The General h4an.agei
Pakistan St‹ack Exchange I.iiiiitc‹l,
Stock Exc1i.iny•e Biiilc)ing, Stock ExCl2ai2 0 IJL3iâL , Karachi.
F-ilinp of Certified Copy of Resolutions Passed by the Shareholders of Media Times Limited in its Extraordinary General Meeting, held on 24fhSeptember 2025.
Dear Sir,
In compliance uncler clause 5.6.9(b) of PSX Regulations, we are pleased to submit hereis•ith certifiecJ ctipy of the resolutions passed and adopted by the members of Media Times Limited in its Extraordinary General Meeting helc4 on 24 September 2025.
The above is submitted for information of the Exchange. Yours truly,
For and on behalf of
Media Times Limited
Shahzad Jawahar Company Secretary
96-B, Lower Ground Floor, Pace Mall Building, M.M. Alam Road, Gulberg-il, Lahore TEL: +92-42-35778217-18
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Cei'tificd Copy of Resolutions Passed bathe Shareholders ofMedia Times Limite‹i in its Exti'aordinary General Meeting Held on 24'h September2025
Ordin.ary business
1. T‹› confii iu the lninutes of Annual General Meeting held on 28 October 2024;
"RESOLVED THAT the minutes of the Annual General Meeting held on 28 Octr her 2024 be and arc hereby approved."
Special business
(1) To make equity investment in Pace Barka Properties Limited, in this regard to
pass the following Special resolutions with or without modifications;"RESOLD ED THJYT the Chief Executive/ any Director of Media Times Limited ("the Coni(›any") be ance is hereby authorized to take all necessary steps to make equity investment(si)ii the Share Capital of Pace Barka Properties Limited ("Pace Barka"), up to the extent of 1,000 million (Rupees one thousand million only) in accordance v•ith the provisions of section 199 of the Companies Act, 2017, on such terms and conditions as to be authorized by the Board of Directors of the Company. Further, the Chief Executive/ any Director of the Company is also authorized to disinvest such investments, from time to time on terms and conditions to lie authorized by the Board of Directors of the Company".
"RESOLV L+i i'uitTHER THAT the Clfief Executix•e//an)r irecter of the Company be anti is hereby autliorizc‹J to complete all necessar y required corporate and legal formalities for the completion of subject investments, inclucJing necessary filings etc.
(II) To obtain the authorization in favour of CEO of the Company for sale of Print and Social media business to Pace (Pakistan) Limited, in this regard to pass the following Ordinary resolutions with or without modifications,"RESOLVED THAT the Chief Executive/any Director of Media Times Limited ("the Company") be anr4 is hereby authorized, singly, to negotiate and finalize the sale
/transfcr of the Company's Print and Social media Business to Pace (Pakistan) Limited or to any prospechve buyer for a consideration not less than Rs. 560.00 (Rupees eight hunclrecJ sixty million only),"
-nzsoLvEn runTHzR THAT the Chief Executive/any Director of the Company, be anal is hereby authorized, singly, to negotiate, execute, sign and deliver all sale/conveyance/transfer deeds, documents, agreements and contracts, charge
-B, Lower Ground Floor, Pace Mall Building, M.M. Alam Road, Gulberg-II, Lahore
TEL: +92&2-35778217-18
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documents,
including transfer of possession of above mentioned business to Pace
(Pakistan) Limited or any prospective buyer etc. and to perform all and any ancillary, incidental and allied things, deeds or actions required for the sale and transfer of the above said Company'sbusiness.
"RESOLVED FURTHER THAT certified true copy of the resolution duly signed by
the Chief Executive Officer/anyDirector of required.
Shahzad Jawahar Company Secretaq• Media Times Linuted
the Company be submitted where
96-B, Lower Ground Floor, Pace Mall Building, M.M. Alam Road, Oulberg•ll, Lahore
TEL: +92-42-35778217•18
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