Fareast Islami Life Insurance Company Limited announcements
417 Dhaka Stock Exchange announcements for Fareast Islami Life Insurance Company Limited (FAREASTLIF) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (25).
- Land Purchase
The Company has informed that the Board of Directors has decided to purchase a land measuring area of 381.66 decimals at Ghoran Chatbari, Shah Ali Thana, Dhaka with total value of Tk. 7,24,50,375.00 only (excluding registration fee and other charges), subject to permission of the concerned authority along with observing other formalities.
- Completion of Transfer by a Sponsor
Saadia T. Rahman Kamal, one of the Sponsors of the Company, has further reported that she has completed transfer of her entire holding of 3,59,892 shares of the Company to her Brother Mir Mahfuzur Rahman by way of gift outside the trading system of the Exchange as announced earlier.
- Q3
Increase in life revenue account for July-September, 2015 was Tk. 323.27 million as against increase of Tk. 640.30 million for July-September, 2014. Whereas increase in life insurance fund for Jan- September, 2015 was Tk. 572.76 million with total life insurance fund of Tk. 29,435.82 million as against increase of Tk. 1,555.10 million and Tk. 26,803.13 million respectively for Jan- September, 2014.
- Declaration of Transfer
Saadia T. Rahman Kamal, one of the Sponsors of the Company, has expressed intention to transfer her entire holding of 3,59,892 shares of the Company to her Brother Mir Mahfuzur Rahman by way of gift outside the trading system of the Exchange within October 29, 2015.
- 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, 2015 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Confirmation of sale by a Sponsor
Jahurul Islam Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his sale of 50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy confirmation of a Shareholder Director
M.A. Khaleque, one of the Directors (Shareholder Director) of the Company, has further reported that he has completed his buy of 25,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy Declaration
M.A. Khaleque, one of the Directors (Shareholder Director) of the Company, has expressed his intention to buy 25,000 shares of the Company at prevailing market price through Stock Exchange within October 29, 2015.
- Declaration of sale by Sponsors in the Block Market
Jahurul Islam Chowdhury, Sajjadul Islam Tanvir and M. Tajul Islam, all are Sponsors of the Company, have expressed their intention to sell 50,000 shares, 5,000 shares and 15,000 shares out of their total holding of 2,23,734 shares, 55,000 shares and 1,65,000 shares respectively of the Company at prevailing market price (In the Block Market) through Stock Exchange within October 29, 2015.
- Dividend Disbursement
The Company has informed that the Cash dividend and Fractional share dividend for the year 2014 has been transferred to the respective shareholders' Bank Accounts through BEFTN System. The shareholders who could not receive dividend through BEFTN due to their Bank Account discrepancy, their printed Dividend Warrants can be collected personally or by authorized representative from share department, Fareast Tower (Leve-18), 35 Topkhana Road, Dhaka from September 16, 2015 to September 21, 2015 working days between 10:00 AM and 4:00 PM.
- Q2 Financials
Increase in life revenue account for April-June, 2015 was Tk. 147.66 million as against increase of Tk. 675.83 million for April-June, 2014. Whereas increase in life insurance fund for Jan- June, 2015 was Tk. 249.49 million with total life insurance fund of Tk. 29,112.55 million as against increase of Tk. 914.80 million and Tk. 26,162.83 million respectively for Jan-June, 2014.
- Q1 Financials
Increase in life revenue account for Jan- March, 2015 was Tk. 101.83 million with total life insurance fund of Tk. 28,964.89 million as against increase of Tk. 238.97 million and Tk. 25,486.99 million respectively for Jan-June, 2014.
- Confirmation of sale by Sponsors
M. Tajul Islam and Shahriar Khaled, both are Sponsors of the Company, have further reported that they have completed their sale of 60,628 shares and 20,000 shares respectively at prevailing market price through Stock Exchange as announced earlier.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 26.07.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.07.2015.
- 12 digits e-TIN Number
The Company has requested the shareholders to update their Bank Account, Address, Mobile Number, 12 digits e-TIN number through their respective DP before the record date i.e. July 23, 2015. If anyone fails to update their e-TIN information before the record date, Income Tax at source will be deducted from payables dividend @ 15% instead of 10% as per amended IT Ordinance 1984, section 54.
- 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 21.07.2015 to 22.07.2015. Trading of the shares of the Company will remain suspended on record date i.e., 23.07.2015.
- Declaration of Sale
Shahriar Khaled, one of the Sponsors of the Company, has expressed his intention to sell 20,000 shares out of his total holding of 14,83,174 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- Declaration of sale
M. Tajul Islam, one of the Sponsors of the Company, has expressed his intention to sell 60,628 shares out of his total holding of 2,10,628 shares at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- Dividend Declaration
The Board of Directors has recommended 35% cash dividend and 10% stock dividend for the year ended on December 31, 2014. Date of AGM: 16.08.2015, Time: 10:30 AM, Venue: Fareast Tower (Level-7), 35 Topkhana Road, Dhaka-1000. Record Date: 23.07.2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (05.07.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on July 04, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase two Lands as follows: i) 32 decimals at a cost of Tk. 1,958.69 million (excluding registration fee and other charges) at 72, Kakrail, Dhaka-1000 and ii) 28.20 decimals at a cost of Tk. 172.02 million (excluding registration fee and other charges) at 177/156 Barisal City Corporation, Ward-19, JL-50, Bogra Alekanda, Barisal Sadar.
- Address Change
The Company has informed that the Registered Office of the Company has been shifted to its own building named Fareast Tower (Level-18), 35 Topkhana Road, Dhaka-1000 with effect from 22 March, 2015.
- Fixed Asset Acquisition
The Company has informed that the Board of Directors of the Company has decided to purchase two Floor Spaces as follows: i) 5,600 sqft. at a cost of Tk. 23.66 million (including registration cost) at Nodi Bangla Somobay Tower (3rd Floor), Maijdee, Noakhali and ii) 7,500 sqft. at a cost of Tk. 26.20 million (including registration cost) at Nodi Bangla Rashid Chowdhury Complex (3rd Floor), Laxmipur Sadar, Laxmipur.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.