UCL AGM approves 75pc stock dividend

The 13th annual general meeting (AGM) of Union Capital Limited (UCL) has approved 75 per cent stock dividend for the year that ended on December 31, 2010. The AGM was held in the city Monday. UCL Chairman Kazi Golam Rahman presided over the meeting, said a press release. Members of the board of directors, managing director and chief executive officer, executive vice president and company secretary were present at the meeting. A large number of shareholders attended the AGM. During his presidential address, the UCL chairman thanked customers, patrons, well wishers, shareholders, regulators, directors and staff for their relentless support extended to the company in 2010. A number of shareholders spoke at the meeting and appreciated UCL's performance during the year 2010.