Dhaka, Bangladesh (BBN) - Six more sponsor-directors expressed their intention to buy their companies shares at prevailing market price through Stock Exchange within next 30 working days to comply with the securities regulator’s directive to hold minimum shares.
Shahjahan Kabir, one of the Directors of Provati Insurance has expressed his intention to buy 39,682 shares in addition to his current holding of 1,12,000 shares of the Company.
Quazi Moniruzzaman, one of the Sponsors/Directors of Rupali Insurance has expressed his intention to buy 10,000 shares in addition to his current holding of 2,14,496 shares of the Company.
Iqbal Khan, one of the Directors of Green Delta Insurance has expressed his intention to buy 20,000 shares in addition to his current holding of 6,56,920 shares of the Company.
Badrunnessa (Sharmin) Islam, one of the Directors of Uttara Bank has expressed her intention to buy 2,20,000 shares in addition to her current holding of 7,59,304 shares of the Company.
Md. Enayetullah, one of the Sponsors/Directors of Al Arafa Bank has expressed his intention to buy 5,00,000 shares in addition to his current holding of 91,64,972 shares of the bank.
Kanutosh Majumder, one of the Directors of Jamuna Bank has expressed his intention to buy 6,40,000 shares in addition to his current holding of 61,55,861 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-07Mar12-7:10 am (BST)
