Apex Footwear recommends 25pc cash dividend

The board of directors of Apex Footwear Ltd, a pioneer in the manufacture and export of leather footwear from Bangladesh, has recommended 25 per cent cash dividend for the year ended on June 30, 2020.

The board has also recommended to amend/inclusion/deletion of the Articles of Association of the Company subject to approval by the shareholders at an extraordinary general meeting (EGM), according to a disclosure posted on the Dhaka Stock Exchange website on Tuesday.

The EGM and annual general meeting (AGM) will be held on November 12 at 11:00am and 11:15am respectively using the digital platform. The record date for EGM and AGM is on October 12. The leading shoemaking brand in Bangladesh has also reported earnings per share (EPS) of Tk 5.62, net asset value (NAV) per share of Tk 249.95 and net operating cash flow per share (NOCFPS) of Tk 144.14 for the year ended on June 30, 2020 as against Tk 10.91, Tk 249.83 and Tk 86.29 respectively for the same period of the previous year.

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