Interim Cash Dividend Notice of Book Closure

Published in The News

GlaxoSmithKline Pakistan limited

The Board of Directors of GlaxoSmithKline Pakistan Limited in its meeting held on October 26, 2017 has declared Interim Cash Dividend @ 30% i.e. Rs.3.00 per share. 

To determine the entitlement for the Interim Cash Dividend, Share Transfer Books of GlaxoSmithKline Pakistan Limited will remain closed from November 10, 2017 to November 17, 2017 (both days inclusive). The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on November 10, 2017. Transfer requests received at the close of business on November 09, 2017 will be treated in time for the purpose of the above entitlement to the transferees.

Revision of Withholding Tax on Dividend Income:

Please further note that under Section 150 of the Income Tax Ordinance, 2001 and pursuant to Finance Act 2016 withholding tax on dividend income will be deducted for ‘Filer’ and ‘Non-Filer’ shareholders @ 12.5% and 20% respectively. According to clarification received from Federal Board of Revenue (FBR) withholding tax will be determined separately on ‘Filer/Non-Filer’ status of Principal shareholder as well as Joint Holder(s) based on their shareholding proportions, in case of joint accounts.

In this regard, all shareholders who hold shares with joint shareholders are requested to provide shareholding proportions of Principal shareholder and Joint Holder(s) in respect of shares held by them to our Share Registrar, in writing as follows:

Notes: The required information must reach our Share Registrar on or before November 09, 2017; otherwise it will be assumed that the shares are equally held by Principal shareholder and Joint Holder(s).           

Shareholders are therefore requested to please check and ensure Filer status from Active Taxpayers List (ATL) available at FBR website as well as ensure that their CNIC / Passport number has been recorded by the Participant / Investor Account Services or by Company’s Share Registrar (in case of physical shareholding). Corporate bodies (non-Individual shareholders) should ensure that their names and National Tax Numbers (NTN) are available in ATL at FBR website and recorded by respective Participant / Investor Account Services or in case of physical shareholding by Company's Share Registrar.

The shareholders are requested to notify any change in their addresses and provide their updated CNIC/NTN/ IBAN (if not provided earlier) to our Shares Registrar/Share Transfer Agent, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block – B, S.M.C.H.S., Main Shahra-e-Faisal, Karachi. Telephone No. 0800-23275. 

By the Order of the Board

Company Secretary

Karachi: 03 November, 2017