Berger Paints Bangladesh Limited announcements
302 Dhaka Stock Exchange announcements for Berger Paints Bangladesh Limited (BERGERPBL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (36).
- 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 from 30.12.2024 to 01.01.2025 and trading of the shares will remain suspended on record date i.e., 02.01.2025 for EGM. A separate Record Date for the entitlement of the Rights Share will be declared after Bangladesh Securities and Exchange Commission accords approval to the Rights Share offer.
- Decision to issue Rights Share and hold EGM
The company has informed that the Board of Directors of the company in its 200th meeting held on December 9, 2024 passed the following decision in relation to financing a portion of the Third Factory Project through issuance of Rights Shares and holding of the 10th Extraordinary General Meeting to approve the proposed Rights Shares, among other agenda: Issuance of Rights Share: The Board of Directors (cont.1) (Cont. news of BERGERPBL): Record Date for the EGM and the shareholders whose names would appear in the Register of Members of the Company on the Record Date shall be entitled to attend and vote at the EGM. A separate Record Date for the entitlement of the Rights Share will be declared after Bangladesh Securities and Exchange Commission accords approval to the Rights Share offer. (end) (Cont. news of BERGERPBL): through the use of hybrid platform to accord approval to the Rights Issuance and renouncement plan. Members will have the option to participate either in person at the location of the EGM or virtually. The link for voting and virtually attending the EGM is HTTPS://BERGER.BDVIRTUALAGM.COM. Venue of the EGM will be notified later. Record Date: January 2, 2025 will be the (cont.6) (Cont. news of BERGERPBL): The other shareholders will be offered the renounced shares in 16:17 ratio (16 shares against 17 existing shares held in the company) held on the Record Date. After the Renouncement and Rights Issuance, the dilution of Berger's share will be approximately 10.28%. Extraordinary General Meeting (EGM): An Extraordinary General Meeting will be held on January 25, 2025, at 10:30 a.m. (cont.5) (Cont. news of BERGERPBL): intends to renounce the entire Rights Offer (2,591,691 shares) to other shareholders (2,182,720 shares) and the remaining shares to the employees of the Company (408,971 shares) for increasing dilution/free-float to at least 10% in line with BSEC's letter No. BSEC/SRMIC/2021/221 dated September 12, 2021 regarding the increase of free-float shares. (cont.4) (Cont. news of BERGERPBL): In this process the Company intends to raise BDT 3.03 billion by issuing 2,728,111 ordinary shares (2,591,691 shares to be offered to J&N Investments (Asia) Limited which holds 95% shares of the Company, and 136,420 shares to be offered to the other shareholders). The proceeds of the Rights Issue will be utilized for financing a portion of the establishment of its third factory at National Special Economic Zone. J & N Investments (Asia) Limited, the holder of 95% shares,(cont.3) (Cont. news of BERGERPBL): has decided to increase paid-up capital of the Company through issuance of 1:17 Rights Share (1 Rights Share against 17 existing shares of the Company) to all the shareholders at an issue price of BDT 1,110 per share including premium of BDT 1,100 for each Right Share subject to the approval of the members in the ensuing Extraordinary General Meeting (EGM) and subsequently by Bangladesh Securities and Exchange Commission (BSEC). (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.12.2024) following its corporate declaration.
- Regarding Decision to issue Rights Share (Additional Information)
Refer to their earlier news disseminated by DSE on 25.01.2024 and today i.e., 10.12.2024, the company has further informed that on November 12, 2024, BSEC issued a letter to the company regarding the Rights Application submitted on March 27, 2024 and advised to submit revised application complying with Securities and Exchange Commission (Rights Issue) Rules, 2006 (cont.) (Cont. news of BERGERPBL): along with Right share offer price justifying separately by the methods mentioned in the Rule 8(g) of the Rules. In accordance with the letter from BSEC, on 9 December 2024 the Board of Directors has declared revised price for Rights Offer. In the PSI dated 24 January 2024, the offer price was BDT 1,376, which has now been revised to BDT 1,110. Other aspects of the Rights Issue structure have remained unchanged. (end)
- Regarding further investment in Subsidiary Company
The Board of Directors of the company has resolved to invest additional BDT 22,499.00 thousand in Berger Tech Consulting Limited to subscribe to 2,250 thousand ordinary shares in the company. Established in June 2022, Berger Tech Consulting Limited is as a wholly owned subsidiary of Berger Paints Bangladesh Limited established. The company provides different Information Technology Enabled Services and related consultancy services.
