Continental Insurance PLC. announcements
346 Dhaka Stock Exchange announcements for Continental Insurance PLC. (CONTININS) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (21).
- Land Registration
The Company has informed that the Board of Directors has expressed satisfaction over the execution of land registration measuring area of 32.65 Katha at Road 2 & 3, Sector # 15B, Uttara 3rd phase, Dhaka at a cost of Tk. 6.64 crore only, excluding registration and other related expenses.
- Confirmation of share transfer by a Sponsor
The Company has informed that Mr. Md. Musa Meah, the Sponsor of the Company, has completed transfer of his entire holdings of 13,83,505 shares of the Company to his son, Mr. Imtiaz Bin Musa (3,33,505 shares) , a Public Shareholder Director and to his wife Mrs. Bulbul Joynab Akter (10,50,000 shares) by way of gift outside the trading system of the Exchange, as announced earlier.
- Declaration of transfer by a Sponsor
Mr. Md. Musa Meah, one of the Sponsors of the Company, has expressed his intention to transfer his entire holdings of 13,83,505 shares of the Company to his son, Mr. Imtiaz Bin Musa (3,33,505 shares) , a Public Shareholder Director and to his wife Mrs. Bulbul Joynab Akter (10,50,000 shares) respectively by way of gift (Cont.) (Continuation news of CONTININS): outside the trading system of the Exchange within October 31, 2017. It is to be further informed that The Board of Directors of the Company has decided to appoint Mrs. Bulbul Joynab Akter as a Director of the company after execution of the aforesaid transfer to comply with the BSEC notification No. SEC/CMRRCD/2009-193/119/Admin/.. dated November 22, 2011. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.22 for July-September, 2017 as against Tk. 0.15 for July-September, 2016; EPS was Tk. 1.69 for January-September, 2017 as against Tk. 1.67 for January-September, 2016. NOCFPS was Tk. 0.95 for January-September, 2017 as against Tk. 0.93 for January-September, 2016. NAV per share was Tk. 18.93 as of September 30, 2017 and Tk. 18.59 as of September 30, 2016.
- Confirmation of receipt by a Sponsor Director
Mrs. Dolly Iqbal, one of the Sponsors Directors of the Company, has further reported that she has received 32,963 shares of the Company from her husband Mr. Mohammed Iqbal, a Placement Shareholder of the Company, by way of gift outside the trading system of the Exchange as announced earlier.
- 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 05, 2017 at 3:30 PM to consider, among others, unaudited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Declaration of receipt by a Sponsor Director
Mrs. Dolly Iqbal, one of the Sponsors Directors of the Company has expressed her intention to receive 32,963 shares of the Company from her husband Mr. Mohammed Iqbal, a Placement Shareholder of the Company, by way of gift outside the trading system of the Exchange within October 31, 2017.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2016 to the respective shareholders' BO Accounts on July 26, 2017. It has disbursed Cash Dividend warrants to the respective shareholders' address through courier service.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.93 for April-June, 2017 as against Tk. 0.86 for April-June, 2016; EPS was Tk. 1.54 for January-June, 2017 as against Tk. 1.53 for January-June, 2016. NOCFPS was Tk. 0.67 for January-June, 2017 as against Tk. 0.17 for January-June, 2016. NAV per share was Tk. 20.21 as of June 30, 2017 and Tk. 18.18 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 July 20, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Matter of Emphasis
(Matter of Emphasis): The auditor of the company has given the following "Matter of Emphasis" Paragraph in the audit report of the company for the year ended on 31 December 2016: Emphasis of Matter: 1. As disclosed in the note 12.00 to the financial statements regarding outstanding premium, the company did not operate business and collect premium complying with the Section 18 of Insurance Act 2010. Management should take necessary steps to realize the outstanding premium. (cont.) (Continuation news of CONTININS): 2. As disclosed in the note 13.00 to the financial statements regarding amount due from other persons or bodies carrying on insurance business, the balance is subject to confirmation. Management should give proper attention to realize the amount which will strengthen the liquidity position of the company. (End)
- Resumption after Record Date
Trading of the shares of the Company will resume on 05.06.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 04.06.2017.
- 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 31.05.2017 to 01.06.2017. Trading of the shares of the Company will remain suspended on record date i.e., 04.06.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.61 for January-March, 2017 as against Tk. 0.70 for January-March, 2016. NOCFPS was Tk. 0.22 for January-March, 2017 as against Tk. 0.14 for January-March, 2016. NAV per share was Tk. 19.16 as of March 31, 2017 and Tk. 18.59 as of December 31, 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 May 13, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
- Dividend Declaration
The Board of Directors has recommended 5% cash and 5% stock dividend for the year ended on December 31, 2016. Date of AGM: 20.07.2017, Time: 11:00 AM, Venue: Spectra Convention Centre Ltd. House-19, Road-7, Gulshan-1, Dhaka-1212. Record Date: 04.06.2017. The Company has also reported EPS of Tk. 1.44, NAV per share of Tk. 18.59 and NOCFPS of Tk. 0.86 for the year ended on December 31, 2016 as against Tk. 1.51, Tk. 17.99 and Tk. 0.42 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 (02.05.2017) 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 April 30, 2017 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Confirmation of transfer by a Sponsor Director
Mohammad Iqbal, one of the Sponsors/Directors of the Company, has further reported that he has completed transfer of his entire holdings of 6,27,880 shares of the Company to his wife Dolly Iqbal by way of gift outside the trading system of the Exchange, as announced earlier.It is to be informed that earlier BSEC extended the time to transfer the above shares subject to the condition that the transferee (Dolly Iqbal) shall not execute sale/transfer of those shares before next adoption of financial statements and declaration in this regard.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has announced the CPA (Claim Paying Ability) Rating of the Company as "A+" along with a stable outlook in consideration of audited financials of the Company up to December 31, 2015, unaudited financials up to September 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.