Dhaka, Bangladesh (BBN): The Board of Directors of GSP Finance has decided to raise the paid up capital by issuing rights share (two rights shares for every three existing share), officials said.
"The Board also decided to increase the authorised capital of the company from Tk. 1.0 billion to Tk 2.0 billion and amend some relative clause of the Memorandum of Association and Articles of Association of the Company in this regard," the company said in a statement posted on DSE website Sunday.
The Board of Directors of the Company recommended for raising paid up capital by issuing rights shares @2R:3 (two rights shares for every three existing share) of Tk. 10/- each (at par) on the basis of financial statements as on June 30, 2013 after considering 15 per cent bonus share for the year ended December 31, 2012 subject to approval by the shareholders at the 8th EGM and the regulatory authorities.
EGM will be held on 21 October 2013 at 11am at Institution of Diploma Engineers, Bangladesh, IDEB Bhaban, Kakrail, Dhaka-1000. Record Date for EGM is on 24 September 2013.
BBN/BB/AD/16-Sep-13-10.50am (BST).