Dhaka, Bangladesh (BBN) – Two more sponsor-directors expressed their willingness to buy their companies shares at prevailing market price through stock exchange within next 30 working days to comply with the regulator’s recent directive to hold minimum shares.
Nurul Islam, one of the sponsors/directors of NCC bank, has reported his intention to buy 50,000 shares in addition to his current holding of 59,92,958 shares of the bank.
Feroz U. Haider, one of the directors of Republic Insurance, has reported his intention to buy 1,63,900 shares in addition to his current holding of 12,100 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
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-31Jan12-9:11 pm (BST)
