News Briefs 14-07-2022

Shanta First Income Unit Fund declares 10pc dividend
The Trustee of Shanta First Income Unit Fund has announced 10 per cent (BDT 1.0 per unit) dividend for FY 2021-22, which came to an end on 30 June 2022 for its investors. Earnings Per Unit (EPU) of the fund stands at BDT 1.14, implying that the fund has disbursed 87.7% of its earnings to its investors. Now they can opt for the dividend as cash or reinvest the dividend by purchasing units of the said fund for further growth. Shanta Asset Management Limited -- sponsor and asset manager of the fund --stipulates that only the shareholders who have held units on 30 June 2022 will be entitled to the reception of the declared dividend.
— Statement
Board meetings
Padma Islami Life Insurance Ltd: A board meeting of the company will be held on July 18, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the second quarter period ended June 30, 2022.
Trust Bank: A meeting of the board of directors will be held on July 19, 2022 at 2:45 PM to consider, among others, un-audited financial statements of the company for the second quarter period ended June 30, 2022.
Query response
Nialco Alloys: In response to a DSE query dated July 13, 2022, Nialco Alloys Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
Credit rating
Prime Bank: Emerging Credit Rating Limited (ECRL) has assigned surveillance credit rating of the company as "AA" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements of the company up to December 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating.
Change of office address
People's Leasing & Financial Services Ltd: The head office of the company will be shifted to its new address at Paramount Heights, Level-12, 65/2/1, Box Culvert Road, Purana Paltan.
BD Paints Limited: The corporate office of BD Paints Ltd has been changed to its new address at House # 80 (4th Floor), Road # 08 Baridhara DOHS, Dhaka Canto-nment from 1st July 2022.
— DSE/CSE Online

Buy intention
Central Insurance: Dr. Jahanara Arzu, one of the directors of Central Insurance Company Ltd, reported her intention to buy 1,00,000 shares of the Company at prevailing market price (in the public market) through Dhaka Stock Exchange within next 30 working days.
Sale confirmation
NCC Bank: Mr. Nisar Kader, one of the sponsors of the company, informed that he has completed his sale of 81,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 21.06.2022.
Bangladesh Monospool Paper Manufacturing Co. Limited: Pearl Paper and Board Mills Ltd, one of the sponsors of the company, has further informed that it has completed its sale of 63,526 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 03.07.2022.
Paper Processing & Packaging Limited: Magura Group Ltd., one of the corporate directors of the company, informed that it has completed its sale of 3,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 03.07.2022.