Dhaka, Bangladesh (BBN)-The International Leasing and Financial Services Limited has recommended 5.0 per cent stock, said an official disclosure on Monday.
The board of directors of International Leasing and Financial Services proposed the dividend for the year ended on December 31, 2015.
The board has also decided to issue non-convertible unsecured coupon bearing subordinated bond of BDT 2.0 billion through private placement to meet its ongoing financing requirements and future capital adequacy requirement subject to the approval of regulatory authorities—Bangladesh Bank and Bangladesh Securities and Exchange Commission.
The annual general meeting (AGM) will be held on May 26 at 11am at Dhaka Ladies Club.
The record date is on May 9.
The company has also reported consolidated net profit of BDT 122.55 million, consolidated earnings per share (EPS) of BDT 0.72, consolidated net asset value (NAV) per share of BDT 12.82 and consolidated net operating cash flow per share (NOCFPS) of BDT (6.91) for the year ended on December 31, 2015 as against BDT 125.98 million, BDT 0.74, BDT 12.61 and BDT (1.17) respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
BBN/SK/AD