Dhaka, Bangladesh (BBN)- The board of directors of Central Pharmaceuticals Ltd has recommended 5.0 percent cash dividend and 15 percent stock dividend for the year ended on June 30, 2014, said an office disclosure on Tuesday.
The board has also decided to increase the authorized capital of the company to BDT 3.0 billion from BDT 1.0 billion subject to the approval by the shareholders in EGM.
The board has further decided to issue rights share @ 2R:5 at par on paid up capital after considering bonus shares subject to the approval by the shareholders in EGM and the regulatory authorities.
The purposes of the rights issue are to repayment of outstanding loan, business expansion through product diversification and for working capital.
Date of AGM & EGM: 23.10.2014, Time of AGM and EGM: 10:00 AM & 10:45 AM respectively, Venue: Ansar-VDP Academy, Shafipur, Kaliakoir, Gazipur. Record date for AGM & EGM: 29.09.2014.
Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from Bangladesh Securities and Exchange Commission (BSEC).
The company has also reported net profit of BDT 152.26 million, EPS of BDT 2.14, NAV per share of BDT 20 and NOCFPS of BDT 1.04 for the year ended on June 30, 2014 as against BDT 77.84 million, BDT 1.62, BDT 12.24 and BDT 1.68 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the Company today (16.09.2014) following its corporate declaration.
BBN/SSR/AD-16Sept14-2:14 pm (BST)
