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 2024 (33).
- EGM for revised proposal of Rights Issue
Refer to their earlier news disseminated by DSE on 10.09.2024, the company has further informed that the Board of Directors has taken the decision to revise the Issue Price of the Rights Share and recommended to issuance of Rights Share at a ratio of 3 : 1 (R) Share i.e., 1 (One) Rights Share against 3 (Three) ordinary shares held at record date at an Issue Price of Tk. 35 (including Tk. 25 Premium) for each Rights Share, subject to approval (cont.1) (Cont. News of CONFIDCEM): The shareholders will be notified of the separate record date for the Rights entitlement after approval from the BSEC. Date and time of the EGM: February 05, 2025 at 11:00 AM. Venue: Hybrid System (Details about venue will be notified through the EGM Notice). Record Date: January 12, 2025. (end) (Cont. News of CONFIDCEM): of the Shareholders in the 6th Extra-Ordinary General Meeting (EGM) and subsequently Bangladesh Securities and Exchange Commission (BSEC) and complying with the requirements embodied in relevant laws and Regulatory Authorities concerned. The purpose of the Rights Issue is for investment in associate company, Confidence Cement Dhaka Limited and for Term-Loan repayments of Confidence Cement PLC. (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (22.12.2024) following its corporate declaration.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2024 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'Z' category with effect from December 08, 2024 as the Company has reported disbursement of 10% Cash for the year ended June 30, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase the securities of Confidence Cement PLC. in between 1st to 7th trading days following the change of categorization, with effect from December 08, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from December 04, 2024 as per provision 1(e) of BSEC Directive No. BSEC/CMRRCD/2009-193/77, dated May 20, 2024 regarding non-disbursement of the approved dividend within the stipulated time frame.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Confidence Cement PLC. with effect from December 04, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 3.96 for July-September 2024 as against Tk. 2.16 (restated) for July-September 2023; Consolidated NOCFPS was Tk. 0.43 for July-September 2024 as against Tk. (2.84) for July-September 2023; Consolidated NAV per share was Tk. 78.72 as on September 30, 2024 and Tk. 74.75 as on June 30, 2024. Reasons for deviation in Consolidated EPS, NOCFPS and NAVPS: Consolidated EPS has increased due to significant increment of share of profit of equity accounted investees. (cont. (Continuation news of CONFIDCEM): Consolidated NOCFPS has increased due to decrease of payment of suppliers and others. Consolidated NAVPS has increased due to added the profitability of the period under consideration. (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 November 14, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 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 November 14, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Resumption after record date
Trading of the shares of the company will resume on 01.10.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 30.09.2024.
- Qualified Opinion, Emphasis of Matter and Other Matter
The auditor of the company has given the "Qualified Opinion", "Emphasis of Matter" and "Other Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/September/Confidence%20Cement2024.pdf
- 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 26.09.2024 to 29.09.2024 and trading of the shares of the company will remain suspended on record date i.e., 30.09.2024.
- The Board of Directors recommended to raise the Paid-up Capital through issuance of Rights Share at a ratio of 3 : 1 (R)
The Board of Directors recommended to raise the Paid-up Capital through issuance of Rights Share at a ratio of 3 : 1 (R) Share i.e. 1 (One) Right Share against 3 (Three) ordinary shares held at record date at an Issue Price of Tk. 45 (including Tk. 35 Premium) for each Right Share, subject to approval of the Shareholders in the Annual General Meeting (AGM), Bangladesh Securities and Exchange Commission (BSEC) and complying with the requirements embodied (cont.)
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend the year ended June 30, 2024. Date of AGM: 23.10.2024, Time: 11:00 AM, Venue: Digital Platform, Record Date: 30.09.2024. The Company has reported Consolidated EPS of Tk. 8.73, Consolidated NAV per share of Tk. 74.75 and Consolidated NOCFPS of Tk. (2.78) for the year ended June 30, 2024 as against Tk. 3.15 (restated), Tk. 69.89 (restated) and Tk. (5.31) (restated) respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.09.2024) following its corporate declaration.
