DSE NEWS
Recommendtion of dividend
Global Insurance Company Ltd.: The Board of Directors has recommended 5 per cent stock dividend for the year ended on December 31, 2017. The AGM will be held on July 14, 2018, at 11:00 am, at 'FARS Hotel & Resorts' 212, Shaheed Syed Nazrul Islam Sarani, Purana Paltan Dhaka-1000. The record date is on May 30, 2018. The company has also reported EPS of Tk. 0.43, NAV per share of Tk. 11.92 and NOCFPS of Tk. (0.35) for the year ended on December 31, 2017 as against Tk. 0.55, Tk. 12.29 and Tk. (0.14) respectively for the same period of the previous year.
Sale confirmation
Western Marine Shipyard Limited: Western Marine Services Limited, one of the corporate sponsors of the company, has completed sale of its entire holding 6,06,412 shares of the company at prevailing market price through stock exchange as announced earlier.
Mr. Md. Shah Alam, one of the Directors of Western Marine Shipyard Limited, has completed his sale of 2,51,292 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
United Insurance Ltd.: Camellia Duncan Foundation, one of the corporate directors of the company, has further reported that it has completed sale of 1,00,000 shares of the company at prevailing market price through stock exchange as announced earlier.
Intention to sell shares
United Insurance Ltd.: Camellia Duncan Foundation, one of the Corporate Directors of the Company, has expressed its intention to sell 1,00,000 shares out of its total holding of 65,91,261 shares of the company at prevailing market price (in the Public Market) through stock exchange (DSE) within next 30 working days.
CSE NEWS
Board meeting
Prime Finance & Investment Limited: A board meeting of the company will be held on May 15 to consider, among others, un-audited financial statements for the Q1.
Credit rating
Bay Leasing & Investment Ltd.: Emerging Credit Rating Limited (ECRL) has assigned the initial rating of Bay Leasing & Investment Ltd. as "A" 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, 2017 and other relevant quantitative as well as qualitative information up to the date of rating.
Spot trading
Eastland Insurance Company Ltd.: Trading of the shares of the company the spot market from today (Sunday) to tomorrow (Monday) as the record date of the company is on May 15, 2018.
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