Dhaka, Bangladesh (BBN)- Four more sponsor-directors expressed their willingness to buy shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days to comply with the SEC’s directive to hold minimum shares.
Ashok Kumar Saha, one of the Directors of Standard Bank, has expressed his intention to buy 4,76,000 shares in addition to his current holding of 40,47,100 shares of the bank.
Nazma Khan, one of the Directors of Asia Pacific Insurance, has expressed her intention to buy 31,720 shares in addition to her current holding of 8,15,280 shares of the company.
Sabita Ferdoushi, one of the Sponsors/Directors of Karnaphuli Insurance, has expressed her intention to buy 34,000 shares in addition to her current holding of 3,37,596 shares of the company.
Mohammed Abdus Salam, one of the Directors of Green Delta Insurance, has expressed his intention to buy 50,000 shares in addition to his current holding of 1,95,300 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-15Feb12-9:05 am (BST)
