IFIC Bank PLC announcements
367 Dhaka Stock Exchange announcements for IFIC Bank PLC (IFIC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (27).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.48 for July-September, 2017 as against Tk. 0.43 for July-September, 2016; Consolidated EPS was Tk. 1.43 for January-September, 2017 as against Tk. 1.34 for January-September, 2016. Consolidated NOCFPS was Tk. 2.59 for January-September, 2017 as against Tk. 4.44 for January-September, 2016. Consolidated NAV per share was Tk. 17.61 as on September 30, 2017 and Tk. 11.31 as on September 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 October 30, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.92 for April-June, 2017 as against Tk. 0.93 for April-June, 2016; Consolidated EPS was Tk. 1.48 for January-June, 2017 as against Tk. 1.44 for January-June, 2016. Consolidated NOCFPS was Tk. 7.70 for January-June, 2017 as against Tk. 5.64 for January-June, 2016. Consolidated NAV per share was Tk. 26.33 as of June 30, 2017 and Tk. 26.08 as of June 30, 2016.
- 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 27, 2017. The sale proceeds of fraction bonus shares will be distributed within stipulated time.
- 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 26, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Branches remain open for Rights subscription
The Company has informed that following branches of the Company will remain open for Rights subscription from 23 to 25 June, 2017 with transaction time: 9:30 AM to 12:30 PM: Agrabad, Chittagong (open on 23-25 June, 2017). Tongi, Gulshan, Ashulia and Principal Branch, Gazipur, Savar, Khatunganj, CTG, Narayanganj and Uttara Branch (open on 23-24 June, 2017) and Sylhet main branch, Ambar Khana, Moulvi Bazar (dist.), Hobigonj branch, Sylhet Uposhohor branch and Cox's bazaar branch (open on 24th June, 2017).
- Address Change of Share Department
The Company has informed that the Share Department of the Company has been shifted to MCCI Building (Mezzanine Floor), 122-124, Motijheel C/A, Dhaka-1000 to the new address at BDBL Bhaban (10th Floor), 8, Rajuk Avenue, Dhaka-1000.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "AA2" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.56 for January-March, 2017 as against Tk. 0.52 for January-March, 2016. Consolidated NOCFPS was Tk. (6.22) for January-March, 2017 as against Tk. 6.70 for January-March, 2016. Consolidated NAV per share was Tk. 25.37 as of March 31, 2017 and Tk. 25.07 as of March 31, 2016.
- Open adjusted price of the Company
This is for information of all concerned that the 12% stock dividend declared by the Company on April 09, 2017 is applicable to shares outstanding on Record Date (i.e. May 03, 2017) only. Therefore, Open Adjusted Price has been automatically calculated considering additional number of shares.
- 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 09, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
- Resumption after Record Date
Trading of the shares of the Company will resume on 04.05.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 03.05.2017.
- 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 30.04.2017 to 02.05.2017. Trading of the shares of the Company will remain suspended on record date i.e., 03.05.2017.
- Resumption after record date
Trading of the shares of the Company will resume on 18.04.2017 after record date.
- Suspension on Record Date for Rights entitlement
Trading of the shares of the Company will remain suspended on record date i.e., 17.04.2017 for entitlement of Rights share.
- New Record date for entitlement of Rights issue and Spot Cycle
The Company has informed that IFIC Bank Limited and The Managing Director & CEO of IFIC bank Limited, both filed a Civil Miscellaneous Petition No. 718 of 2017 before the Hon'ble Appellate Division of the Supreme Court of Bangladesh Challenging the order of stay dated 11.04.2017 passed by the Hon'ble High Court Division in Writ Petition No. 5219 of 2017. The said Civil Miscellaneous Petition No. 718 of 2017 was moved on 12.04.2017 and the Hon'ble Judge-in-Chamber of the (cont. 1) (Continuation news of IFIC): and Subscription Closing Date i.e. Thursday, 29 June 2017 will remain unchanged. As a result of this, 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 today i.e. 13.04.2017 to 16.04.2017. Trading of the shares of the Company will remain suspended on record date i.e., 17.04.2017. (end) (Continuation news of IFIC): Hon'ble Judge-in-Chamber of the Hon'ble Appellate Division of the Supreme Court of Bangladesh, the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by the Bangladesh Securities and Exchange Commission is now in full force and operation. Further, the new Record Date for Rights Share entitlement shall be on Monday, 17 April 2017. The Subscription Opening Date i.e. Wednesday, 31 May 2017 (cont. 3) (Continuation news of IFIC): Hon'ble Appellate Division vide order dated 12.04.2017 was pleased to stay operation of the order dated 11.04.2017 passed by the Hon'ble High Court Division in Writ Petition No. 5219 of 2017 so far it relates to staying operation of the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by Bangladesh Securities and Exchange Commission. In view of the order of stay granted by the (cont. 2)
- Continuation of trading due to Rule Nisi of Honorable High Court Division
As the Honorable High Court Division of the Honorable Supreme Court of Bangladesh has issued a Rule Nisi and Stay the operation regarding approval for issuance of Rights share of the Company, the trading of the shares of the Company will not remain suspended today i.e., 12.04.2017 (declared earlier as record date) for entitlement of Rights share. So, the trading of the shares of the Company will continue today i.e., 12.04.2017.
