Baraka Power Limited announcements
202 Dhaka Stock Exchange announcements for Baraka Power Limited (BARKAPOWER) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (20).
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on December 26, 2017. Cash dividend and sale proceeds of fractional shares will be credited through BEFTN or sent to the shareholders in the form of a payment advice within stipulated time.
- Resumption after record date
Trading of the shares of the Company will resume on 22.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2017 for EGM & AGM.
- Spot for EGM & AGM
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 19.11.2017 to 20.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2017 for EGM & AGM.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.76 for July-September, 2017 as against Tk. 0.89 for July-September, 2016; Consolidated NOCFPS was Tk. 1.26 for July-September, 2017 as against Tk. (0.79) for July-September, 2016. Consolidated NAV per share was Tk. 20.87 as on September 30, 2017 and Tk. 20.12 as on June 30, 2017.
- 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 November 14, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Furnishing 12 digit e-TIN Number
The Company has requested the shareholders to update their respective BO accounts with 12 Digits e-TIN number through respective DPs before the record date. If anyone fails to update the ETIN, disbursement of respective cash dividend will be subject to deduction of AIT @15% instead of 10% as per regulation. The shareholders are also requested to update the contact details (i.e. address, phone number etc.) and bank account information of BO account before the record date. The concerned Brokerage (cont.) (Continuation news of BARKAPOWER): Houses are also requested to provide the statement with the details (shareholder's name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) of their margin loan holders, as on record date, along with the name of the contact person, to the Company's share office on or before 05.12.2017. The Brokerage Houses are also requested to provide their bank account name and number, routing number etc. (end)
- Increase of Authorized Capital & issuance of preference share
The Board of Directors of the Company has decided to increase the Authorized Capital of the Company from Tk. 300.00 crore to Tk. 400.00 crore subject to approval of the shareholders in the EGM. The Board has also decided to issue 8,00,00,000 non-listed, non-convertible, cumulative, redeemable preference share of Tk. 10.00 each amounting Tk. 80.00 crore through private placement for meeting up financing needs of the Company. (cont.) (Continuation news of BARKAPOWER): The preference shares would be issued with a tentative annual dividend rate ranging from 8% to 9% having redemption period ranging from 5 years to 7 years. Date of EGM: 14.12.2017, Time of EGM: 11:30 AM, Venue: Hotel Star Pacific, Dargah Gate, Sylhet-3100. Record date for EGM: 21.11.2017. (end)
- Dividend Declaration
The Board of Directors has recommended 5% cash and 15% stock dividend for the year ended on June 30, 2017. Date of AGM: 14.12.2017, Time: 12:30 PM, Venue: Hotel Star Pacific, Dargah Gate, Sylhet-3100. Record date: 21.11.2017. The Company has also reported Consolidated EPS of Tk. 2.63, Consolidated NAV per share of Tk. 20.12 and Consolidated NOCFPS of Tk. 3.52 for the year ended on June 30, 2017 as against Tk. 2.52, Tk. 19.86 and Tk. 5.08 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2017) following its corporate declaration.
- 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 26, 2017 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Getting LOI and Investment in New Power Plant in Chittagong
The Company has informed that Bangladesh Power Development Board (BPDB) has issued Letter of Intent (LOI) to karnaphuli Power Limited vide their memo dated 08.08.2017 for implementing HFO fired IPP power plant having capacity of 110 MW on BOO (Build, Own, Operate) basis at Sikalbaha, Chittagong for term of 15 years from the commercial operation date (COD). Baraka Power Limited's subsidiary Baraka Patenga Power Limited has 51% shares in Karnaphuli Power Limited (cont.) (Continuation news of BARKAPOWER): and Board of Directors of Baraka Power Limited has decided to invest 25% shares in Karnaphuli Power Limited. By way of cross holding (with Baraka Patenga Power's 51%), Baraka Power Limited's shareholding will be stood at 51.01% aggregately in Karnaphuli Power Limited. The required COD of the new plant is 15 months from the date of agreement signing. (end)
- Completion of Acquisition Process of RMG Factory
With reference to their earlier news (disseminated by DSE on 24.04.2017) regarding a decision for acquisition of RMG Factory, the Company has further informed that the acquisition process of a 100% export oriented newly build compliance running Ready-Made-Garments factory has been completed.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.77 for January-March, 2017 as against Tk. 0.74 for January-March, 2016; Consolidated EPS was Tk. 2.40 for July, 2016-March, 2017 as against Tk. 2.27 for July, 2015-March, 2016. Consolidated NOCFPS was Tk. 4.56 for July, 2016-March, 2017 as against Tk. 4.73 for July, 2015-March, 2016. Consolidated NAV per share was Tk. 19.89 as of March 31, 2017 and Tk. 19.86 as on June 30, 2016.
- Decision regarding acquisition of RMG Factory
The Company has informed that the Board of Directors has approved the acquisition proposal of a 100% export oriented newly built compliance running Ready-Made-Garments Factory having 10-line (woven tops) production capacity with a value of Tk. 30.00 crore and additional cost of Tk. 10.00 crore that will be invested by new management totaling Tk. 40.00 crore. The deal may be financed through 70:30 debt-equity ratio and Baraka Power Limited will take 51% equity amounting Tk. 6.12 crore. (cont.) (continuation news of BARKAPOWER): The estimated average net earnings (based on 10 years projection) of the Project will be Tk. 6.91 crore per year. The further information about the acquisition proposal will be informed within May 31, 2017 subject to the acquisition due diligence is done and accordingly agreement is signed. (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 April 23, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.74 for October-December, 2016 as against Tk. 0.68 for October-December, 2015; Consolidated EPS was Tk. 1.63 for July-December, 2016 as against Tk. 1.53 for July-December, 2015. Consolidated NOCFPS was Tk. 4.12 for July-December, 2016 as against Tk. 4.49 for July-December, 2015. Consolidated NAV per share was Tk. 19.12 as of December 31, 2016 and Tk. 19.86 as of December 31, 2015.
- 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 28, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2016 to the respective shareholders' BO Accounts on January 03, 2017. The payment of cash dividend and sale proceeds of fraction shares will be credited to the shareholders Bank Accounts through BEFTN or sent to the shareholders in the form of a payment advice within stipulated time.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.