IDLC Finance PLC. announcements
363 Dhaka Stock Exchange announcements for IDLC Finance PLC. (IDLC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (16).
- Q3
Consolidated EPS was Tk. 1.33 for July-September, 2015 as against Tk. 1.70 for July-September, 2014; Consolidated EPS was Tk. 4.58 for January-September, 2015 as against Tk. 2.92 for January-September, 2014. Consolidated NOCFPS was Tk. 19.02 for January-September, 2015 as against Tk. (3.04) for January-September, 2014. Consolidated NAV per share was Tk. 29.75 as of September 30, 2015 and Tk. 25.97 as of December 31, 2014.
- Consent of BSEC to issue Infrastructure & SME Zero Coupon Bond
BSEC has given consent to IDLC Finance Limited for issuance of IDLC Infrastructure & SME Zero Coupon Bond amounting to Tk. 5,000.00 million only through private placement. The consent has been accorded subject to compliance with the relevant laws and regulatory requirements and also adherence to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
- Half Yearly Financials
Consolidated EPS for Jan-June, 2015 was Tk. 3.25 as against Tk. 1.22 for Jan-June, 2014. Consolidated EPS for April-June, 2015 was Tk. 2.67 as against Tk. 1.40 for April-June, 2014. Consolidated NOCFPS was Tk. 12.31 for Jan-June, 2015 as against Tk. (1.76) for Jan-June, 2014. Consolidated NAV per share was Tk. 28.42 as of June 30, 2015 and Tk. 25.97 as of December 31, 2014.
- Confirmation of sale by a Corporate Sponsor
The City Bank Limited, one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 20,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Setting up an Asset Management Company
With reference to their earlier news (disseminated by DSE on 30.10.2013) regarding setting up of a wholly-owned subsidiary Company of IDLC Finance Limited for establishing an Asset Management Company (AMC), subject to the approval of BSEC, the Company has further informed that recently Bangladesh Bank issued a No Objection Certificate (NOC) to the Company for the establishment of the AMC.The Company has further informed that they have revised the paid up capital of the proposed AMC from Tk. 6.00 crore to Tk. 15.00 crore. Other information will remain same.
- Declaration of sale by a Corporate Sponsor
The City Bank Limited, one of the Corporate Sponsors of the Company, has expressed its intention to sell 20,00,000 shares out of its total holding of 6,28,53,549 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Q1 Financials
Consolidated Net Profit after tax from Jan15 to March15 was Tk. 147.17 million with consolidated EPS of Tk. 0.59 as against Tk. (44.94) million and Tk. (0.18) respectively for the same period of the previous year.
- Credit Rating changed
Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of the Company as AAA in the long term and ECRL-1 in the short term along with a stable outlook to the Company based on audited financial statements of the Company up to December 31, 2014 and other relevant quantitative and qualitative information up to the date of rating.
- Issuance of Bonds
The Company has informed that the shareholders of the Company in its 30th AGM dated March 30, 2015, has decided to issue Bonds (Zero Coupon/ Fixed/ Floating Rate Coupon) to the extent of Tk. 500 Crore, in different phases, for the tenure ranging from 3 to 7 years, through private placement, to meet its ongoing financing requirements subject to the approval of the regulatory authorities.
- credited the bonus shares
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts on April 12, 2015. The Company has further informed that shareholders under Folio Number, who will submit details of their BO Account against Folio Number, will be credited to their respective BO Account soon. The sale proceeds of the fraction shares will be remitted to the shareholders respective bank account.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 10.03.2015 after record date.
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 09.03.2015. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend and 25% stock dividend for the year ended on December 31, 2014. The Board has also recommended to issue Rights shares 1R:2 (i.e. 1 Rights share for every 2 Ordinary shares held) at an issue price of Tk. 20.00 each (including a premium of Tk. 10.00 per share) subject to the approval by the shareholders and regulatory authorities. Date of AGM: 30.03.2015, Time: 10:00 AM. Venue: Utshab, Radisson BLU Dhaka Water Garden Hotel, Airport Road, Dhaka Cantonment, Dhaka 1206. Record Date: 09.03.2015. The Company has also reported consolidated net profit of Tk. 1,245.51 million, consolidated EPS of Tk. 6.19, consolidated NAV per share of Tk. 32.46 and consolidated NOCFPS of Tk. (2.11) for the year ended on December 31, 2014 as against Tk. 669.47 million, Tk. 3.33, Tk. 26.67 and Tk 9.70 respectively for the year ended on December 31, 2013. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.02.2015) 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 February 25, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- DSE query
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.