FAQs (Frequently Asked Questions)

How can I buy shares?

If you’re looking at investing in any Stock Exchange Limited Company , you need to go through a broker of your choice. The broker will provide you relevant information and necessary requirements including payment of a commission and stamp duty on share dealings. (Please see the list of brokers in the table below).

How do I change my personal details?

To change your personal details, you need to fill in a Shareholder Information Form. These forms are available at the Company’s OFFICE as well as also available on company website.

How are dividends paid to shareholders?

Payment of dividends is done by means of postage of cheque at registered address at home or at shareholder Bank Account or Electronic Fund Transfer (EFT)

How can I contact the Company when I am out of the Country or can’t go to the Company offices?

You may contact to company by a call/email/fax.

How can I replace my lost share certificate?

Report the matter to police and obtain a FIR which you should deliver to the Company’s Share Registrar Office. This should be accompanied with a dully signed letter to the Company Secretary notifying of the loss of share certificate with basic information, the indemnity bond, Newspaper published notice and a copy of the Police FIR Letter to the share registrars who then prepare a replacement share certificate for the shareholder. The time frame for replacement of a share certificate may vary depending on the level of transactions at the Registrar.

What is the role of the Company registrars?

• To keep an up-to-date record of all shares bought,
• Maintain and update a database of the names of individual shareholders, their shareholdings, their addresses, and signatures amongst other salient information.
• To change addresses and signatures of shareholders upon request and verification
• Pay dividend to shareholders whose names are on the register at book closure.
• Replace lost certificates
• Transfer shares on request on seller to buyer.
• Transfer shares on behalf of a deceased holder.

What are my rights as a shareholder?

• Right to receive dividends.
• Right to participate in decision making.
• Right to sell shares.
• Right to first refusal to buy additionally issued Right shares.
• Right to participate in the distribution of the Company’s profits incase of liquidation.

How do I get information from the Company on the Company’s activities, AGMs, payment of dividends, etc.?

Communication from the Company can be received via post, telephone, email . The Company sends communication to shareholders through post, emails and newspapers. The Company website is www.ckmgmt.org. Shareholder information is on the shareholder page on the website. Annual Reports are delivered annually to shareholders through postal addresses provided. The company is continually looking to update shareholder details to effectively communicate with shareholders so shareholder should be encouraged to send in details through the various forums.

When are dividends paid to shareholders and how much is payable?

The amount of dividend declared depends on the Company’s profits and the amount of dividend paid to a shareholder depends on the number of shares held at the time of book closure. Interim dividends are based either on quarter or half year results whereas final dividends are paid at the end of ever financial year.

Why does the share price fluctuate at times?

The share price depends on the market forces and thus can never be constant. When the market is low the share price goes down. Expectations of buyers and sellers, with reference to how much profit will be made, also plays an important role in price behavior. If a company does not achieve, shareholders start to sell and look for other shares. On the other hand, when a company performs well and declares good dividends, demand for shares surpass supply and investors are happy to pay a higher price thus the price rises. In addition, when prospective buyers outnumber sellers, the share price rises whereas when the sellers outnumber the buyers, the share price lowers.

What is the limit of shares that I can purchase?

There is no limit on the number of shares a person can purchase so long as the shares are available on offer.

What do I do if I receive an expired cheque?

Upon receipt of an expired cheque, a shareholder is required to return the cheque to the Company. However sufficient justification for not cashing the same is required as cancelling cheques or revalidation postage comes at a cost to the business. Shareholder should be encouraged to constantly update their personal details e.g. postal addresses check their boxes regularly to ensure the cheques are received on time and contact the company if a few weeks after date announced for dividend payment they still have not received payment.

How can I claim my unpaid dividends?

Can I collect dividends on behalf of someone else?

It is not possible to claim another person’s dividends however in with certain conditions we could allow someone to collect on behalf of someone else e.g. for a shareholder who is out of the country, if there is a power of attorney.

What do I do to transfer the shares of a deceased to me?

Transfer of shares is done by the Company’s share registrars (C&K Management Associates(Pvt) Ltd.) You will need to produce the shareholder’s share certificate, proof of death, the deceased’s will or Succession Certificate from Court. However, administrators or executors can claim but there has to be proof that the person is the appointed executor or administrator i.e.

How can I find out how many shares I hold?

You can determine the number of shares by referring to your share certificates, or refer to your recent CDSC statement or the most recent dividend warrant or by contacting Shares Registrar by dully signed request letter.

How can I buy or sell shares?

You can only buy or sell shares through a stockbroker. There are currently ____ stockbrokers firms authorized by the Securities and Exchange Commission of Pakistan engage and regulate this business. (Please see list of brokers).

What are Share Certificates?

These are evidence of your ownership of the shares and represent your interest in the company. Share certificates are only issued out to shareholders who purchase shares and do not hold a CDC account.

What should I do if I cannot locate my share certificate?

Please notify company Shares Registrar

I cannot attend the AGM. Can I send a proxy?

Yes you can. Please complete out the proxy form enclosed in the Annual Report and return it back to us at least twenty four (24) hours before the time of the AGM.

What is the CDS?

CDC stands for the Central Depository Company. This is a computer system that facilitates holding of securities in electronic accounts opened by shareholders and the process of transferring shares traded at the Stock Exchange.