Dhaka, Bangladesh (BBN) - Seven more sponsor-directors Wednesday expressed their intention to buy 2.034 million shares of their companies at prevailing market price through Stock Exchange within next 30 working days to comply with the securities regulator’s directive to hold minimum shares.
Abdul Haque, one of the sponsors/directors of Asia Pacific Insurance, has expressed his intention to buy 20,000 shares in addition to his current holding of 6,63,000 shares of the Company.
M. Amanullah, one of the Sponsors/Directors of Mercantile Bank, has expressed his intention to buy 3,50,000 shares in addition to his current holding of 3,00,00,000 shares of the bank.
Nargis Akter, one of the Sponsors/Directors of Sonar Bangla Isnuarnce, has expressed her intention to buy 68,000 shares in addition to her current holding of 3,38,800 shares of the Company.
Nazmul Ahsan Khaled, one of the Sponsors/Directors of Al Arafa Islami Bank, has expressed his intention to buy 5,00,000 shares in addition to his current holding of 48,94,044 shares of the bank.
Sheikh Kabir Hossain, one of the Sponsors/Directors of Sonar Bangla Insurance, has expressed his intention to buy 68,200 shares in addition to his current holding of 3,38,800 shares of the Company.
Alhaj Md. Abdul Barek, one of the Sponsors/Directors of Shajalal Islami Bank, has expressed his intention to buy 2,00,000 shares in addition to his current holding of 74,26,880 shares of the bank.
Nafis Sikder, one of the Directors of Prime Bank, has expressed his intention to buy 8,28,685 shares in addition to his current holding of 1,40,34,299 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/BB/SI-01Mar12-8:20 am (BST)
