Dhaka, Bangladesh (BBN) - The board of directors of Keya Cosmetics has recommended 18 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on November 19, 2016 at 11am at Factory Premises in Gazipur.
The record date for entitlement of the dividend is on September 21, 2016.
The company has also reported EPS of BDT 1.87, NAV per share of BDT 15.77 and net operating cash flow per share (NOCFPS) of BDT (0.48) for the year ended on June 30, 2016 as against BDT 0.24 (restated), BDT 13.89 (restated) and BDT (1.56) (restated) respectively for the same period of the previous year.
The board has also decided to increase the authorized capital of the company from BDT 750 million to BDT 1,000 million to amend the Clause - V (Uma) of the Memorandum of Association and Clause - 5 of the Articles of Association subject to approval of shareholders in the ensuing AGM.
There will be no price limit on the trading of the shares of the company on today following its corporate declaration.
Each share of Keya Cosmetics, which was listed on the Bangladesh’s stock markets, traded between BDT 11.70 and BDT 12.20, before closing at BDT 12.10 on Wednesday.
In 2015, the company disbursed 20 percent stock dividend.
The sponsor-directors own 63.91 percent stake in the Keya Cosmetics, while the institutional investors own 7.21 percent, and the general public own 728.88 percent as on July 31, 2016, the DSE data showed.
The company’s paid-up capital is BDT 7,077.02 million and authorised capital is BDT 7,500 million, while the total number of securities is 707,702,444.
BBN/AD/SR