Matin Spinning places to “A” category

Dhaka, Bangladesh (BBN)- Matin Spinning Mills Ltd (MSML) will be placed in “A” category from existing “N” category with effect from today (Monday) as the company disbursed 25 per cent cash dividend, officials said.
 
“The company will be placed in “A” category from existing “N” category with effect from December 08, 2014 as the company reported disbursement of 25 percent cash dividend for the year ended on June 30, 2014,” said a Dhaka Stock Exchange (DSE) web post on Sunday.
 
The board of directors of the apparel maker disbursed 25 percent cash dividend for the year ended on June 30, 2014. The annual general meeting (AGM) was held on October 30, 2014.
 
Share trading of Matin Spinning Mills Ltd was started on April 7 this year under ‘N’ category. The Matin Spinning Mills floated 34.1 million ordinary shares of BDT 37, including a premium of BDT 27 for each ten taka share and raised an amount of BDT 1.26 billion.

BBN/SSR/AD-08Dec14-11:28 am (BST)

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