Dhaka, Bangladesh (BBN)- Five more sponsor-directors have expressed their intention to buy almost 2.40 million shares of their respective companies at prevailing market price through Stock Exchange within 21st May, in compliance with regulator’s directive.
Alhaj Md. Harun Ar Rashid Khan, one of the sponsors/directors of Al Arafa Islami Bank has expressed his intention to buy 7,15,000 shares in addition to his current holding of 1,10,40,531 shares of the company.
Jamil Uddin Bhuiyan, one of the sponsors of peoples Leasing has expressed his intention to sell 2,00,000 shares out of his total holding of 6,67,595 shares of the company.
Abdul Awal, one of the directors of RD Food has expressed his intention to buy 4,40,000 shares in addition to his current holding of 3,60,000 shares of the company.
Nazmul Ahsan Khaled, one of the sponsors/directors of Al Arafa Islami Bank has expressed his intention to buy 1,39,000 shares in addition to his current holding of 1,08,55,867 shares of the company.
Abid Mustafizur Rahaman, one of the sponsors/directors of RN Spinning, has expressed his intention to buy 9,00,000 shares in addition to his current holding of 19,305 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-24Apr12-9:35 am (BST)
