UCBL AGMs on June 7 after long 11 years
Tuesday, 20 April 2010
FE Report
The United Commercial Bank Limited (UCBL) will hold its annual general meetings (AGMs) after long eleven years on June 7 to approve stock dividends for the years from 2002 to 2006.
The board of directors of the UCBL declared the date in a meeting Monday. The board also decided to hold an extraordinary general meeting (EGM) on the same day to increase its authorised capital from Tk 1.0 billion to Tk 2.0 billion.
The new record date for the AGMs is May 10.
A recent verdict of the Supreme Court has cleared the hurdle for holding the AGMs after long eleven years.
The UCBL board has recommended stock dividends at the rates of 90 percent for the years 2002, 2003 and 2004, 50 per cent for 2005 and 40 percent for 2006.
The shareholders, whose names will appear in the bank's register for members on the new record date will be eligible to attend the meeting.
The United Commercial Bank Limited (UCBL) will hold its annual general meetings (AGMs) after long eleven years on June 7 to approve stock dividends for the years from 2002 to 2006.
The board of directors of the UCBL declared the date in a meeting Monday. The board also decided to hold an extraordinary general meeting (EGM) on the same day to increase its authorised capital from Tk 1.0 billion to Tk 2.0 billion.
The new record date for the AGMs is May 10.
A recent verdict of the Supreme Court has cleared the hurdle for holding the AGMs after long eleven years.
The UCBL board has recommended stock dividends at the rates of 90 percent for the years 2002, 2003 and 2004, 50 per cent for 2005 and 40 percent for 2006.
The shareholders, whose names will appear in the bank's register for members on the new record date will be eligible to attend the meeting.