RAK Ceramics declares 25% cash dividend

Last updated: February 4, 2015

Dividend 

Dhaka, Bangladesh (BBN)- The board of directors of RAK Ceramics has recommended 25 percent cash dividend for the year ended on December 31, 2014, said an office disclosure on Wednesday.
The company has further informed the following.
The entire shareholding i.e. 1,92,500 number of ordinary shares of BDT 100/- each of RAK-MOSFLY (Bangladesh) Pvt. Ltd. held by RAK Ceramics (Bangladesh) Limited [Associate of RAK Ceramics (Bangladesh) Limited be sold to Dr. M.A. Malek [ existing shareholder of RAK-MOSFLY (Bangladesh) Pvt. Ltd. BDT 100/- per share totaling to BDT 1,92,50,000/- only subject to approval by the concerned authorities.
The board has also decided that amendment /alteration of Article -90 of the article of association of the company regarding the board meeting attendance fee of the directors subject to the approval by the shareholders in the EGM.
Date of EGM and AGM: 25.03.2015, Time of EGM and AGM: 10:00 AM and 10:30 AM respectively, Venue: International Convention City, Bashundhara (Pushpoguscho), Joarshahara, Purbachal Link Road, Khilkhet, Dhaka-1229. Record date: 17.02.2015.
The Company has also reported net profit after tax of BDT 562.79 million, EPS of BDT 1.67, NAV per share of BDT 17.57 and NOCFPS of BDT 1.84 for the year ended on December 31, 2014 as against BDT 682.41 million, BDT 2.03 (restated), BDT 18.99 and BDT 2.66 (restated) 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/SK/AD-4Feb15-1:10pm (BST)

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