Dhaka, Bangladesh (BBN)– Four more sponsor-directors 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.
Rajjab Sharif, one of the sponsors/directors of Sonar Bangla Insurance, has expressed his intention to buy 1,00,000 shares in addition to his current holding of 3,08,000 shares of the Company.
Anwar Hossain Khan, one of the directors of Takaful Insurance, has expressed his intention to buy 80,000 shares in addition to his current holding of 2,64,500 shares of the Company.
Badrunnessa (Sharmin) Islam, one of the directors of Uttara Bank, has reported her intention to buy 1,30,000 shares in addition to her current holding of 2,09,304 shares of the Company.
Alhaj Md. Abdul Barek, one of the sponsors/directors of Shajalal Islami Bank, has expressed his intention to buy 2,00,000 shares in addition to his current holding of 68,26,880 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-30Jan12-11:59 pm (BST)
