Confidence Cement PLC announcements
335 Dhaka Stock Exchange announcements for Confidence Cement PLC (CONFIDCEM) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (23).
- Resumption after record date
Trading of the shares of the Company will resume on 21.12.2017 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2017 for EGM.
- 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 from 18.12.2017 to 19.12.2017. Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2017 for EGM.
- Holding of EGM to delete, add and replace some Clauses in the AOA
The Company has informed that the Board of Directors has decided to convene an EGM on January 24, 2018 at 11:30 AM in the Factory Premises Madambibirhat, Bhatiary, Chittagong to delete, add and replace some Clauses in the Articles of Associations of the Company. Record Date for EGM: 20.12.2017.
- Buy Confirmation
Confidence Steel Limited (Confidence Steel Limited & Confidence Cement Limited have common share holding Directors in the respective Board) has further reported that it has completed buy of 20,25,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Commissioning Works of Unit-3
The Company has informed that Its (Unit-3) erection and commissioning works will be completed within this month, November, 2017. It is to be noted that the commercial production (Unit-3) will start on December 30, 2017. After completion of Unit-3 the production capacity of the Company will be increased by 2,500 M.T. to 4,500 M.T. per day, which is more than double of its current capacity.
- Resumption after record date
Trading of the shares of the Company will resume on 26.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2017.
- 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 21.11.2017 to 22.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2017.
- Buy declaration
Confidence Steel Limited (Confidence Steel Limited & Confidence Cement Limited have common share holding Directors in the respective Board) has expressed its intention to buy 20,25,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Dividend Declaration
The Board of Directors has recommended 15% cash and 20% stock dividend for the year ended on June 30, 2017. Date of AGM: 24.12.2017, Time: 11:30 AM, Venue: Factory premises, Madambibirhat, Bhatiary, Sitakunda, Chittagong. Record Date: 23.11.2017. The Company has reported EPS of Tk. 11.07, NAV per share of Tk. 84.01 and NOCFPS of Tk. 9.35 the year ended on June 30, 2017 as against Tk. 10.22, Tk. 73.71 and Tk. 7.85 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 (30.10.2017) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.49 for July-September, 2017 as against Tk. 1.30 for July-September, 2016; NOCFPS was Tk. (7.45) for July-September, 2017 as against Tk. (2.51) for July-September, 2016. NAV per share was Tk. 85.66 as on September 30, 2017 and Tk. 84.09 as on June 30, 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 October 29, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended 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 October 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 September 30, 2017.
- Demerger Proposal of the Battery Business of Confidence Electric Ltd.
With reference to their earlier news disseminated on 05.06.2017 regarding "Investment for entitlement of 49% shares of Confidence Batteries Limited", the Company has further informed that the Board of Directors of Confidence Electric Limited (an associate Company where Confidence Cement Ltd. holds 49% shares) has approved the following: a) considered the proposal of Demerger of the battery Business of Confidence Electric Limited, in accordance with the Section 228 and (cont. 1) (continuation news of CONFIDCEM): As separate entities, the two companies after the Demerger have good future prospect, will create greater value for the shareholders than could be delivered as single Company. The demerged Companies are likely to achieve higher long-term financial returns than could be achieved in current structure. (end) (continuation news of CONFIDCEM): to the shareholders of Confidence Electric Limited on a proportionate basis. Therefore, Confidence Cement Limited will retain its 49% shareholding in Confidence Batteries Limited after Demerger. c) This demerger will help both the transformer and battery business to grow with increased focus. (cont. 3) (continuation news of CONFIDCEM): Section 229 of the Companies Act 1994, with July 01, 2016 as the appointed date, subject to approval from High Court Division of the Supreme Court of Bangladesh and other legal/regulatory authorities. b) In the proposed demerger the battery business of Confidence Electric Limited will be demerged from the Company and vested to Confidence Batteries Limited. In consideration thereof, issue of equity shares by Confidence Batteries Limited (cont. 2)
- Investment for entitlement of 49% shares of Confidence Batteries Ltd.
The Company has informed that the Board of Directors of the Company, among others, has approved that the Company will make an investment of Tk. 2,45,000.00 for 24,500 number of ordinary shares of Confidence Batteries Limited subject to the required regulatory approvals. The said investment will entitle Confidence Cement Limited 49% shares of Confidence Batteries Limited.
- Issuance of Letter of Intent by BPDB
The Company has informed that Bangladesh Power Development Board (BPDB) vide their Memo dated May 15, 2017 has issued the Letter of Intent (LOI) for a HFO Fired Power Generation Facility of 113 MW Capacity at Rangpur, Bangladesh and 113 MW Capacity at Bogra, Bangladesh respectively to the Consortium of Confidence Cement Limited and Confidence Steel Limited. (cont.) (continuation news of CONFIDCEM): Confidence Cement Limited 51% and Confidence Steel Limited 49% have shares in the consortium. The required commercial operation date (COD) of the power plant is 18 months from the projects effective date and contract period will be 15 years from the COD. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 3.65 for January-March, 2017 as against Tk. 3.24 (restated; here shares of profit/loss of Associates Companies have been considered) for January-March, 2016; EPS was Tk. 7.71 for July, 2016-March, 2017 as against Tk. 7.10 for July, 2015-March, 2016. NOCFPS was Tk. 4.18 for July, 2016-March, 2017 as against Tk. 10.09 for July, 2015-March, 2016. NAV per share was Tk. 77.95 as of March 31, 2017 and Tk. 73.76 as of June 30, 2016.
- Entire shares sale of ECPVL & ECPVCL
The Company has informed that they would sell entire shares of Energypac Confidence Power Venture Limited (ECPVL) (11 M.W) and ECPV Chittagong Limited (ECPVCL) (108 M.W) as per Share Purchase and Payments Agreement to be executed amongst Confidence Cement Limited, Confidence Steel Limited, Energypac Power Generation Limited, Energypac Confidence Power Venture Limited and ECPV Chittagong Limited. The entire investment of Confidence Cement Limited into (cont.1) (continuation news of CONFIDCEM): the ordinary shares of 2 private limited companies, namely Energypac Confidence Power Venture Limited and ECPV Chittagong Limited, will be sold to Energypac Power Generation Limited and its nominees. Selling consideration from the investment will be Tk. 807,864,965.00 and total carrying value of the investment in those two Companies will be Tk. 744,095,173.00; which will raise profit by Tk. 63,769,792.00. (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 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 March 31, 2017.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.76 for October-December, 2016 as against Tk. 2.49 for October-December, 2015; EPS was Tk. 4.06 for July-December, 2016 as against Tk. 3.86 for July-December, 2015. NOCFPS was Tk. (1.68) for July-December, 2016 as against Tk. 4.74 for July-December, 2015. NAV per share was Tk. 74.23 as of December 31, 2016 and Tk. 73.75 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 January 30, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.