Yeakin Polymer will be downgraded to 'B' category from existing 'A' category with effect from Sunday next as the company approved 5.0 per cent stock dividend for the year ended on June 30, 2017.
"The stock brokers and merchant bankers are requested to abstain from providing loan facilities to their clients against trading of the shares of Yeakin up to 30 trading days from December 24 as per securities regulator's directive in this regard," said a disclosure.
The board of directors of the company has approved 5.0 per cent stock for the year ended on June 30, 2017. In 2016, the company disbursed 10 per cent stock dividend.
The company has also reported earnings per share (EPS) of Tk 0.58, NAV per share of Tk. 13.00 and NOCFPS of Tk. 0.05 for the year ended on June 30, 2017 as against Tk. 0.66 (restated), Tk. 15.62 and Tk. 0.80 (restated) respectively for the same period of the previous year.
Each share of the company, which was listed on the Dhaka bourse in 2016, closed at Tk 22.50 on Thursday on the DSE.
The company's paid-up capital is Tk 649 million and authorised capital is Tk 1.0 billion while the total number of securities is 64.90 million.
Sponsor-directors own 30.52 per cent stake in the company while institutional investors own 16.19 per cent and the general public 53.29 per cent as on November 30, 2017, the DSE data shows.
Meanwhile, Shepherd Industries will be placed in 'A' category from existing 'N' category with effect from Sunday next as the company has reported disbursement of 10 per cent stock dividend for the year ended on June 30, 2017.
The stockbrokers and merchant bankers are also requested to abstain from providing loan facilities to their clients against trading of the shares of Shepherd Industries up to 30 trading days from December 24 as per securities regulator's directive in this regard.
Shepherd Industries, which made its share trading debut in March 2017 under 'N' category, floated 20 million ordinary shares at an offer price of Tk 10 each and raised a fund worth Tk 200 million from the public using the fixed price method.
The company's price closed at Tk 29.30 on Thursday on the DSE.
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