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Dadex Eternit Limited’s notice for the re-appointment of chief executive officer

Karachi: Enclosed please find a copy of notice, despatched to the shareholders of the Company, intimating them about the re-appointment of the Chief Executive Officer of the Company, under section 218 of the Companies Ordinance, 1984.

Information on the Appointment of the Chief Executive Officer (‘CEO’) of the Company under Section 218 of the Companies Ordinance, 1984 (‘CO’)

We are pleased to inform you that the Board of Directors of the Company in their meeting held on September 13, 2011, has decided to re-appoint Mr. Sikander Dada as CEO for a further period of three years commencing from September 01, 2011 on the same remuneration and terms and conditions.

In accordance with these terms and conditions Mr. Sikander Dada shall be entitled to a managerial remuneration of Rs. 6 million per annum in addition to the perquisites and other entitlements arising under his terms of employment with the Company and the applicable policies and Service Rules of the Company.

The above remuneration shall be subject to such increments, bonuses, adjustments and other entitlements as may be granted at any time and or from time to time by the Board of Directors of the Company and or in accordance with the policies and Service Rules of the Company for the time being in force.

Please note, this letter is being sent to you for your information and record pursuant to Section 218 (2) of the CO.

For more information, contact:
Zahid Mahmood
Company Secretary
Dadex Eternit Limited
Dadex House 34-A/1, Block-6,
P.E.C.H.S. Shahrah-e-Faisal,
Karachi 75400.
Tel: (92-21) 111 000 789
Fax: (92-21) 34315716
E-mail: info@dadex.com
Web: www.dadex.com

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