THS Kingsway Fund purchases above 0.13m shares of BAT

One of the high net worth clients of the Pictet, a leading investment bank in Europe, has purchased above 0.13 million shares of British American Tobacco Bangladesh Company (BATBC) at prevailing market price.

According to a company disclosure, the trade has been completed in the block market at prevailing market price.

PICTET LUX A/C THS KFFC (THS Kingsway Fund) earlier expressed its intention to purchase the said amount of shares at prevailing market price dated on April 4 last.

"...the aforesaid trade has been executed accordingly," said the company disclosure.

Meanwhile, after the Sunday's trading session, the share price of the BATBC settled at Tk 1616.90 each from Tk 4565.50 on adjustment of dividend after the record date.

The company earlier recommended 500 per cent cash and 200 per cent stock dividend for the year ended on December 31, 2018.

According to the DSE, the company's board has also decided to increase the authorised capital from Tk 600 million to Tk 5.4 billion by amending the relevant clauses of the Memorandum of Association and the Articles of Association, subject to the approval of the shareholders in the EGM.

The company has also reported EPS of Tk. 166.87, NAV per share of Tk. 492.15 and NOCFPS of Tk. 150.13 for the year ended on December 31, 2018 as against Tk. 130.50, Tk. 385.21 and Tk. 162.22 respectively for the same period of the previous year.

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