LankaBangla Finance PLC. announcements
483 Dhaka Stock Exchange announcements for LankaBangla Finance PLC. (LANKABAFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (31).
- Audited Financials for 10 months period ended on October 31, 2016
The Company has informed that the Board of Directors of the Company has approved the audited Financial Statements of the Company for the period ended October 31, 2016, which will be incorporated in the Right Offer Documents (ROD) in compliance with the Securities and Exchange Commission (Right Issue) Rules, 2006. The audited consolidated net profit after provision & income tax for the period ended October 31, 2016 (from January 01, 2016 to October 31, 2016) stood at Taka 534.95 million which was Taka 139.34 million during the same period of 2015. The consolidated Earnings per Share (EPS) for the period ended October 31, 2016 (from January 01, 2016 to October 31, 2016) stood at Taka 1.93 (per share of Taka 10.00) which was Taka 0.54 (restated) during the same period of 2015.
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2016 after record date for EGM
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- 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 15.11.2016 to 16.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016.
- Confirmation of Sale by a Sponsor
Shanta Apparel Ltd., one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 45,12,341 shares of the Company at prevailing market price through Stock Exchange as announced earlier. Ms. Jasmin Sultana, one of the Sponsors of the Company, has further reported that she has completed her sale of 28,25,238 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale by a Corporate Sponsor
Shanta Apparel Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell 45,12,341 shares out of its total holding of 48,12,341 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange within October 31, 2016.
- Issuance of Rights share & 2nd Non-Convertible Zero Coupon Bond
<table width="100%" cellspacing="3" border="0"> <tbody> <tr> <td></td> <td align="justify">The Board of Directors has recommended issuance of Rights shares at the rate of 2:1 (i.e. one Rights share for every two shares) at an issue price of Tk. 10.00 per share subject to approval of shareholders and Regulatory Authorities. Date of EGM: 14.12.2016, Time: 11:00 AM, Venue: Will be notified later on. Record Date for EGM: 17.11.2016. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.The Board has also approved issuance of 2nd Non-Convertible Zero Coupon Bond of Tk. 500.00 crore to fetch long term lending and diversification of existing funding sources of the company, subject to the approval of the Regulatory Authorities.</td> </tr> </tbody> </table>
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.10.2016) following its corporate declaration.
- Q3 Financials
Consolidated EPS was Tk. 0.19 for July-September, 2016 as against Tk. 0.33 for July-September, 2015; Consolidated EPS was Tk. 1.21 for January-September, 2016 as against Tk. 0.43 for January-September, 2015. Consolidated NOCFPS was Tk. 1.33 for January-September, 2016 as against Tk. 4.92 for January-September, 2015. Consolidated NAV per share was Tk. 22.51 as of September 30, 2016 and Tk. 22.63 as of December 31, 2015.
- Declaration of sale by a Sponsor
Ms. Jasmin Sultana, one of the Sponsors of the Company, has expressed her intention to sell 28,25,238 shares out of her total holding of 31,25,238 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within October 31, 2016.
- 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 25, 2016 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, 2016.
- Consent accorded for issuance of commercial paper and venue of EGM
With reference to their earlier news (disseminated by DSE on 27.07.2016), the Company has further informed that Bangladesh Bank has accorded consent favoring LankaBangla Finance Limited to issue commercial paper of Tk. 150.00 crore to meet its ongoing financial requirements, subject to the compliance of the relevant laws and regulatory requirements.The EGM of the company will be held on October 24, 2016 at 10:00 AM at Hotel Sarina, 27 Banani C/A, Road No. 17, Dhaka-1213 to change the relevant clauses of the Memorandum and Articles of Association of the Company in order to increase the Authorized share capital of the company to Tk. 1,000.00 crore from Tk. 300.00 crore.
- Resumption after record date
Trading of the shares of the Company will resume on 24.08.2016 after record date for EGM.
- Suspension news for record date
Trading of the shares of the Company will remain suspended on record date i.e., 23.08.2016 for EGM.
