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 2016 (24).
- Dispatching Rights Offer Document of the Company
The Company has informed that it has already dispatched BSEC approved IDLC's Rights Share Offer document along with a complete set of applications forms (Form A, B & C) to the addresses of all the shareholders of the Company as per CDBL record on 'record date' (i.e. December 15, 2016) along with the Regulators.The entitled shareholders of the rights offer are requested to deposit their subscription within the subscription period starting from 01.01.2017 and ending on 19.01.2017 (both days inclusive, during banking hours). The said offer documents along with the forms are also available at the website of the company www.idlc.com.
- Resumption after record date
Trading of the shares of the Company will resume on 18.12.2016 after record date.
- Suspension for Record Date for Rights entitlement
Trading of the shares of the Company will remain suspended on record date i.e., 15.12.2016 for Rights entitlement.
- Record date for Rights entitlement
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 the entitlement of Rights shares from 12.12.2016 to 14.12.2016. Trading of the shares of the Company will remain suspended on record date i.e., 15.12.2016.
- Subscription period and Record Date for Rights Issuance
The Company has further informed that the subscription period for rights issue will be from 01.01.2017 to 19.01.2017. Record date for entitlement of rights share: 15.12.2016.
- Approval of BSEC for issuance of Right Shares
The Company has informed that BSEC has accorded approval for Rights issuance for raising of paid up capital through issuance of 125,683,593 Ordinary shares of Tk. 10.00 each issuing at Tk. 20.00 each including a premium of Tk. 10.00 per share amounting to Tk. 2,513,671,860.00 at a ratio of 1R:2 (i.e. one rights share against two existing shares held on the record date). The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Rules and other relevant laws and regulatory requirements, and shall also adhere to the conditions imposed under Section-2CC of the Securities and Exchange Ordinance, 1969. The Record date for entitlement of Rights offer along with the subscription open and closing dates will be notified within three working days as per the Securities and Exchange Commission (Rights Issue) Rules, 2006.The purpose of the rights issuance is to strengthen the capital base of the company and subsequently maintaining a healthy Capital Adequacy Ratio (CAR) as per the "Prudential Guidelines on Capital Adequacy and Market Discipline (CAMD) for Financial Institutions" under Basel accord. The proceeds to be received from Rights issue will be invested to increase the lending portfolio of the company as well as to maintain its smooth growth.
- Q3 Financials
Consolidated EPS was Tk.1.83 for July-September, 2016 as against Tk. 1.33 for July-September, 2015; Consolidated EPS was Tk. 5.34 for January-September, 2016 as against Tk. 4.58 for January-September, 2015. Consolidated NOCFPS was Tk. (11.59) for January-September, 2016 as against Tk. 19.02 for January-September, 2015. Consolidated NAV per share was Tk. 33.82 as of September 30, 2016 and Tk. 30.97 as of December 31, 2015.
- Board Meeting
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 17, 2016 at 4:00 PM to consider, among others, unaudited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2016.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 2.08 for April-June, 2016 as against Tk. 2.67 for April-June, 2015; Consolidated EPS was Tk. 3.51 for January-June, 2016 as against Tk. 3.25 for January-June, 2015. Consolidated NOCFPS was Tk. (8.75) for January-June, 2016 as against Tk. 12.31 for January-June, 2015. Consolidated NAV per share was Tk. 31.98 as of June 30, 2016 and Tk. 30.97 as of December 31, 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 July 28, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2016.
- 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 35,716,831 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- 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 35,716,831 shares out of its total holding of 60,853,549 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange within next 30 working days.
- License received to act as an Asset Management Company
With reference to their earlier news (disseminated by DSE on 09.07.2015) regarding formation of IDLC Asset Management Limited, the company has further informed that BSEC vide their letter dated June 07, 2016 granted license to IDLC Asset Management Limited to act as an Asset Management Company. IDLC Asset Management Limited is a wholly owned subsidiary of IDLC Finance Limited.With reference to their earlier news (disseminated by DSE on 09.07.2015) regarding formation of IDLC Asset Management Limited, the company has further informed that BSEC vide their letter dated June 07, 2016 granted license to IDLC Asset Management Limited to act as an Asset Management Company. IDLC Asset Management Limited is a wholly owned subsidiary of IDLC Finance Limited.
- Credit Rating
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 of the Company based on audited financial statements of the company up to December 31, 2015 and other relevant quantitative and qualitative information up to the date of rating.
- Dividend Disbursement
The Company has informed that it has remitted cash dividend to the respective shareholders' Bank Accounts for the year ended on December 31, 2015.
- Q1 Financials
Consolidated EPS for January-March, 2016 was Tk. 1.43 as against Tk. 0.59 for January-March, 2015; Consolidated NOCFPS was Tk. (12.06) for January-March, 2016 as against Tk. 3.83 for January-March, 2015. Consolidated NAV per share was Tk. 29.91 as of March 31, 2016 and Tk. 30.97 as of December 31, 2015.
- Board Meeting (Q3)
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 27, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 14.03.2016 after record date.
- Suspension for Record
Trading of the shares of the Company will remain suspended on record date i.e., 13.03.2016.
- Spot for AGM
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 09.03.2016 to 10.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 13.03.2016.
- Appointment of CEO & Managing Director
The Company has informed that Mr. Arif Khan has been appointed as the CEO & Managing Director of the Company with effect from March 01, 2016.
- Dividend Declaration and Increase of Authorized Capital
The Board of Directors has recommended 25% cash dividend for the year ended on December 31, 2015. The Board has also decided to enhance its Authorized Capital to Tk. 1,000.00 crore from existing Tk. 400.00 crore by changing relevant clauses of the Memorandum and Articles of Association of the Company, subject to the approval of the Regulatory Authorities and the Shareholders in the AGM. Date of AGM: 30.03.2016, Time: 10:00 AM Venue: Utshab, Radisson BLU Dhaka Water Garden Hotel, Airport Road, Dhaka Cantonment, Dhaka-1206. Record Date: 13.03.2016. The Company has also reported Consolidated Net Profit of Tk. 1,459.22 million, consolidated EPS of Tk. 5.81, Consolidated NAV per share of Tk. 30.97 and Consolidated NOCFPS of Tk. 20.61 for the year ended on December 31, 2015 as against Tk. 1,245.51 million, Tk. 4.95, Tk. 25.97 and Tk. (1.69) respectively for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (22.02.2016) following its corporate declaration.
- Board Meeting
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 February 18, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.