GP declares 60pc cash dividend
Saturday, 20 March 2010
FE Report
Grameenphone (GP) board has recommended 60 per cent cash dividend for its shareholders for the year 2009.
The recommendation came Friday at a board meeting of the GP held in Bangkok, a senior GP executive informed the FE.
The trading of GP shares began in bourses from November 16, 2009 after the country's largest mobile phone operator raised Tk 4.86 billion through the sale of 69.44 million shares to the public and the same amount by selling similar stakes to institutional investors such as banks, insurances and mutual funds.
The SEC on Aug 20, cleared the GP to float ordinary shares of Tk 10 each, with a premium of Tk 60 per share, for public subscription.
Out of the total of 312,501 shares, local investors were allocated 277,757, a further 34,720 went to non-resident Bangladeshis and 24 to the mutual funds, according to the figures provided by the GP.
The pre-IPO or private placement of Tk 4.86 million was completed in December last year.
Grameenphone (GP) board has recommended 60 per cent cash dividend for its shareholders for the year 2009.
The recommendation came Friday at a board meeting of the GP held in Bangkok, a senior GP executive informed the FE.
The trading of GP shares began in bourses from November 16, 2009 after the country's largest mobile phone operator raised Tk 4.86 billion through the sale of 69.44 million shares to the public and the same amount by selling similar stakes to institutional investors such as banks, insurances and mutual funds.
The SEC on Aug 20, cleared the GP to float ordinary shares of Tk 10 each, with a premium of Tk 60 per share, for public subscription.
Out of the total of 312,501 shares, local investors were allocated 277,757, a further 34,720 went to non-resident Bangladeshis and 24 to the mutual funds, according to the figures provided by the GP.
The pre-IPO or private placement of Tk 4.86 million was completed in December last year.