- Spot for EGM
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 21.08.2016 to 22.08.2016. Trading of the shares of the Company will remain suspended on record date i.e., 23.08.2016 for EGM.
- Credit Rating
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the Company as "AA3" 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, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- EGM for increasing Authorized Capital & issuance of Commercial Paper
he Company has informed that the Board of Directors of the Company has decided to hold an EGM to increase the Authorized Share Capital of the Company to Tk. 1,000.00 crore from Tk. 300.00 crore subject to approval of the shareholders and Regulatory Authorities. Date of EGM: 24.10.2016, Time: 10:00 AM, Venue: will be notified later. Record date for EGM: 23.08.2016. The Board has also approved the issuance of commercial paper of Tk. 150.00 crore to meet the ongoing financial requirements of the Company, subject to approval of the Regulatory Authorities.
- Q2 Financials
Consolidated EPS was Tk. 0.69 for April-June, 2016 as against Tk. 1.24 for April-June, 2015; Consolidated EPS was Tk. 1.02 for January-June, 2016 as against Tk. 0.09 for January-June, 2015. Consolidated NOCFPS was Tk. (4.52) for January-June, 2016 as against Tk. (2.77) for January-June, 2015. Consolidated NAV per share was Tk. 22.32 as of June 30, 2016 and Tk. 22.63 as of June 30, 2015.
- Completion of sale by a Corporate Sponsor/ Director
ONE Bank Limited, one of the Corporate Sponsors/Directors of the Company, has further reported that it has completed its sale of 29,83,873 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- 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, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2016.
- Declaration of sale by a Corporate Sponsor/ Director
ONE Bank Limited, one of the Corporate Sponsors/Directors of the Company, has expressed its intention to sell 29,83,873 shares out of its total holding of 1,34,41,890 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange within next 30 working days.
- Q1 Financials
Consolidated EPS was Tk. 0.33 for January-March, 2016 as against Tk. (1.15) for January-March, 2015. Consolidated NOCFPS was Tk. (2.66) for January-March, 2016 as against Tk. (5.71) for January-March, 2015. Consolidated NAV per share was Tk. 21.65 as of March 31, 2016 and Tk. 22.63 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 May 12, 2016 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, 2016.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 15.03.2016 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 14.03.2016.
- 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 10.03.2016 to 13.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 14.03.2016.
- Dividend Declaration
The Board of Directors has recommended 15% cash dividend and 15% stock dividend for the year ended on December 31, 2015. Date of AGM: 30.03.2016, Time: 10:00 AM, Venue: MIDAS Centre (12th Floor), House # 05, Road # 16 (New), 27 (Old), Dhanmondi, Dhaka-1209. Record Date: 14.03.2016. The Company has also reported Consolidated Net Profit after Tax of Tk. 420.93 million, Consolidated EPS of Tk. 1.76, Consolidated NAV per share of Tk. 26.02 and Consolidated NOCFPS of Tk. 12.33 for the year ended on December 31, 2015 as against Tk. 453.99 million, Tk. 1.84 (restated), Tk. 25.33 (restated) and Tk. 5.86 (restated) 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 (23.02.2016) following its corporate declaration.
- Dividend Declaration of a Subsidiary Company
The Company has informed that the Board of Directors of Lanka Bangla Securities Limited has recommended 10% stock dividend. It is to be mentionable here that Lanka Bangla Securities Limited is a 90.91% held subsidiary company of Lanka Bangla Finance Limited.
- 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 22, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Issuance of Zero Coupon Bond for a Subsidiary Company
The Company has informed that BSEC vide its letter number BSEC/CI/DS-35/2015/651 dated December 31, 2015 has approved the issuance of Non - Convertible Zero Coupon Bond of Tk. 200.00 Crore only in favor of Lanka Bangla Securities Limited; a 90.91% owned Subsidiary Company of Lanka Bangla Finance Limited, to meet its ongoing financial requirements. The Bonds will be issued through private placement to other than existing shareholders of Lanka Bangla Securities Limited.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.