CORPORATE BRIEFS
BATA SHOE
The company's Board of Directors recommended 105 percent final cash dividend (Tk 10.50 per share of Tk 10), as of December 31, 2009. AGM will be held on June 24 (at 10:30am) at Dhamrai factory premises in Dhaka. The record date is May 11. The company also reported net asset value of Tk 1,120.49 million, earnings per share of Tk 32.85 and net operating cash flow per share of Tk 39.09, as of December 31, 2009.
GREEN DELTA INSURANCE
The insurer recommended 25 percent cash dividend for 2009. The company's Board of Directors also decided to increase authorised capital from Tk 50 crore to Tk 100 crore, subject to approval of shareholders in the EGM and regulatory authorities. The EGM and AGM will be held on June 30 (at 10:30am and 11am respectively) at Hotel Purbani International in Dhaka. The record date is May 6. The insurer also reported earnings per share of Tk 56.99, net asset value per share of Tk 524.14 and net operating cash flow per share of Tk 16.22, as of December 31, 2009. There was no price limit on the trading of shares yesterday following its corporate declaration.
ACI FORMULATIONS
The company's Board of Directors recommended 25 percent cash dividend (Tk 2.50 per share of Tk 10 each) for 2009. The AGM will be held on June 16 (at 12pm) at Bangabandhu International Conference Centre in Dhaka. The record date is May 2. It also reported net profit of Tk 159.00 million, earnings per share of Tk 5.30, net asset value per share of Tk 31.42 and net operating cash flow per share of Tk 10.29, as of December 31, 2009, as against Tk 203.00 million, Tk 6.78, Tk 26.93 and Tk 1.90 respectively, as of December 31, 2008. There was no price limit on the trading of shares yesterday following its corporate declaration.
AL-ARAFAH ISLAMI BANK
The bank's Board of Directors recommended 30 percent stock dividend for 2009 subject to any change by or approval of Bangladesh Bank to be notified subsequently upon receipt of decision from them. The bank also recommended for raising paid up capital by issuing rights share at 1R: 1 (one right share for every one share) at par (issue price of Tk 100 on paid up capital after effecting stock dividend for 2009 subject to the approval of shareholders in the EGM and regulatory authorities. The EGM and AGM will be held on June 10 (at 9:30am and 10am respectively) at Bangabandhu International Conference Centre in Dhaka. The record date for EGM and AGM is May 6. Another record date for entitlement of the proposed rights share will be notified after obtaining approval from SEC. The bank also reported earnings per share of Tk 47.75, net asset value per share of Tk 198.16 and net operating cash flow per share of Tk 77.78, as of December 31, 2009. There was no price limit on the trading yesterday following its corporate declaration.
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