Dhaka, Bangladesh (BBN) - Five more sponsor-directors have expressed their intention to buy 1.018 million shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days.
Abdullah Al Ahsan, one of the Sponsors/Directors of Dhaka Bank has expressed his intention to buy 4,16,000 shares in addition to his current holding of 68,62,387 shares of the bank, an announcement said on Thursday.
Evana Fahmida Mohammad, one of the Directors of City Bank has expressed her intention to buy 5,40,000 shares in addition to her current holding of 67,83,120 shares of the bank.
Shahjahan Kabir, one of the Directors of Provati Insurance, has expressed his intention to buy 25,000 shares in addition to his current holding of 1,76,000 shares of the Company.
Mohammed Abdus Salam, one of the Directors of Green Delta Insurance the Company, has expressed his intention to buy 50,000 shares in addition to his current holding of 2,43,300 shares of the Company.
Mohammad Nabi Ullah, one of the Sponsors/Directors of Mercantile Insurance has expressed his intention to buy 37,000 shares in addition to his current holding of 6,33,000 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/BB/SI-16Mar12-6:20 pm (BST)
