Dhaka, Bangladesh (BBN) – Five more sponsor-directors have expressed their willingness to buy their companies shares at prevailing market price through Stock Exchange within next 30 working days to comply with the regulator’s recent directive to hold minimum shares.
Iqbal Khan, one of the Directors of Green Delta Insurance, has expressed his intention to buy 98,000 shares in addition to his current holding of 4,41,220 shares of the Company.
Sabita Ferdoushi, one of the sponsors/directors of Karnaphuli Insurance, has expressed her intention to buy 10,000 shares in addition to her current holding of 3,17,596 shares of the Company.
Aameir Alihussain, one of the directors of BSRM Steel Mills, has expressed his intention to buy 5,56,820 shares in addition to his current holding of 59,53,180 shares of the Company.
Firoja Amin, one of the directors of Prime Bank, has expressed her intention to buy 20,000 shares in addition to her current holding of 34,38,852 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-27Jan12-10:18 am (BST)
