Summit Power recommends 20pc stock, Summit Purbanchol Power 30pc stock div

Dhaka, Bangladesh (BBN): The Board of Directors of Summit Power Company has recommended 20 per cent stock dividend for the year ended on December 31, 2012, said an office disclosure on Monday.

The AGM will be held on April 28 at 11.30am at the Bashundhara Convention Centre-02, Block-C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka-1229. Record Date: 28.03.2013.

The Company has also reported EPS of BDT 3.80, NAV per share of BDT 23.11 and NOCFPS of BDT 4.84 for the year ended on December 31, 2012.

On the other hand, the Board of Directors Summit Purbanchol Power Company has recommended 30 per cent stock dividend for the year ended on December 31, 2012.

The AGM will be held on April 28, 2013 at 10am at the same venue. Record Date: 28.03.2013.

The Company has also reported EPS of BDT 6.17, NAV per share of BDT 26.55 and NOCFPS of BDT 6.90 for the year ended on December 31, 2012. In calculation of NAV, NAVPS, EPS and NOCFPS Share Money Deposit representing IPO subscription has not been considered as the allotment of the IPO shares was not made as of 31st December, 2012.

So, there will be no price limit on the trading of the shares of these two Companies today.

BBN/BB/AD/18Mar-13-11.10am (BST).

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