AB Bank PLC. announcements
442 Dhaka Stock Exchange announcements for AB Bank PLC. (ABBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (22).
- Change of venue for EGM and AGM
The Company has further informed that due to restricted access, the Board of Directors has decided to change the venue for AGM and EGM from Kurmitola Golf Club, Dhaka Cantonment, Dhaka-1206 to Le Meridien Dhaka Hotel, 79/A Commercial Area, Airport Road, Nikunja 2, Khilkhet, Dhaka-1229. Other information of AGM and EGM will remain unchanged.
- Consent accorded from BSEC for raising Capital through issuance of Bond
The Company has informed that BSEC has given consent under the provisions of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012 as under: "Raising of Tier-II capital by AB Bank Limited amounting to Tk. 400.00 crore only through issuance of 7 years Non-Convertible, Unsecured, Coupon (range 7.0%-10.5% or as fixed by the regulators) bearing AB Bank Subordinated Bond-III through private placement." (cont.) (Continuation news of ABBANK): The consent has been accorded subject to the condition that the Company shall comply with the relevant laws and regulatory requirements, and also shall adhere to the conditions imposed under Section 2CC of the Securities and Exchange Ordinance, 1969. (end)
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2017 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2017 for EGM.
- Spot News for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 15.11.2017 to 16.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2017 for EGM.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. (0.17) for July-September, 2017 as against Tk. 0.37 for July-September, 2016; Consolidated EPS was Tk. 0.71 for January-September, 2017 as against Tk. 1.84 for January-September, 2016. Consolidated NOCFPS was Tk. (13.02) for January-September, 2017 as against Tk. 44.46 for January-September, 2016. Consolidated NAV per share was Tk. 36.31 as on September 30, 2017 and Tk. 35.99 as on September 30, 2016.
- Schedule of earlier postponed AGM & EGM to readjust proposed Rights
The Company has informed that the Board of Directors has decided that 35th AGM of the Company will now be held on December 21, 2017 at 9:00 AM at Kurmitola Golf Club, Dhaka Cantonment, Dhaka-1206. They scheduled to hold AGM earlier on August 17, 2017 but was postponed due to unavoidable circumstances. They have obtained approval from the RJSC to hold the AGM by December 30, 2017. The Board of Directors has also resolved to readjust the proposed Rights issue of the Company from (cont.) (Continuation news of ABBANK): 5:4R to 3:2R after giving effect of stock dividend 2016 at a price of Tk. 10.00 each, subject to approval of the Shareholders in the EGM and also approval from Regulatory Authorities. Date of EGM: 21.12.2017, Time: 10.00 AM, Venue: Kurmitola Golf Club, Dhaka Cantonment, Dhaka-1206. Record Date for EGM: 19.11.2017. (end)
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 30, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Postponement of the 35th AGM of the Company
The Company has further informed that the 35th AGM of the Company which was scheduled to be held on August 17, 2017 has been postponed due to unavoidable circumstances. The new date of the AGM will be notified later after obtaining approval from the Regulatory Authorities.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.53 for April-June, 2017 as against Tk. 0.51 for April-June, 2016; Consolidated EPS was Tk. 0.89 for January-June, 2017 as against Tk. 1.46 for January-June, 2016. Consolidated NOCFPS was Tk. (13.21) for January-June, 2017 as against Tk. 35.69 for January-June, 2016. Consolidated NAV per share was Tk. 36.55 as of June 30, 2017 and Tk. 36.36 as of June 30, 2016.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 27, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Issuance of Subordinated Bond-III
The Company has informed that the Board of Directors has decided to issue fully redeemable non-convertible 7 Years variable rated Subordinated Bonds (AB Bank Sub-ordinate Bond-III) of Tk. 400.00 crore for enhancement of Tier _II Capital of the Bank, where the interest will be payable semi-annually (7%-10.5% or as fixed/approved by the Regulators) in arreas through Private Placement, subject to approval of the concerned Regulatory Authorities.
- Resumption after Record Date
Trading of the shares of the Company will resume on 13.06.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2017.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 08.06.2017 to 11.06.2017. Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2017.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "A1" in the long term and "ST-2" in the short term with a stable outlook based on audited financial statements of the Company up to December 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Appointment of President and Managing Director
The Company has informed that Mr. Moshiur Rahman Chowdhury has been appointed as the President and Managing Director of the Company with effect from May 09, 2017.
- Dividend Declaration
The Board of Directors has recommended 12.50% Stock Dividend for the year ended on December 31, 2016. Date of AGM: 17.08.2017, Time: 9:00 AM, Venue: Hall-1 (Gulnaksha), International Convention City Bashundhara, Kuril Bishwa Road, Purbanchal Express Highway, Dhaka-1229. Record date: 12.06.2017.(cont.) (Continuation news of ABBANK): The Company has also reported Consolidated EPS of Tk. 2.25, Consolidated NAV per share of Tk. 36.10 and Consolidated NOCFPS of Tk. 30.50 for the year ended on December 31, 2016 as against Tk. 2.15, Tk. 34.98 and Tk. 0.86 respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2017) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.35 for January-March, 2017 as against Tk. 0.96 for January-March, 2016; Consolidated NOCFPS was Tk. (11.63) for January-March, 2017 as against Tk. 11.54 for January-March, 2016. Consolidated NAV per share was Tk. 36.45 as of March 31, 2017 and Tk. 36.33 as of March 31, 2016.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.