Dhaka, Bangladesh (BBN) – The Board of Directors of IDLC Finance Ltd has recommended 10 percent cash dividend and 25 percent stock dividend for the year ended on December 31, 2014, said an office disclosure on Thursday.
The Board has also recommended to issue rights shares 1R:2 (i.e. 1 Rights share for every 2 Ordinary shares held) at an issue price of BDT 20 each (including a premium of BDT 10 per share) subject to the approval by the shareholders and regulatory authorities.
The AGM will be held on March 30 at 10am at the Utshab, Radisson BLU Dhaka Water Garden Hotel, Airport Road, Dhaka Cantonment, Dhaka 1206. Record Date: 09.03.2015.
The Company has also reported consolidated net profit of BDT 1,245.51 million, consolidated EPS of BDT 6.19, consolidated NAV per share of BDT 32.46 and consolidated NOCFPS of BDT (2.11) for the year ended on December 31, 2014 as against BDT 669.47 million, BDT 3.33, BDT 26.67 and BDT 9.70 respectively for the year ended on December 31, 2013.
Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from Bangladesh Securities & Exchange Commission (BSEC).
There will be no price limit on the trading of the shares of the Company today (Thursday) following its corporate declaration.
BBN/BB/AD-26Feb15-11:29 am (BST)
