Dhaka, Bangladesh (BBN)- Four more sponsor-directors on Wednesday expressed their intention to buy 1.690 million shares of their companies at prevailing market price through Stock Exchange within next 30 working days to comply with the securities regulator’s directive to hold minimum shares.
Kazi Mahabub, one of the sponsors/directors of Sandhani Insurance, has reported its intention to buy 50,000 shares in addition to its current holding of 2,02,144 shares of the Company.
Shams Uddin Khan & Harun Miah Limited, one of the corporate sponsors/directors of Shajalal Islami Bank, has reported its intention to buy 3,00,000 shares in addition to its current holding of 73,60,693 shares of the bank.
Kanutosh Majumder, one of the directors of Jamuna Bank, has expressed his intention to buy 3,40,000 shares (In the Block Market) in addition to his current holding of 52,15,861 shares of the bank.
Rafiqul Islam Khan, one of the directors of City Bank, has reported his intention to buy 10,00,000 shares in addition to his current holding of 76,69,340 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-23Feb12-7:20 am (BST)
