Dhaka, Bangladesh (BBN)– Three more sponsor-directors Sunday expressed their intention to buy shares of their 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.
Iqbal Khan, one of the directors of Green Delta Insurance Company, has expressed his intention to buy 7,700 shares in addition to his current holding of 6,49,220 shares of the Company.
Fatema Raushan Jahan, one of the sponsors/directors of Prime Insurance, has expressed her intention to buy 67,250 shares in addition to her current holding of 4,68,000 shares of the Company.
Saifuddin Quader Chowdhury, one of the sponsors/directors of Dacca Dyeing, has expressed his intention to buy 2,25,000 shares in addition to his current holding of 9,47,056 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/BB/SSR-26Feb12-9:50 pm (BST)
