ADN Telecom Limited announcements
126 Dhaka Stock Exchange announcements for ADN Telecom Limited (ADNTEL) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (32).
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as "AA-" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements up to June 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.
- Resumption after Record date
Trading of the shares of the company will resume on 18.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on the record date, i.e., 17.11.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 13.11.2024 to 14.11.2024 and trading of the shares will remain suspended on record date i.e., 17.11.2024.
- Clarification on recent news published in a newspaper
In response to a DSE query dated November 04, 2024 regarding clarification on recent news published in a newspaper regarding "taking lease of land in Hi-Tech Park in Kaliakoir" the company has informed DSE, among others, as follows: "...We confirm that the news article accurately reflects the recent agreement signing ceremony between ADN Telecom Limited and Bangladesh Hi-Tech Park. The agreement pertains to land allocation for ADN Telecom within the Bangladesh Hi-Tech Park (cont.1) (Continuation news of ADNTEL): The annual lease rent for the demised land, fixed at USD 0.50 per square meter per year, amounting to USD 2050 per year for the first 3 years. Thereafter it will be USD 2 per square meter per year up to 10 years. After the first 10 years, the lease rent will increase every 3 years, with a maximum increase of 10%..." (end) (Continuation news of ADNTEL): in Kaliakoir, Gazipur...As per the terms of the Agreement dated 20 October 2024 for Lease of Land, ADN Telecom Limited has been granted a lease for a portion of land within Kaliakoir Hi-Tech Park for 40 years measuring approximately 4100 Square Meter (SQM) for Set Up Manufacturing IT/ITES Devices, Software, IOT and Al Based Electronics Service Components etc. (cont.2)
- The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2024. Date of AGM: 18.12.2024, Tim
The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2024. Date of AGM: 18.12.2024, Time: 11:00 AM, Venue: Hybrid System in combination of physical presence at La Vita Hall, Lakeshore Grand, House: 46, Road: 41, Gulshan 2, Dhaka-1212 and virtually by using Digital Platform through the link https://adntel.bdvirtualagm.com. Record Date: 17.11.2024. (cont.)
- (Q1 Un-audited): Consolidated EPS was Tk. 0.80 for July-September 2024 as against Tk. 0.69 for July-September 2023; Cons
(Q1 Un-audited): Consolidated EPS was Tk. 0.80 for July-September 2024 as against Tk. 0.69 for July-September 2023; Consolidated NOCFPS was Tk. 0.93 for July-September 2024 as against Tk. 0.47 for July-September 2023. Consolidated NAV per share was Tk. 32.15 as on September 30, 2024 and Tk. 31.35 as on June 30, 2024. Reasons for deviation in EPS and NOCFPS: The quarter ended on 30th September 2024 shows BDT 147 million increase in sales over the corresponding (cont.1)
- (Continuation news of ADNTEL): period of the preceding year. Out of which BDT 44 million was due to consolidation of its
(Continuation news of ADNTEL): period of the preceding year. Out of which BDT 44 million was due to consolidation of its subsidiaries. Also, the contribution of B2C segment, which is consistently increasing, added almost BDT 50 million to the revenue during the quarter. The company completed a few projects during the quarter which increased one-time revenue (OTC) by BDT 50 million. Significant sales growth resulted in better EPS for the quarter compared to the corresponding quarter of last year. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Cont. news of ADNTEL): The Company has reported consolidated EPS of Tk. 2.31, consolidated NAV per share of Tk. 31.35 and consolidated NOCFPS of Tk. 5.96 for the year ended June 30, 2024 as against Tk. 4.00, Tk. 30.54 and Tk. 2.57 respectively for the year ended June 30, 2023. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (27.10.2024) following its corporate declaration.
- Q1 Financials
(Continuation news of ADNTEL): NOCFPS increased due to an increase in collection of receivables from the customers. (end)
The first part of this announcement is missing from the archive. - 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 October 24, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- 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 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Buy Confirmation of a Sponsor Director
Mr. Asif Mahmood, a Sponsor Director of the company, has further informed that he has completed his buying of 5,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated on 25.04.2024.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.50 for January-March 2024 as against Tk. 1.02 for January-March 2023; Consol
(Q3 Un-audited): Consolidated EPS was Tk. 0.50 for January-March 2024 as against Tk. 1.02 for January-March 2023; Consolidated EPS was Tk. 1.79 for July 2023-March 2024 as against Tk. 3.03 for July 2022-March 2023. Consolidated NOCFPS was Tk. 1.82 for July 2023-March 2024 as against Tk. 1.29 for July 2022-March 2023. Consolidated NAV per share was Tk. 30.85 as on March 31, 2024 and Tk. 30.54 as on June 30, 2023. (cont.1)
- (Continuation News of ADNTEL): Reasons for deviation in EPS and NOCFPS: During the quarter the company has successfully
(Continuation News of ADNTEL): Reasons for deviation in EPS and NOCFPS: During the quarter the company has successfully completed few projects apart from its regular sales. Also, the contribution of B2C segment is consistently increasing. The company\'s vigorous push for new retail customers under udoy with extensive marketing drive have out weighted benefits in the initial stage. Inflationary adjustments also affected the operating expenses. All these factors impacted EPS adversely. (cont. 2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation News of ADNTEL): Net Operating Cash Flow Per Share (NOCFPS) increased by 41% as a result of the increase in collection of receivables from the customers. (end)
The first part of this announcement is missing from the archive. - Investment of BDT 40 million to ADN Eduservices Ltd.
