Dhaka, Bangladesh (BBN) – Five more sponsor-directors of five banks expressed their intention to buy shares of their companies at prevailing market price through Stock Exchange within next 30 working days to comply with the securities regulator’s directive to hold minimum shares.
Evana Fahmida Mohammad, one of the directors of City Bank, has reported her intention to buy 6,00,000 shares in addition to her current holding of 61,83,120 shares of the bank.
Md. Enayetullah, one of the sponsors/directors of Al Arafa Islami Bank, has expressed his intention to buy 5,00,000 shares in addition to his current holding of 71,64,972 shares of the bank.
Abu Khair Mohammad Sakhawat, one of the sponsors/directors of Jamuna Bank, has expressed his intention to buy 1,00,000 shares in addition to his current holding of 72,17,535 shares of the bank.
Bazal Ahmed, one of the directors of UCBL, has expressed his intention to buy 4,60,000 shares in addition to his current holding of 6,09,375 shares of the bank.
Alhaj Md. Abdul Barek, one of the sponsors/directors of Shajalal Islami Bank, has expressed his intention to buy 2,00,000 shares in addition to his current holding of 72,26,880 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/SSR/AD-21Feb12-12:58 pm (BST)
