The bank's Board of Directors has decided: 1. to change the denomination of shares by fixing its face value at Tk 10 each instead of existing Tk 100 and market lot from 50 to 250 shares and to amend the relevant clauses / articles of memorandum of association and articles of association, subject to approval of regulatory authorities and shareholders in the EGM. The schedule of the EGM and record date will be decided and informed in due course and 2. to reduce its investment in the "Prime Investment Ltd", subject to approval of regulatory authorities.
The Securities and Exchange Commission has approved the company's rights offer for 4,82,68,360 ordinary shares of Tk 10 each at an issue price of Tk 30 per share (including a premium of Tk 20 each) totalling Tk 144,80,50,800 only at a ratio of 1R: 1, i.e. one rights share for one existing share.
Share trading of the company's shares will be allowed only on the spot market and block/odd lot transactions will also be settled as per spot settlement cycle from Monday to Wednesday. Trading will remain suspended on September 16, a record date for changing the face value and market lot.
The Securities and Exchange Commission has approved the bank's rights offer for 7,43,36,280 ordinary shares of Tk 10 each at par totalling Tk 74,33,62,800 only at a ratio of 1R: 3 (one rights share for three existing shares).
One of the sponsors/directors of the bank, Muhammad Arshed Ali, seeks to sell his 86,382 shares (bonus shares) out of 1,64,969 shares at prevailing market price through stock exchange in 30 workdays.
AL-ARAFAH ISLAMI BANK
The rights offer of the bank has been approved by the Securities and Exchange Commission for 23,38,63,968 ordinary shares of Tk 10 each at par totalling Tk 233,86,39,680 only at a ratio of 1R: 1(one rights share for one existing share). The approval has been accorded subject to the condition that the company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and regulatory requirements.
PEOPLES LEASING AND FINANCIAL SERVICES
Md Shamsul Islam Mollah, one of the sponsors/directors of the company, seeks to sell his 2,30,950 shares out of 17,30,950 at prevailing market price through stock exchange in 30 workdays.
The company has said, in response to a DSE query dated September 5, there is no undisclosed price sensitive information for recent unusual price hike.