ONE Bank recommends 20% dividend

Last updated: April 10, 2013

Dhaka, Bangladesh (BBN): The Board of Directors of ONE Bank has recommended 5 per cent cash dividend and 15 per cent stock dividend for the year ended 31.12.12, said an office disclosure on Wednesday.

The Board has also decided to issue Non-convertible Subordinated Bond for Tier-II capital subject to approval of the concerned Regulatory Authorities. Issue Size: BDT 220.00 crore, Tenure: 7 Years, Interest Rate: 15.50% p. a., payable semi-annually (floating); Through: Private Placement.

Date of AGM and EGM: 13.06.2013, Time of EGM and AGM: 10:30 AM and 11:00 AM respectively, Venue: Officers' Club, 26, Bailey Road, Dhaka. Record Date for EGM and AGM: 22.04.2013.

The Company also reported consolidated EPS of BDT 2.70, consolidated NAV per share of BDT 17.64 and consolidated NOCFPS of BDT 14.55 for the year ended 31.12.12.

So, there will be no price limit on the trading of the shares of the Company today.

BBN/BB/AD/10Apr-13-10.58am (BST).

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