UNB, Dhaka :
The Board of Directors of First Security Islami Bank Ltd, AB Bank Ltd and GBB Power on Thursday recommends cash and stock dividends for the year ended on December 31, 2014.
The Board of Directors of First Security Islami Bank Ltd has recommended 10 percent cash dividend only for Shareholders except Sponsors/Directors for the year ended on December 31, 2013, according to DSE website.
The Sponsors/Directors holding total 210,974,520 shares of the Company will not be entitled to recommended dividend. The total amount payable to public Shareholders as dividend is Tk. 200,464,200.00.
The Board has also decided to issue Rights shares @ 1R:2 (i.e. 1 Rights share for every 2 Ordinary shares) of Tk. 10.00 each at an issue price of Tk. 12.00 each (including a premium of Tk. 2.00 per share) subject to the approval by the shareholders and regulatory authorities. Purpose of the Rights share issue is to enhance and strengthen the capital base of the Company. (cont.)
The Board of Directors of AB Bank Ltd has recommended 5 percent cash dividend and 7 percent stock dividend for the year ended on December 31, 2013. The Board has also decided to issue ‘AB Bank Subordinated Bond’ up to Tk. 250.00 crore for Tier-II Capital subject to approval of the concerned Regulatory Authorities and EGM of the Company.
The Date of EGM and AGM is 21.04.2014 at 9:00 AM and 9:15 AM respectively, at Bashundhara Convention Centre
The Record date for EGM and AGM: 25.03.2014. The Company has also reported Consolidated EPS of Tk. 2.20, Consolidated NAV per share of Tk. 34.78 and Consolidated NOCFPS of Tk. 1.03 for the year ended on December 31, 2013.
Meanwhile, the Board of Directors of GBB Power has recommended 15 percent stock dividend for the year ended on December 31, 2013.
