Dhaka, Bangladesh (BBN)– Four more sponsor-directors have expressed their intention to buy almost 5.70 million shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days.
Mafiz Ahmed Bhuiyan, one of the Sponsors/Directors of Prime Bank has expressed his intention to buy 52,55,000 shares in addition to his current holding of 1,12,20,151 shares of the bank, an announcement said.
Iqbal Khan, one of the Directors of Green Delta Insurance has expressed his intention to buy 74,000 shares in addition to his current holding of 6,76,920 shares of the Company.
M. Amanullah, one of the Sponsors/Directors of Mercantile Bank has expressed his intention to buy 1,69,500 shares in addition to his current holding of 3,03,50,000 shares of the bank.
Md. Wakiluddin, one of the Directors of Mutual Trust Bank has expressed his intention to buy 2,00,000 shares in addition to his current holding of 40,20,640 shares of the bank.
The Securities and Exchange Commission (SEC), through a notification issued earlier, also made it compulsory for the sponsors, directors and promoters of a listed company to jointly hold at least 30 percent stake.
The SEC also asked the sponsors, directors and promoters, who individually have less than 2.0 percent stake and jointly less than 30 percent, to acquire the necessary stocks within six months of issuance of the notification.
BBN/BB/SSR-20Mar12-9:20 am (BST)
