Dhaka, Bangladesh (BBN)- The Board of Directors of Summit Alliance Port Ltd as recommended 10 percent cash and 5.0 percent stock dividend for the year ended on December 31, 2014, said an office disclosure on Monday.
The board has also decided to issue Rights shares at the rate of 1R:5 (i.e. one Rights share for five shares held) at an issue price of Tk. 25.00 each including premium of Tk. 15.00 per share subject to approval of shareholders and regulatory authorities.
The annual general meeting (AGM) will be held on March 14 at 10:30am at the Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka-1000.
The company has also reported EPS of BDT 0.82, NAV per share of BDT 42.29 and NOCFPS of BDT 1.91 for the year ended on December 31, 2014.
Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from the securities regulator– Bangladesh Securities & Exchange Commission (BSEC).
There will be no price limit on the trading of the shares of the Company today (Monday) following its corporate declaration.
BBN/SK/AD-9Feb15-12:30pm (BST)