Lafarge Surma recommends rights
Wednesday, 11 May 2011
The board of directors of Lafarge Surma Cement Ltd has recommended for issuance of rights shares at 1R:1 at par subject to approval of the SEC. The board has also decided to increase the authorized capital of the company from Tk 7.0 billion to Tk 14 billion. Relevant clausesarticles of Memorandum and Articles of Association of the company will also be amended accordingly. The extraordinary general meeting (EGM) of the company will be held at Bangabandhu International Conference Center, Agargaon, Dhaka at 10:00am on June 16. The record date is May 31. Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from the SEC.