- New Record date for entitlement of Rights issue and Spot Cycle
The Company has informed that IFIC Bank Limited and The Managing Director & CEO of IFIC bank Limited, both filed a Civil Miscellaneous Petition No. 718 of 2017 before the Hon’ble Appellate Division of the Supreme Court of Bangladesh Challenging the order of stay dated 11.04.2017 passed by the Hon’ble High Court Division in Writ Petition No. 5219 of 2017. The said Civil Miscellaneous Petition No. 718 of 2017 was moved on 12.04.2017 and the Hon’ble Judge-in-Chamber of the (cont. 1) (Continuation news of IFIC): Hon’ble Judge-in-Chamber of the Hon’ble Appellate Division of the Supreme Court of Bangladesh, the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by the Bangladesh Securities and Exchange Commission is now in full force and operation. Further, the new Record Date for Rights Share entitlement shall be on Monday, 17 April 2017. The Subscription Opening Date i.e. Wednesday, 31 May 2017 (cont. 3) (Continuation news of IFIC): Hon’ble Appellate Division vide order dated 12.04.2017 was pleased to stay operation of the order dated 11.04.2017 passed by the Hon’ble High Court Division in Writ Petition No. 5219 of 2017 so far it relates to staying operation of the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by Bangladesh Securities and Exchange Commission. In view of the order of stay granted by the (cont. 2) (Continuation news of IFIC): and Subscription Closing Date i.e. Thursday, 29 June 2017 will remain unchanged. As a result of this, 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 13.04.2017 to 16.04.2017. Trading of the shares of the Company will remain suspended on record date i.e., 17.04.2017. (end)
- Suspension on Record Date for Rights entitlement
Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2017 for entitlement of Rights share.
- Rule Nisi and Stay the operation on consent regarding Rights Issuance
The Honorable High Court Division of the Honorable Supreme Court of Bangladesh has issued a Rule Nisi and Stay the operation of the impugned letter of BSEC vide memo no. BSEC/CI/RI-110/2016/133 dated March 15, 2017 for a period of 3 (three) months which was regarding approval for issuance of Rights share of the Company.
- Dividend Declaration
The Board of Directors has recommended 12% stock dividend for the year ended on December 31, 2016. Date of AGM: 03.07.2017, Time: 11:00 AM, Venue: Officers Club, 26, Baily Road, Ramna, Dhaka-1000. Record Date: 03.05.2017. The Company has also reported Consolidated EPS of Tk. 2.81, Consolidated NAV per share of Tk. 24.69 and Consolidated NOCFPS of Tk. 1.23 for the year ended on December 31, 2016 as against Tk. 1.87, Tk. 24.57 and Tk. (3.13) 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 (09.04.2017) following its corporate declaration.
- Spot News for 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 10.04.2017 to 11.04.2017. Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2017.
- 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 06, 2017 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Subscription period and Record date for Rights Issuance
The Company has further informed that the subscription period for rights issuance will be from 31.05.2017 to 29.06.2017. Record date for entitlement of rights share: 12.04.2017.
- Approval from BSEC of Rights Issuance
The Company has further informed that the BSEC has accorded approval for issuance of Rights share to IFIC Bank Limited for raising paid up capital through issuance of 56,38,21,907 shares of Tk. 10.00 each at an issue price of Tk. 10.00 each (at par) totaling Tk. 563,82,19,070.00 only with a ratio of 1R:1 (1 Rights share for every existing 1 share to be held in the record date). The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 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 purpose of issuance the Rights share is to meet the capital adequacy for regulatory requirement and to strengthen the capital base of the Company as per Basel-III.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.