Delta Life declares 36pc dividend

Dhaka, Bangladesh (BBN)- The Board of Directors of Delta Life Insurance has recommended 11 per cent cash dividend and 25 per cent stock dividend for the year ended on December 31, 2013, said an office disclosure on Sunday.

The board has also decided to amend certain clauses of the Articles of Association of the Company to conform to the Insurance Act, 2010, Insurance Rules and the judgment of the Appellate Division of the Supreme Court of Bangladesh dated 20.06.2013 and other relevant laws subject to the approval of the shareholders in EGM.

The AGM and EGM will be held on July 20, 2014. The AGM will be held at 9:30am and EGM will be held at 10:30am at the Delta Life Tower in the capital Dhaka. Record dates for AGM and EGM on June 25.

There will be no price limit on the trading of the shares of the Company today (Sunday) following its corporate declaration.

BBN/BB/SI-15June14-12:38 pm (BST)

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