Dhaka, Bangladesh (BBN) – Two more directors of Shahjala Bank and Southeast Bank will buy shares at the prevailing market price through stock exchange within next 30 working days in compliance with regulator’s order.
Alhaj Mohiuddin Ahmed, one of the sponsors/directors of Shahjala Bank, has expressed his intention to buy 1,00,000 shares in addition to his current holding of 86,50,000 shares of the company.
Nasir Uddin Ahmed, one of the sponsors of the Southeast Bank, has expressed his intention to buy 50,000 shares in addition to his current holding of 19,24,560 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/SMK/SI-24Jan12-12:56 pm (BST)
