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 2017 (33).
- Resumption after record date
Trading of the shares of the Company will resume on 27.11.2017 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., 26.11.2017 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 22.11.2017 to 23.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 26.11.2017.
- Subscription period and Record date for Rights Issuance
The Company has further informed that the subscription period for rights issue will be from 17.12.2017 (during the banking hour) to 14.01.2018 (at the end of the banking hour). Record date for entitlement of rights share: 26.11.2017.
- Approval from BSEC to issue Rights Share
The Company has informed that BSEC has accorded approval for raising paid up capital through issuance of 159,125,470 Ordinary shares of Tk. 10.00 each at an issue price of Tk. 10.00 per share totaling Tk. 1,591,254,700.00 at a ratio of 1R:2, i.e. One Rights Share for two existing shares. (cont.) (Continuation news of LANKABAFIN): The objective for issuance of Rights Share is to comply capital adequacy requirement as per guidelines of Bangladesh Bank. The proceeds to be received from the Rights Share will be invested to increase the lending portfolio of the Company. The record date and subscription period will be notified in due course. (end)
- BSEC accorded approval for issuance of Right Shares
BSEC has accorded approval for raising paid up capital through issuance of 159,125,470 Ordinary shares of Tk. 10.00 each at an issue price of Tk. 10.00 per share totaling Tk. 1,591,254,700.00 at a ratio of 1R:2, i.e. One Rights Share for two existing shares subject to the condition that the Company shall comply with the Rights Issue Rules, 2006 and other relevant laws and regulatory requirements.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 1.31 for July-September, 2017 as against Tk. 0.16 for July-September, 2016; Consolidated EPS was Tk. 3.31 for January-September, 2017 as against Tk. 1.05 for January-September, 2016. Consolidated NOCFPS was Tk. (6.15) for January-September, 2017 as against Tk. 1.15 for January-September, 2016. Consolidated NAV per share was Tk. 23.01 as of September 30, 2017 and Tk. 21.01 as of December 31, 2016.
- Issuance of 2nd Zero Coupon Bond by the Subsidiary Company
The Company has informed that the Board of Directors of LankaBangla Securities Limited has approved the issuance of 2nd Zero Coupon Bond of Tk. 150.00 crore subject to the approval of the Regulatory Authorities. It is to mention that LankaBangla Securities Limited is a 90.91% owned subsidiary Company of LankaBangla Finance Limited.
- 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 23, 2017 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, 2017.
- Submitting the review petition to BSEC for Rights Share Offer
The Board of Directors of the Company has decided to submit the review petition to Bangladesh Securities & Exchange Commission for Rights Share Offer of 159,125,470 Ordinary Shares of Tk. 10.00 each at the ratio if 1R:2 (i.e. one rights share against two existing shares held).
- BSEC approval for issuance of Zero Coupon Bond
The Company has informed that Bangladesh Securities and Exchange Commission vide its letter dated August 10, 2017 has approved the issuance of Zero Coupon Bond by Lanka Bangla Finance Limited with an amount of Tk. 500.00 crore only at the rate of 7.50% p.a. to meet its ongoing business requirements, subject to the compliance with the relevant laws and Regulatory requirements.
- Non-approval of the application for issuance of Rights share
The Company has informed that Bangladesh Securities and Exchange Commission vide its letter dated August 01, 2017 has informed the Company that the Commission is not in a position to consider the application for issuance of rights share of LankaBangla Finance Limited due to non-compliance of the BSEC Notification No. SEC/CMRRCD/2009-193/119/Admin/34 dated November 22, 2011.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.06 for April-June, 2017 as against Tk. 0.60 for April-June, 2016; Consolidated EPS was Tk. 2.00 for January-June, 2017 as against Tk. 0.89 for January-June, 2016. Consolidated NOCFPS was Tk. 1.67 for January-June, 2017 as against Tk. (3.93) for January-June, 2016. Consolidated NAV per share was Tk. 21.71 as of June 30, 2017 and Tk. 21.01 as of December 31, 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 July 26, 2017 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, 2017.
- Credit Rating Result
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, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Appointment of Managing Director
The Company has informed that Mr. Khwaja Sahriar has joined as the Managing Director of the Company with effect from May 21, 2017.
- Resumption after Record Date
Trading of the shares of the Company will resume on 24.05.2017 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.05.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Spot News 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 21.05.2017 to 22.05.2017. Trading of the shares of the Company will remain suspended on record date i.e., 23.05.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.94 for January-March, 2017 as against Tk. 0.29 for January-March, 2016. Consolidated NOCFPS was Tk. (6.85) for January-March, 2017 as against Tk. (2.32) for January-March, 2016. Consolidated NAV per share was Tk. 20.65 as of March 31, 2017 and Tk. 21.01 as of March 31, 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 May 14, 2017 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, 2017.
- Revision of the existing size of the rights offering
With reference to their earlier news disseminated by DSE one 26.10.2016, the Company has further informed that the Board of Directors has revised their earlier decision regarding Issuance of Rights share offer. The previous offer was for 138,369,975 ordinary shares of Tk. 10.00 each at an issue price of Tk. 10.00 each at the ratio on 1R:2 (one rights share against two existing shares). Now it has been revised for 159,125,470 ordinary shares at the same ratio (cont.) (Continuation news of LANKABAFIN): (This is due to increase in the paid up capital from tk. 2,767,399,490.00 to Tk. 3,182,509,410.00 after approval of 15% Stock Dividend for the year 2016). The Record date will be fixed after approval of rights share offer by BSEC. The date of EGM: 15.06.2017, time 11:00 AM, Venue: will be notified later. Record date for EGM: 23.05.2017. (end)
- Dividend Disbursement
The Company has informed that bonus shares for the year ended on December 31, 2016 have already been credited to the respective BO accounts of the shareholders. Cash dividend and sale proceed of fractional stock dividend will be distributed shortly.
- Sale confirmation of a Sponsor
Mrs. Jasmine Sultana, one of the Sponsors of the Company, has further reported that she has completed her sale of 2,99,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale confirmation of a Corporate Sponsor
Shanta Apparel Ltd., one of the Corporate Sponsors of the Company, has further reported that it has completed sale of its entire holding of 3,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Venue of the AGM
The Company has further informed that 20th AGM of the Company will be held on March 30, 2017 at MIDAS Centre (12th Floor), House- 05, Road- 16 (New), 27 Old Dhanmondi, Dhaka 1209. Other information of the AGM will remain unchanged.
- Sale declaration of a Sponsor
Jasmin Sultana, one of the Sponsors of the Company, has expressed her intention to sell 2,99,000 shares out of her total holding of 3,00,000 shares at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Resumption after record date
Trading of the shares of the Company will resume on 12.03.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 09.03.2017.
- Sale declaration of a Corporate Sponsor
Shanta Apparel Ltd., one of the Corporate Sponsors of the Company, has expressed intention to sell its entire holding of 3,00,000 shares at prevailing market price (in the Block Market) through Stock Exchange within next 30 working days.
- 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 07.03.2017 to 08.03.2017. Trading of the shares of the Company will remain suspended on record date i.e., 09.03.2017.
- 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 13, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Query Response
In response to a DSE query dated January 10, 2017, 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.