Dhaka, Bangladesh (BBN) – The board of directors of Saiham Textile Mills Limited has recommended cash dividend at 15 per cent for the year ended on June 30, 2011, a company announcement said on Monday.
The Board has also recommended for issuance of rights share at 2R:1 (i.e. 2 rights share for 1 existing share) of BDT 10.00 each at an issue price of BDT 25.00 per share (including a premium of BDT 15.00 each) subject to the approval of Extraordinary General Meeting (EGM) and regulatory authorities.
The fund will be utilized for expansion of the existing unit by setting up new 100 percent export oriented Melange Spinning Mill to increase turnover and profit substantially.
Date of Annual General Meeting (AGM) and EGM: 09.10.11, time of AGM and EGM: 11:00 AM and 12:00 noon respectively. Both the meeting will be held at mill premises, Noyapara, Madhabpur in Habiganj. Record date for AGM and EGM: 14.09.11.
The company has also reported EPS of BDT 3.31, NAV per share of BDT 13.74 and NOCFPS of BDT 2.44 for the year ended on June 30, 2011.
BBN/SSR/AD-05Sept11-11:22 am (BST)
