Dhaka, Bangladesh (BBN) - Four more sponsor-directors have expressed their intention to buy 1.476 million shares of their respective 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, said an announcement.
Kanutosh Majumder, one of the directors of Jamuna Bank has expressed his intention to buy 5,20,000 shares in addition to his current holding of 67,95,861 shares of the bank.
M.S Ahsan, one of the Sponsors/Directors of Mercantile Bank has expressed his intention to buy 6,36,205 shares in addition to his current holding of 1,19,00,510 shares of the bank.
Shams Uddin Khan and Harun Miah Ltd., 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 79,60,693 shares of the bank.
Humayun Kabir, one of the Sponsors/Directors of NCC Bank has reported his intention to buy 20,000 shares in addition to his current holding of 17,03,988 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-09Mar12-12:50 pm (BST)
