Dhaka, Bangladesh (BBN) - Five more sponsor-directors have expressed their intention to buy almost 1.235 million shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days.
Ferdous Amin, one of the sponsors/directors of Prime Insurance has expressed his intention to buy 210,000 shares in addition to his current holding of 3,52,000 shares of the Company, a announcement said.
Panna Spinning Mills Ltd., one of the corporate sponsors/directors of Sandhani Insurance has reported its intention to buy 69,100 shares in addition to its current holding of 3,44,751 shares of the Company.
Rajibul Huq Chowdhury, one of the directors of City Bank has expressed his intention to buy 400,000 shares in addition to his current holding of 26,00,020 shares of the Company.
Golam Sarwar, one of the sponsors/directors of CMC Kamal has expressed his intention to buy 131,300 shares in addition to his current holding of 10,51,223 shares of the Company.
Shafiqur Rahman, one of the sponsors/directors of Premier Bank has expressed his intention to buy 425,000 shares in addition to his current holding of 56,93,875 shares of the Company.
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-10Apr12-8:30 am (BST)
