Delta Life Insurance Company Limited announcements
287 Dhaka Stock Exchange announcements for Delta Life Insurance Company Limited (DELTALIFE) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (29).
- Q3 Financials
(Q3 Un-audited): Increase in consolidated life revenue account for July-September, 2018 was Tk. 355.97 million as against increase in Tk. 278.94 million for July-September, 2017. Whereas increase in consolidated life revenue account for Jan- September, 2018 was Tk. 129.40 million with consolidated total life insurance fund of Tk. 36,871.60 million as against increase of Tk. 738.28 million and Tk. 35,440.76 million respectively for the same period of previous year.
- Elected Chairman
The Company has informed that Lt. General M. Noor Uddin Khan, psc (Retd.) has been elected as the Chairman of the Company.
- 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 28, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Sale confirmation of a Sponsor
Dr. Sadiqur Rahman Malik, one of the Sponsors of the Company, has further reported that he has completed his sale of 1,99,900 shares of the Company at prevailing market price through Stock Exchanges as announced earlier.
- Q2 Financials
(Q2 Un-audited): Increase in consolidated life revenue account for Apr-June 2018 was Tk. 114.70 m. with consolidated total life insurance fund of Tk. 36,515.64 m. as against Tk. 54.14 m. and Tk. 35,161.82 m. respectively for the same period of the previous year. Decrease in consolidated life revenue account for Jan-June 2018 was Tk. 226.56 m. with consolidated total life insurance fund of Tk. 36,515.64 m. as against (cont. 1) (Continuation news of DELTALIFE): The reason for such decline in life fund was because of rebalancing of the capital market portfolio during these 6 months. The capital market portfolio is under a restructuring plan of offloading less profitable shares and realizing losses of investment made earlier periods and investing the sale proceeds in shares that the Company sees to be more lucrative. Management is expecting that this decline will be reversed by the year end. (end) (Continuation news of DELTALIFE): increase in Tk. 459.34 m. and Tk. 35,161.82 m. respectively for the same period of the previous year. Life Fund of the Company was accumulated to Tk. 3,651.56 crore compared to Tk. 3,674.22 crore as on 31.12.2017. it has declined to the extent of Tk. 22.66 crore, even though there is a 5.21% increase in Net Premium Income. (cont. 2)
- 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 30, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2018.
- Sale declaration of a Sponsor
Dr. Sadiqur Rahman Malik, one of the Sponsors of the Company, has expressed his intention to sell 1,99,900 shares out of his total holding of 2,00,000 shares of the Company at prevailing market price (In the Block Market) through Stock Exchanges (DSE & CSE) within next 30 working days.
- Dividend Disbursement
The Company has informed that it has disbursed Cash Dividend for the year ended on December 31, 2017 to the respective shareholders' Bank accounts through BEFTN on July 10, 2018. The shareholders' having shares in paper form (Folio) are requested to collect the dividend warrants from the share Department of the Company.
- Q1 Financials (Additional Information)
Referring to their earlier news disseminated on June 24, 2018 regarding latest unaudited 1st quarterly financial disclosures of the company, it is to be further noted that Life Fund of the Company was declined to 341.26 million for rebalancing of the capital market portfolio of the company during these 3 months period. (cont.) (Continuation news of DELTALIFE): The capital market portfolio is under a restructuring plan of offloading less profitable shares and realizing losses of investments made earlier periods and investing the sale proceeds in shares that the company sees more lucrative. Management is expecting that this decline will be reverse by the year end. (end)
- Q1 Financials
(Q1 Un-audited): Decrease in consolidated life revenue account for Jan- March, 2018 was Tk. 341.26 million with consolidated life insurance fund of Tk. 36,400.94 million as against increase in consolidated life revenue account of Tk. 405.20 million with consolidated life insurance fund of Tk. 35,107.67 million respectively for the same period of the previous year.
- 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 June 21, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 07.06.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2018.
- 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 04.06.2018 to 05.06.2018. Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2018.
- Revised EGM date
Referring to their earlier news disseminated by DSE on 24.04.2018 regarding EGM to amend certain clause of the Articles of Association, the Company has further informed that the 10th EGM will be held on June 21, 2018 instead of earlier declared date June 10, 2018. Other information of the EGM will remain unchanged.
- Resumption after record date
Trading of the shares of the Company will resume on 20.05.2018 after record date.
- Dividend Declaration
The Board of Directors has recommended 25% cash dividend for the year ended on December 31, 2017. Date of AGM: 21.06.2018, Time: 10:30 AM, Venue: Delta Life Tower, Plot #37, Road # 90, Gulshan Cirecle-2, Dhaka-1212. Record Date: 06.06.2018.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (16.05.2018) following its corporate declaration.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2018 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 15.05.2018 to 16.05.2018. Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2018 for EGM.
- New Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that the meeting of the Board of Directors of the Company will now be held on May 15, 2018 at 6:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Postponement of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting as per LR 19(1) scheduled to be held on April 30, 2018 at 6:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017, has been postponed. New date and time of the meeting will be notified later on.
- EGM to amend certain clause of the Articles of Association
The Company has informed that the Board of Directors has decided to hold an EGM to amend certain clause of the Articles of Association of the Company subject to the approval of the shareholders in the EGM. Date of EGM: 10.06.2018, Time: 10:00 AM, Venue: Delta Life Tower, Plot # 37, Road # 90, Gulshan Circle # 2, Dhaka- 1212. Record date for EGM: 17.05.2018.
- 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, 2018 at 6:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Query Response
In response to a DSE query dated April 23, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response (Disregard the news)
Please disregard the news regarding query response on unusual price hike of shares of the company. The news was inadvertently disseminated.
- Query Response
In response to a DSE query dated April 17, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned "AAA" as long term credit rating to the Company along with a stable outlook based on audited financials of the Company up to December 31, 2016, unaudited financial statements up to September 30, 2017 and other relevant qualitative along with quantitative information up to the date of rating.
- Fine Imposed on Directors, CEO/MD & Company Secretary
BSEC News: BSEC has fined Tk. 2.00 lac each to Mr. Abdullah Al-Mansur (Company Secretary), Mr. Swapan Kumar Sarkar, (CEO/MD), Mr. Md. Wahid Uddin, (Director), Ms. Anika Rahman (Director), Mr. Arif Ahmed (Director), Mr. Monzurur Rahman (Chairman/Director), Mr. Md. Mujibur Rahman (Director), Saika Rahman (Director), Mr. Nizamul Hoque (Director), Mr. Kazi Fazlur Rahman (Director) and Mr. Zeyad Rahman (Director) for non-compliance with securities laws in connection with share purchase.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.