EBL's authorised capital raised to Tk 12b
Tuesday, 29 June 2010
FE Report
The authorised capital of Eastern Bank Limited (EBL) has been raised to Tk 12 billion (1200 crore) from existing Tk 3.30 billion (330 crore).
The disclosure came at the 5th extra-ordinary general meeting (EGM) held in the city Monday.
Presided over by Md Noor Ali, chairman of the board of directors of the company, the meeting was attended by directors Mir Nasir Hossain, AM Shaukat Ali, Asif Mahmood, Ali Reza Iftekhar, managing director (MD) and CEO and Safiar Rahman, company secretary of EBL.
A large number of shareholders present at the EGM unanimously approved the special resolutions relating to change the denomination of shares (Face Value) of EBL from existing Tk 100 (Tk 100) only at par to Tk 10.00 (Tk 10) only at par and to determine the market lot of the shares from existing 20 to 200 per lot;
Increase the authorised capital of the company (EBL) from existing Tk 3.30 billion (330.00 crore) only divided into 3,30,00,000 ordinary shares of Tk 100 (one hundred) each to Tk 12 billion (1200.00 crore) only divided into 120,00,00,000 ordinary shares of Tk 10 (Ten) each;
And amendment to relevant Clause (Cha) of the Memorandum of Association, and amendment to relevant Clause 4 of the Articles of Association of the company (EBL) as quoted in the notice for the EGM.
The authorised capital of Eastern Bank Limited (EBL) has been raised to Tk 12 billion (1200 crore) from existing Tk 3.30 billion (330 crore).
The disclosure came at the 5th extra-ordinary general meeting (EGM) held in the city Monday.
Presided over by Md Noor Ali, chairman of the board of directors of the company, the meeting was attended by directors Mir Nasir Hossain, AM Shaukat Ali, Asif Mahmood, Ali Reza Iftekhar, managing director (MD) and CEO and Safiar Rahman, company secretary of EBL.
A large number of shareholders present at the EGM unanimously approved the special resolutions relating to change the denomination of shares (Face Value) of EBL from existing Tk 100 (Tk 100) only at par to Tk 10.00 (Tk 10) only at par and to determine the market lot of the shares from existing 20 to 200 per lot;
Increase the authorised capital of the company (EBL) from existing Tk 3.30 billion (330.00 crore) only divided into 3,30,00,000 ordinary shares of Tk 100 (one hundred) each to Tk 12 billion (1200.00 crore) only divided into 120,00,00,000 ordinary shares of Tk 10 (Ten) each;
And amendment to relevant Clause (Cha) of the Memorandum of Association, and amendment to relevant Clause 4 of the Articles of Association of the company (EBL) as quoted in the notice for the EGM.