- (Q2 Un-audited): Diluted Consolidated EPS was Tk. 12.20 for July-September 2024 as against Tk. 10.12 for July-September
(Q2 Un-audited): Diluted Consolidated EPS was Tk. 12.20 for July-September 2024 as against Tk. 10.12 for July-September 2023; Diluted Consolidated EPS was Tk. 32.94 for April-September 2024 as against Tk. 31.08 for April-September 2023. Consolidated NOCFPS was Tk. (28.27) for April-September 2024 as against Tk. 54.50 for April-September 2023. Consolidated NAV per share was Tk. 342.47 as on September 30, 2024 and Tk. 309.53 as on March 31, 2024. (cont.)
- Q2 Financials
(Continuation news of BERGERPBL): Reasons for deviation in NOCFPS: NOCFPS significantly decreased from same period of last year mainly due to higher import payments (LCs deferred under UPAS). (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 October 24, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended September 30, 2024.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "AAA" in the long term and "ST-1" in the short term along with Stable outlook in consideration of its audited financials up to March 31, 2024, unaudited financial up to June 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record Date
Trading of the shares of the company will resume on 19.08.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 20.74 for April-June 2024 as against Tk. 20.96 for April-June 2023; Consolidated NOCFPS was Tk. (17.81) for April-June 2024 as against Tk. 47.08 for April-June 2023. Consolidated NAV per share was Tk. 330.27 as on June 30, 2024 and Tk. 309.53 as on March 31, 2024. The Company has informed that NOCFPS decreased mainly due to the settlement of LCs that had been deferred last year.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.08.2024.
- Spot News (Revised)
Refer to the earlier news disseminated by DSE on 12.08.2024 regarding spot news of the company, 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 13.08.2024 to 15.08.2024 instead of 13.08.2024 to 14.08.2024 due to the cancellation of Govt. holiday of August 15, 2024, and trading of the shares will remain suspended on record date i.e., 18.08.2024.
- 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 13.08.2024 to 14.08.2024 and trading of the shares will remain suspended on record date i.e., 18.08.2024.
- 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 August 14, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended June 30, 2024.
- The Board of Directors has recommended 500\% cash dividend for the year ended March 31, 2024. Date of AGM: 02.10.2024, T
The Board of Directors has recommended 500\% cash dividend for the year ended March 31, 2024. Date of AGM: 02.10.2024, Time of AGM: 10:00 AM, Venue: AGM will be held using the digital platform at https://berger.bdvirtualagm.com. Record Date: 18.08.2024. (cont.)
- Dividend Declaration
(Continuation news of BERGERPBL): The Company has also reported Consolidated EPS of Tk. 69.92, Consolidated NAV per share of Tk. 309.53 and Consolidated NOCFPS of Tk. 139.64 for the year ended March 31, 2024 as against Tk. 64.91, Tk. 279.78 and Tk. 74.30 respectively for the year ended March 31, 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 (28.07.2024) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
Refer to their earlier news disseminated on 16.07.2024, the Company has further informed that the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 27, 2024 at 12:30 PM instead of earlier declared date on July 23, 2024, to consider, among others, audited financial statements of the Company for the year ended March 31, 2024.
- 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 July 23, 2024 at 04:00 PM to consider, among others, audited financial statements of the Company for the year ended March 31, 2024.
- Place for physically attending the hybrid EGM
Refer to their earlier news disseminated by DSE on 25.01.2024 regarding EGM for approval of Rights Issuance, amendments in AOA and Others, the company has further informed the place for physically attending the hybrid EGM: Uttara Club Limited, Plot no. 6, Road no. 9, Sector no. 1, Uttara Model Town, Dhaka-1230.
- Resumption after record date
Trading of the shares of the company will resume on 15.02.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 14.02.2024 for EGM.
- Spot for EGM
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 from 12.02.2024 to 13.02.2024 and trading of the shares will remain suspended on record date i.e., 14.02.2024 for EGM.
- (Q3 un-audited): Consolidated EPS was Tk. 18.30 for October-December 2023 as against Tk. 14.73 for October-December 2022
(Q3 un-audited): Consolidated EPS was Tk. 18.30 for October-December 2023 as against Tk. 14.73 for October-December 2022; Consolidated EPS was Tk. 49.38 for April-December 2023 as against Tk. 44.16 for April-December 2022. Consolidated NOCFPS was Tk. 103.22 for April-December 2023 as against Tk. 6.23 for April-December 2022. Consolidated NAV per share was Tk. 289.70 as on December 31, 2023 and Tk. 279.78 as on March 31, 2023. (cont.)
