Dhaka, Bangladesh (BBN) – Four more sponsor-directors on Monday expressed their intention to buy about 11.50 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.
Fazlur Rahman, one of the sponsors/directors of Jamuna Bank, has expressed his intention to buy 5,00,000 shares in addition to his current holding of 67,97,254 shares of the bank.
Md. Shamsul Haque, one of the sponsors/directors of Sonar Bangla Insurance, has expressed his intention to buy 1,27,000 shares in addition to his current holding of 2,80,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
M.A. Rouf, one of the directors of the Mutual Trust Bank, has expressed his intention to buy 16,500 shares in addition to his current holding of 50,70,910 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
Md. Enayetullah, one of the sponsors/directors of Al Arafa Islami Bank, has expressed his intention to buy 5,00,000 shares in addition to his current holding of 81,64,972 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-28Feb12-11:30 am (BST)
