MTB declares 20% stock dividend

Dhaka, Bangladesh (BBN) – The Board of Directors of Mutual Trust Bank (MTB) has recommended 20 percent stock dividend for the year ended on December 31, 2014, said an office disclosure on Wednesday.

The Board has also decided to issue Non-Convertible Subordinated Bond for BDT 3,000 million to raise the Tier II capital of the Bank.

The EGM and AGM will be held on March 30 at 10am and 10:15am respectively, Venue: Bashundhara Convention City (1 Gulnaksha), Joar Sahara Khilkhet, Dhaka (beside 300 ft. Purbachal link road). Record
date for EGM and AGM: 08.03.2015.

The Company has also reported EPS of BDT 3.12, NAV per share of BDT 22.00 and NOCFPS of BDT (4.57) for the year ended on December 31, 2014 as against BDT 1.86, BDT 19.48 and BDT 15.47 respectively for the year ended on December 31, 2013.

There will be no price limit on the trading of the shares of the Company today (Wednesday) following its corporate declaration.

BBN/SSR/AD-25Feb15-11:36 am (BST)

No Subscription? You Are Missing Out!

Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription