Dhaka, Bangladesh (BBN) - Seven more sponsor-directors have expressed their intention to buy shares of their respective companies at prevailing market price through stock exchange by May 21 in line with the regulator’s directive.
Badrunnessa (Sharmin) Islam, one of the Directors of Uttara Bank has expressed her intention to buy 5,50,000 shares in addition to her current holding of 15,38,304 shares of the bank, an announcement said.
Tofazzal Hossain, one of the Sponsors/Directors of Shajalal Islami Bank has expressed his intention to buy 5,00,000 shares in addition to his current holding of 75,16,494 shares of the bank.
Shahjahan Kabir, one of the Directors of Provati Insurance, has expressed his intention to buy 15,500 shares in addition to his current holding of 3,11,500 shares of the Company.
Kazi Mahabub, one of the Sponsors/Directors of Sandhani Life Insurance has reported his intention to buy 1,00,000 shares in addition to his current holding of 2,52,144 shares of the Company.
AKM Sarwardy Chowdhury, one of the Sponsors/Directors of Federal Insurance has expressed his intention to buy 1,00,000 shares in addition to his current holding of 2,13,122 shares of the Company.
Jahangir Alam Khan and Mr. Md. Tanvir Khan, both are Directors of UCBL have expressed their intention to buy 10,00,000 shares each in addition to their current holdings of 93,02,000 shares and 45,60,825 shares respectively.
Mokaddes Hossain, one of the Sponsors/Directors of Fareast Life Insurance has expressed his intention to buy 4,40,000 shares in addition to his current holding of 3,50,000 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-11Apr12-7:50 am (BST)
