Dhaka, Bangladesh (BBN) - Six more sponsor-directors on Tuesday expressed intention to buy 1.506 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.
Mohammad Nabi Ullah, one of the sponsors/directors of Miracle Industries, has expressed his intention to buy 50,000 shares in addition to his current holding of 5,83,000 shares of the Company.
Mahabuba Haque, one of the sponsors/directors of Prime Insurance, has expressed her intention to buy 3,56,000 shares in addition to her current holding of 1,79,400 shares of the Company.
Sk. Shafiqul Islam, one of the directors of Karnaphukli Insurance, has expressed his intention to buy 50,000 shares in addition to his current holding of 2,02,080 shares of the Company.
Badrunnessa (Sharmin) Islam, one of the directors of Uttara Bank, has expressed her intention to buy 1,50,000 shares in addition to her current holding of 6,09,304 shares of the bank.
Kanutosh Majumder, one of the directors of Jamuna Bank, has expressed his intention to buy 6,00,000 shares (In the Block Market) in addition to his current holding of 55,55,861 shares of the bank.
Shams Uddin Khan and Harun Miah Ltd., one of the corporate sponsors/directors of Shajalal Islami Bank, has reported its intention to buy 3,00,000 shares in addition to its current holding of 73,60,693 shares of the bank.
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-29Feb12-9:50 am (BST)
