Dhaka, Bangladesh (BBN)- Ten more sponsor-directors on Tuesday expressed their intention to buy shares of their respective companies at prevailing market price through Stock Exchange within 21st May in line with the regulator’s directive.
Ahmed Arif Billah, one of the Directors of UCBL has expressed his intention to buy 1,75,000 shares in addition to his current holding of 32,91,275 shares of the Company.
Shirin Huq, one of the Sponsors/Directors of Information Services Network has expressed her intention to buy 50,000 shares in addition to her current holding of 1,49,597 shares of the Company.
Khandoker Sakib Ahmed, one of the Sponsors/Directors of Shajalal Islami Bank the Company, has expressed his intention to buy 3,00,000 shares in addition to his current holding of 86,05,701 shares of the Company.
Shamsul Arefin Khaled, one of the Sponsors/Directors of Popular Life Insurance has expressed his intention to buy 500 shares in addition to his current holding of 4,19,466 shares of the Company.
Matiur Rahman, one of the Directors of Uttara Finance (Nominee of Uttara Automobiles Ltd.), has expressed his intention to buy 1,00,000 shares in addition to his current holding of 1,16,666 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 84,26,880 shares of the Company.
Alhaj Abdul Moktadir, one of the Sponsors/Directors of Al Arafa Islami Bank has expressed his intention to buy 5,50,000 shares in addition to his current holding of 50,66,958 shares of the Company.
Jahangir Alam Khan and Md. Tanvir Khan, both are Directors of UCBL have expressed their intention to buy 10,25,000 shares and 15,00,000 shares of the Company.
Alhaj Tofazzal Hossain, one of the Sponsors/Directors of Shajalal Islami Bank has expressed his intention to buy 1,85,000 shares in addition to his current holding of 85,16,494 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/AD-24Apr12-11:35 pm (BST)
