Dhaka, Bangladesh (BBN)– The board of directors of Reliance Insurance has recommended 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the annual general meetings (AGM) scheduled to be held on March 31 at 11am in Dhaka, said an official disclosure on Wednesday.

The record date is March 13.

The company has also reported EPS of BDT 5.21, NAV per share of BDT 60.82 and NOCFPS of Tk. 3.52 for the year ended on December 31, 2018 as against BDT 4.78 (Restated), BDT 57.98 (Restated) and BDT 1.13 (Restated) respectively for the same period of the previous year.

The company has requested the shareholders bearing BO account to update address, mobile no. & respective BO Account with 12 digits e-TIN number through depository participant (DP) and bearing folio holders are requested to submit their e-TIN certificate to the share department of the company latest by March 13, 2019, failing of which Income Tax will be deducted at source at 15 per cent instead of 10 per cent from cash dividend as per amended Income Tax Ordinance 1984 of section 54.

Reliance Insurance, which was listed on the DSE in 1995, also disbursed 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2017.

Each share of the company closed at BDT 50.50 on Tuesday at Dhaka Stock Exchange.

The company’s paid-up capital is BDT 956 million, authorised capital is BDT 2.0 billion and the total number of securities is 95.60 million.

The sponsor-directors own 62.21 per cent stake in the company, while institutional investors own 6.35 per cent, and the general public 31.44 per cent as of January 31, 2109.