Dhaka, Bangladesh (BBN) - One more director of listed company on Wednesday expressed his willingness to buy shares of at the prevailing market price through stock exchange within next 30 working days in compliance with regulator's order.
Golam Dastagir Gazi, one of the sponsors/directors of the Jamuna Bank Limited, has expressed his intention to buy 110,000 shares in addition to his current holding of 7187,523 shares of the company.
The Securities and Exchange Commission (SEC), through a notification issued earlier, also made it compulsory for the sponsors, directors and promoters of a listed company to jointly hold at least 30 percent stake.
The SEC also asked the sponsors, directors and promoters, who individually have less than 2.0 percent stake and jointly less than 30 percent, to acquire the necessary stocks within six months of issuance of the notification.
BBN/SSR/AD-25Jan12-12:45 pm (BST)