Dhaka, Bangladesh (BBN) - Six more sponsor-directors has expressed their intention to buy shares of their respective 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.
Durand Mehdadur Rahman, Tahmina Rahman Tina and Zakia Rahman, all are Sponsors/Directors of Uttara Finance Company, have expressed their intention to buy 1,00,000 shares, 50,000 shares and 31,332 shares in addition to their current holdings of 8,15,998 shares, 13,31,998 shares and 14,48,666 shares respectively.
Meena Parveen Quader Chowdhury, one of the Directors of Dacca Dyeing, has expressed her intention to buy 2,30,000 shares in addition to her current holding of 5,26,944 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 78,26,880 shares of the bank.
Kailash Chandra Barai, one of the Sponsors/Directors of Sonar Bangla Insurance, has expressed his intention to buy 68,000 shares in addition to his current holding of 3,38,800 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/SI-14Mar12-9:50 am (BST)
