Dhaka, Bangladesh (BBN): The Board of Directors of First Lease International has recommended 25 per cent stock dividend for the year ended on December 31, 2012, said an office disclosure on Thursday.
 
The Board has also decided to raise the paid up capital of the Company by offering Rights Shares @1R:3 (i.e. 1 rights share for every 3 shares held) of Tk. 10.00 each at par in order to comply the capital adequacy requirements of Bangladesh Bank subject to approval of the shareholders, BSEC and other Regulatory Authorities.
 
The EGM and AGM will be held on April 30, 2013 at 10.30am and 11am respectively at the Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment, Dhaka. Record date: 08.04.2013.
 
The Company has also reported net profit of BDT 176.74 million, EPS of BDT 2.93, NAV per share of BDT 17.41 and NOCFPS of BDT 0.95 for the year ended on December 31, 2012.
 
Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from BSEC.
 
BBN/BB/Ad/30Mar-13-6.35pm (BST).