- The Company has informed that an Extraordinary General Meeting (EGM) will be held on March 10, 2024, at 10:30 a.m. throu
The Company has informed that an Extraordinary General Meeting (EGM) will be held on March 10, 2024, at 10:30 a.m. through the use of hybrid platform to accord approval to the Rights Issuance and renouncement plan and amendments of the Articles of Association. Members will have the option to participate either in person at the location of the EGM or virtually. The link for voting and virtually attending the EGM is HTTPS://BERGER.BDVIRTUALAGM.COM. Place of the EGM will be notified later. (cont.1)
- (Continuation news of BERGERPBL): Record Date for EGM: February 14, 2024. The shareholders whose names would appear in t
(Continuation news of BERGERPBL): Record Date for EGM: February 14, 2024. The shareholders whose names would appear in the Register of Members of the Company on the Record Date shall be entitled to attend and vote at the EGM. A separate Record Date for the entitlement of the Rights Share will be declared after Bangladesh Securities and Exchange Commission accords approval to the Rights Share offer. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BERGERPBL): Issuance of Rights Share: The Board of Directors has decided to increase paid-up capit
(Continuation news of BERGERPBL): Issuance of Rights Share: The Board of Directors has decided to increase paid-up capital of the Company through issuance of 1:17 Rights Share (1 Rights Share against 17 existing shares of the Company) to all the shareholders at an issue price of BDT 1,376 per share including premium of BDT 1,366 for each Right Share subject to the approval of the shareholders in the ensuing Extraordinary General Meeting (EGM) (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of BERGERPBL): and subsequently by Bangladesh Securities and Exchange Commission (BSEC). In this proc
(Continuation news of BERGERPBL): and subsequently by Bangladesh Securities and Exchange Commission (BSEC). In this process the Company intends to raise BDT 3.75 billion by issuing 2,728,111 ordinary shares (2,591,691 shares to be offered to J&N Investments (Asia) Limited which holds 95\% shares of the Company, and 136,420 shares to be offered to the other shareholders). The proceeds of the Rights Issue will be utilized for financing a portion of the establishment (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BERGERPBL): of its third factory at Bangabandhu Sheikh Mujib Shilpa Nagar. J&N Investments (Asia)
(Continuation news of BERGERPBL): of its third factory at Bangabandhu Sheikh Mujib Shilpa Nagar. J&N Investments (Asia) Limited, the holder of 95\% shares, intends to renounce the entire Rights Offer (2,591,691 shares) to employees of the Company (408,971 shares) and other shareholders (2,182,720 shares) for increasing dilution/free-float to at least 10\% in line with BSEC\'s letter No. BSEC/SRMIC/2021/221 dated September 12, 2021 regarding the increase of free-float shares. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BERGERPBL): The other shareholders will be offered the renounced shares in 16:17 ratio (16 shares
(Continuation news of BERGERPBL): The other shareholders will be offered the renounced shares in 16:17 ratio (16 shares against 17 existing shares held in the company) held on the Record Date. After the Renouncement and Rights Issuance, the dilution of Berger\'s share will be approximately 10.28\%. Amendment of the Articles of Association: To amend the Articles 86(a) [Notice for meetings], 145 [Power to appoint Managing Director], 153 [The Seal] and 178(3) [Audit Provisions] of the (cont.6)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of BERGERPBL): Reasons for deviation in EPS and NOCFPS: Despite lower growth in revenue in 2023-24, the EPS increased significantly mainly due to soft raw-materials price and increase in investment income though partially impacted by foreign exchange loss. NOCFPS significantly increased from same period of last year mainly due to increase in trade creditors impacted by deferring import payments. (end)
The first part of this announcement is missing from the archive. - Revised Project Cost of Third Factory of the Company
Refer to the earlier news of the Company disseminated by DSE on 30.10.2022, the company has further informed that the revised project cost of the third factory at Bangabandhu Sheikh Mujib Shilpa Nagar is estimated at BDT 8.13 billion. The third factory is expected to commence production in April 2026.
- EGM for approval of Rights Issuance, amendments in AOA and Others
(Continuation news of BERGERPBL): Articles of Association of the Company subject to the approval of the members at the Extraordinary General Meeting through Special Resolution. The changes are proposed for alignment of the Articles of Association with the present provisions of the Companies Act 1994 and other regulations. (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 (25.01.2024) following its decision for issuance of rights shares.
- 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 24, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.