CA/PSX/ 1549

Form - 3

Thru: PUCARS / Courier

June 26, 2023

The General Manager,

The Executive Director/HOD,

Pakistan Stock Exchange Limited (PSX), Offsite-II Department, Supervision Division

Stock Exchange Building,

Securities and Exchange Commission of Pakistan

Stock Exchange Road,

63, NIC Building, Jinnah Avenue, Blue Area,

KARACHI.

ISLAMABAD.

FINANCIAL RESULTS

FOR THE FINANCIAL YEAR ENDED JUNE 30, 2022

Dear Sir,

This is to inform you that the Board of Directors of our Company in their meeting held on June 26, 2023 at 02:30 p.m. at Islamabad, recommended the following:-

  1. Cash Dividend:
    A final Cash Dividend of Rs. 1.50 per share i.e. 15% for the year ended June 30, 2022. This is in addition to interim Cash Dividend of Rs. 2.50 per shares i.e. 25% for the period ended December 31, 2021.

ii.

Bonus Shares:

NIL

iii.

Right Shares:

NIL

iv.

Any Other Entitlement / Corporate Action:

NIL

v.

Any Other Price-Sensitive Information:

NIL

The financial results is enclosed as per (Annexure-A).

Further, the Auditors in their report to the members have stated as under:

"We draw attention to the note 28.3 to the financial statements which explains that the settlement of circular debt, including tariff adjustment receivable determined or deferred by OGRA (refer note 32 and note 36) is dependent upon the resolution of intercorporate balances by the Government of Pakistan, and increase in gas prices or subsidy by the Government of Pakistan to the Company.

Our opinion is not modified in respect of this matter."

The Annual General Meeting of the Company will be held on Tuesday, August 01, 2023 at 10:30 a.m. at Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Tuesday, July 25, 2023.

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Sui Northern Gas Pipelines Ltd. published this content on 26 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2023 10:29:08 UTC.