- Enhancement of Paid-up Capital through Rights Issue
(Continuation news of CONFIDCEM): in relevant laws and Regulatory Authorities concerned. The purpose of the Rights Issue is for investment in associate company, Confidence Cement Dhaka Limited and for Term-Loan repayments. The shareholders will be notified of the separate record date for the Rights entitlement after approval from the BSEC. (end)
The first part of this announcement is missing from the archive. - Disposal of Business of Ready-mix Plant
The Board of Directors has decided to dispose the business of Ready-mix Concrete (RMC) Plant (24,00,000 CFT capacity per annum) located at Sea-Beach Road, South Patenga, Chattogram subject to approval of the Shareholders in the general meeting due to disruption in raw materials import for crisis of foreign currency (dollar), prevailing stagnation in domestic infrastructure development and newly imposed of VAT on Ready-mix business has led to price hikes and shrinking demand significantly.
- 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 September 09, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance entity rating of the Company as "AA3" in the long term and "ST-2" in the short term along with Stable outlook based on audited financial statements up to June 30, 2023, un-audited financial statements of March 31, 2024, bank liability position as on May 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The company has informed that it has credited the Bonus Shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended June 30, 2023.
- (Q3 Un-audited): Consolidated EPS was Tk. 3.00 for January-March 2024 as against Tk. 1.67 (restated) for January-March 2
(Q3 Un-audited): Consolidated EPS was Tk. 3.00 for January-March 2024 as against Tk. 1.67 (restated) for January-March 2023. Consolidated EPS was Tk. 8.06 for July 2023-March 2024 as against Tk. 5.68 (restated) for July 2022-March 2023. Consolidated NOCFPS was Tk. 2.47 for July 2023-March 2024 as against Tk. (4.33) (restated) for July 2022-March 2023. (cont.)
- Q3 Financials
(Continuation news of CONFIDCEM): Consolidated NAV per share was Tk. 74.17 as on March 31, 2024 and Tk. 69.89 (restated) as on June 30, 2023. Reasons for deviation: EPS has increased compared to the EPS of the same period of last year due to declining of raw material cost and foreign currency fluctuation loss significantly. NOCFPS has increased compared to the same period of last year during the period due to decrease of direct and indirect operational costs. (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 April 29, 2024 at 03:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): Consolidated EPS was Tk. 3.50 for October-December 2023 as against Tk. 2.61 (restated) for October-Dece
(Q2 Un-audited): Consolidated EPS was Tk. 3.50 for October-December 2023 as against Tk. 2.61 (restated) for October-December 2022; Consolidated EPS was Tk. 5.29 for July-December 2023 as against Tk. 4.22 (restated) for July-December 2022. Consolidated NOCFPS was Tk. (1.98) for July-December 2023 as against Tk. (4.98) for July-December 2022. Consolidated NAV per share was Tk. 75.20 as on December 31, 2023 and Tk. 69.89 as on June 30, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.)
- Q2 Financials
(Continuation news of CONFIDCEM): EPS has been increased compared to the EPS of the same period of last year due to declining of raw material cost and foreign currency fluctuation loss. NOCFPS has been increased compared to the same period of last year during the period due to decrease of direct and indirect operational costs. NAVPS has been increased compared to the NAV of the last audited financial statements due to added the profitability of the period under consideration. (end)
The first part of this announcement is missing from the archive. - Decision to halt production activities of Ready Mix Concrete Plant
The Company has informed that the Board of Directors has decided to halt production activities of Ready-mix Concrete (RMC) Plant (24,00,000 CFT capacity per annum) located at Sea-Beach Road, South Patenga, Chattogram, due to disruption in raw materials import for crisis of foreign currency (dollar), prevailing stagnation in domestic infrastructure development and newly imposed of VAT on Ready-mix business has led to price hikes and shrinking demand significantly.
- 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 31, 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.
- Resumption after Record Date
Trading of the shares of the company will resume on 17.01.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 16.01.2024.
- Spot for entitlement of 5% stock dividend
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 14.01.2024 to 15.01.2024 and trading of the shares will remain suspended on record date i.e., 16.01.2024 for entitlement of 5% stock dividend.
- BSEC's consent for issuance of Stock Dividend and record date
Refer to their earlier news disseminated by DSE on 19.11.2023 and 06.12.2023, the Company has further informed that they have received consent from the Bangladesh Securities and Exchange Commission for issuance of 5% stock dividend (bonus shares) for the year ended June 30, 2023. The Board of Directors of the Company has fixed the Record Date for the entitlement of stock Dividend on January 16, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.