Mercantile Bank to change shares face value

Dhaka, Bangladesh (BBN)– Mercantile Bank Limited has informed that its board of directors has decided to change the denomination of face value of shares from BDT 100 to BDT 10each and the Market lot of the shares will be 100 instead of 50 shares subject to approval of the shareholders in the extraordinary general meeting (EGM) and regulatory authorities.

The private bank has also fixed record date for October 31 this year, a bank announcement said on Thursday, adding that the venue of the EGM will be notified later.

BBN/SSR/AD-29Sept11-11:25 am (BST) 

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