The Board of Directors has also approved the Memorandum of Understanding between ADN Telecom Limited and ADN Eduservices Limited for investment of BDT 40 million to subscribe up to 88% shares in ADN Eduservices Limited subject to the completion of all regulatory formalities. This subscription will position ADN Eduservices Limited as a subsidiary of ADN Telecom Limited.
- Buy Declaration of a Sponsor Director
Mr. Asif Mahmood, a Sponsor Director of the company, has expressed his intention to buy 5,00,000 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange PLC. within April 30, 2024, as per Rule-4 of the BSEC (Ullekhzogyo Sonkhyok Share Orjon, Odhigrohon o Kortritto Grohon) Bidhimala, 2018.
- 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, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- The company has informed that it has been allocated land in the Bangabandhu Sheikh Mujib Hi-Tech Park (BSMHTP), Sylhet,
The company has informed that it has been allocated land in the Bangabandhu Sheikh Mujib Hi-Tech Park (BSMHTP), Sylhet, at Bangladesh Hi-Tech Park Authority (BHTPA) under Information and Communication Technology Division of the Ministry of Posts, Telecommunications and Information Technology. As per the terms of the Agreement for Lease of Land dated April 16, 2024, (cont.)
- Allocation of Land in Bangabandhu Sheikh Mujib Hi-Tech Park, Sylhet
(Continuation news of ADNTEL): the company has been granted a lease for a portion of land within BSMHTP for 40 years measuring approximately 1.75321 acres or 7,095 square meters for developing international standard manufacturing facilities. The annual lease rent for the demised land, fixed at BDT equivalent of USD 1.50 per square meter per year, amounting to USD 10,642.50 for the first 10 years. After the first 10 years, the lease rent will increase every 3 years, with a maximum increase of 10%. (end)
The first part of this announcement is missing from the archive. - Confirmation of share transfer by a Sponsor
Mr. Mamonoor Rashid, a Sponsor of the company, has further informed that he has completed his transfer of 6,00,000 shares of the company to his son Mr. Ahnaf Rafid and 4,00,000 shares of the company to his daughter Ms. Ayesha Amanah Nuha by way of gift outside the trading system of the Exchange as per declaration disseminated by DSE on 27.03.2024.
- Declaration of share transfer by a Sponsor
Mr. Mamonoor Rashid, a Sponsor of the company, has expressed his intention to transfer 10,00,000 shares out of his total holding of 13,05,000 shares of the company to his Son Mr. Ahnaf Rafid, who will receive 6,00,000 shares, and daughter Ms. Ayesha Amanah Nuha, who will receive 4,00,000 shares of the company, (both General Shareholders of the company), by way of gift outside the trading system of the Exchange within April 30, 2024.
- Confirmation of share transfer by a Sponsor
Mr. Mohammad Ali Sarker, one of the Sponsors of the company, has further informed that he has completed his transfer of 8,52,500 shares of the company to his wife Ms. Shafia Ashrafi (General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated by DSE on 11.02.2024.
- Declaration of share transfer by a Sponsor
Mr. Mohammad Ali Sarker, one of the Sponsors of the company, has expressed his intention to transfer 8,52,500 shares of the company to his wife Ms. Shafia Ashrafi (General Shareholder of the company), by way of gift outside the trading system of the Exchange within 30 working days with effect from February 07, 2024.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.60 for October-December 2023 as against Tk. 1.00 for October-December 2022;
(Q2 Un-audited): Consolidated EPS was Tk. 0.60 for October-December 2023 as against Tk. 1.00 for October-December 2022; Consolidated EPS was Tk. 1.29 for July-December 2023 as against Tk. 2.01 for July-December 2022. Consolidated NOCFPS was Tk. 1.66 for July-December 2023 as against Tk. 0.97 for July-December 2022. Consolidated NAV per share was Tk. 30.36 as on December 31, 2023 and Tk. 30.54 as on June 30, 2023.
- The company has informed that the Board of Directors has approved the proposal to invest BDT 15 million in acquiring an
The company has informed that the Board of Directors has approved the proposal to invest BDT 15 million in acquiring an additional 50\% of shares in MY TEL Limited. This vertical acquisition will increase ADN Telecom Limited\'s current shareholding from 32\% to 82\% in MY TEL Limited, positioning it as a subsidiary of ADN Telecom Limited. MY TEL Limited is a private limited company, it serves as a telecommunications investment holding company and has investment (cont.)
- Q2 Financials
(Cont. news of ADNTEL): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in sales, loss in B2B segment and further persistent inflation. NOCFPS has been increased as a result of the increase in collection of receivables from the customers. (end)
The first part of this announcement is missing from the archive. - Acquisition of additional 50% shares of MY TEL Limited
(Cont. news of ADNTEL): in Bangla Tel Limited (holding an IGW License) and Jibondhara Solutions Limited (holding an ICX License), both licensed by the Bangladesh Telecommunication Regulatory Commission (BTRC). This proposed vertical acquisition will lead to further success and growth for the companies, strengthening their overall position in the market. (end)
The first part of this announcement is missing from the archive. - 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 January 29, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.