITED will be held on Tuesday, the 26th day of April 2022 at 2:00 p.m. virtually via Video Link Facility and in person at the Company's Registered Office, West Wharf, Dockyard Road, Karachi to transact the following business:

ORDINARY BUSINESS:

1. To receive and consider the Financial Statements of the Company for the year ended December31 2021 and Reports of the

Directors and Auditors thereon.

2. To appoint the Auditors of the Company and to fix their remuneration.

SPECIAL BUSINESS:

3. To capitalize a sum of Rs. 117,181,208 out of the un-appropriated profits of the Company for the issuance of 11,718,121

Bonus Shares to the Members of the Company as at the close of business on April 19, 2022 in the proportion of 25 ordinary shares for every 100 ordinary shares held at that date.

By Order of the Board

Karachi: March 7, 2022

Mazhar IqbaI Company Secretary

NOTES:

• 1. Closure of Share Transfer Books:

  Share Transfer Books of the Company will remain closed from April 20, 2022 to April 26, 2022 (both days inclusive). Transfers received at the office of the Company's Share Registrar; 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 April 19, 2022 will be treated in time for the purpose of aforesaid entitlement.

• 2. Attendance in the Meeting:

  A member entitled to attend, speak and vote at the Annual General Meeting may appoint a proxy to attend and vote on his/her behalf and a proxy so appointed shall have the same rights in respect of speaking and voting at the meeting as are available to a Member. An instrument of proxy in order to be effective must be deposited at the Company's Registered Office, West Wharf, Dockyard Road, Karachi-74000 or through email [e-mail] not less than 48 hours before the time of the meeting. The proxy must be a member of the Company, except that a Corporation being a member of the Company may appoint as its proxy one of the officers or some other person though not a member of the Company. Further copies of the instrument of proxy may be downloaded from the Company's website: (www.pakoxygen.com).

  Members are requested to immediately notify any change in their address or bank mandate as registered to the Company's Share Registrar, CDC Share Registrar Services Limited, CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi-74400.

3.

Guidelines for CDC Account Holders:

Account Holders of Central Depository Company of Pakistan Limited ("CDC") will further have to follow the under-mentioned guidelines as laid down in Circular 1, dated 26 January 2000 issued by the Securities and Exchange Commission of Pakistan:

• A. For Attending the Meeting:

  • i) In case of individuals, the account holder or sub-account holder and/or the person, whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his/her identity by showing his/her original Computerized National Identity Card (CNlC) or original passport as applicable at the time of attending the meeting.

  • ii) In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the meeting.

• B. For Appointing Proxies:

  • i) In case of individuals, the account holder or sub-account holder and/or the person, whose securities are in group account and their registration details are uploaded as per the Regulations, shall submit the proxy form as per the above requirement.

  • ii) The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.

    • iii) Attested copies of CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.

    • iv) The proxy shall produce his/her original CNIC or original passport as applicable at the time of the meeting.

    • v) In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature shall be submitted (unless it has been provided earlier) along with proxy form to the Company.