Avanceon Limited to Hold 20th Annual General Meeting in Lahore on May 29, 2023.

Karachi -- Avanceon Limited has announced that it will hold its 20th Annual General Meeting on May 29, 2023, at Lahore. The meeting will cover a range of business activities, including the confirmation of minutes from the previous meeting, consideration and adoption of the standalone and consolidated audited financial statements, appointment of auditors, approval of bonus shares issue, and election of seven directors for a three-year term.

The shareholders will be asked to consider and approve the issue of bonus shares at the rate of 15%, which will be allotted as fully paid ordinary shares to members whose names appear on the Register of Members as of May 19, 2023. Fractional entitlements of members will be consolidated into whole shares and sold in the stock market, with...