Dhaka, Bangladesh (BBN) – Six more sponsor-directors on Wednesday expressed their intention to buy almost 1.542 million shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days.
Zia Shamsi, one of the Directors of Agni System has expressed his intention to buy 75,000 shares in addition to his current holding of 7,82,250 shares of the Company.
Shahjahan Kabir, one of the Directors of Provati Insurance has expressed his intention to buy 21,500 shares in addition to his current holding of 2,90,000 shares of the Company.
Tofazzal Hossain, one of the Sponsors/Directors of Shajalal Islami Bank has expressed his intention to buy 3,00,000 shares in addition to his current holding of 72,16,494 shares of the bank.
Md. Wakiluddin, one of the Directors of Mutual Trust Bank has expressed his intention to buy 1,71,000 shares in addition to his current holding of 42,20,640 shares of the bank.
Sadia Anjum Siddiqui, one of the Sponsors/Directors of Phonix Insurance the Company, has expressed his intention to buy 3,75,000 shares in addition to his current holding of 2,43,875 shares of the Company.
Alhaj Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of Al Arafa Islami Bank has expressed his intention to buy 6,00,000 shares in addition to his current holding of 71,90,531 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-04Apr12-11:36 pm (BST)
