Legacy Footwear PLC announcements
383 Dhaka Stock Exchange announcements for Legacy Footwear PLC (LEGACYFOOT) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (35).
- Emphasis of Matter
Emphasis of Matter: The auditor of the company has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on 30 June 2018. Emphasis of Matter: Without qualifying our opinion, we draw attention to Note 2.30 of the financial statements which describes that all transactions for the company made in the year were done by cash. Management, however, was able to provide (cont.) (Continuation news of LEGACYFOOT): appropriate and sufficient audit evidence for us to execute our audit and this issue did not have any impact on the audit opinion. As a result, our opinion is not qualified in respect to this matter. Note-(2.30) Limitation in operation: The company does not have a congenial working relationship with the Bank and consequently no direct export or LC operation can be done. As a result, all transactions of company is made by cash. (end)
- Reschedule of AGM
The Company has further informed that due to unavoidable circumstances, their 21st AGM scheduled to be held on November 17, 2018, has been postponed. It will be held on December 15, 2018 at 12:30 PM in the Factory Premises at Vannara, Mouchak, Gazipur.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.81 for July-September 2018 as against Tk. 0.11 for July-September 2017; NOCFPS was Tk. (0.37) for July-September 2018 as against Tk. 0.02 for July-September 2017. NAV per share was Tk. 19.38 as on September 30, 2018 and Tk. 17.57 as on June 30, 2018.
- 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 November 10, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after Record Date
Trading of the shares of the Company will resume on 18.10.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 17.10.2018.
- 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 15.10.2018 to 16.10.2018. Trading of the shares of the Company will remain suspended on record date i.e., 17.10.2018.
- Placing the shares in compulsory Spot Market as per BSEC Order
BSEC vide its Order No. BSEC/Surveillance/2018-912/41 dated October 02, 2018 has directed the Dhaka Stock Exchange Limited to withdraw the suspension and to place the shares of Legacy Footwear Ltd. under compulsory Spot for trading and there shall be no financial adjustment facilities in transactions of shares of the Company with effect from October 03, 2018 until further instruction of the BSEC.
- Price Limit Open for Corporate Declaration
Referring to their earlier news disseminated on 26.09.2018 regarding Dividend Declaration of the Company for the year ended on June 30, 2018, it is to be further informed that there will be no price limit on the trading of the shares of the Company today i.e. 03.10.2018 following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 5% cash and 15% stock Dividend for the year ended on June 30, 2018. Date of AGM: 17.11.2018, Time: 12:30 PM, Venue: Factory Premises at Vannara, Mouchak, Gazipur. Record Date: 17.10.2018. The Company has also reported EPS of Tk. 2.01, NAV per share of Tk. 18.98 and NOCFPS of Tk. 2.39 for the year ended on June 30, 2018 as against Tk. 1.11, Tk. 18.51 and Tk. 4.11 respectively for the same period of the previous year. (cont.) (Continuation news of LEGACYFOOT): As the trading of the shares is suspended as per order of BSEC, price limit open is not applicable today (26.09.2018) following its corporate declaration. (End)
- Extension of Additional 15 days suspension period
BSEC, vide its Order No. BSEC/Surveillance/2018-912/39 dated 16.09.2018, has further extended the suspension period of the trading of shares of Legacy Footwear Limited for further 15 days with effect from September 18, 2018.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under LR 19(1) schedule to be held on September 17, 2018 at 4:00 PM has been postponed. The meeting will now be held on September 25, 2018 at 4:00 PM. to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- 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 September 17, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Enquiry Committee Formation for investigation as per BSEC Order
BSECNEWS: BSEC vide its Order No. BSEC/Surveillance/2018-911/30 dated August 16, 2018 has formed an enquiry committee to investigate into recent unusual movement of price and volume of shares of Legacy Footwear Limited.
- Suspension of share as per BSEC Order
BSEC vide its Order No. BSEC/Surveillance/2018-912/31 dated August 16, 2018 has directed the Dhaka Stock Exchange Limited to suspend the trading of shares of Legacy Footwear Ltd. as BSEC has observed unusual transactions and movement of price in this share. This Order shall be effective from August 19, 2018 and remain effective as per section 9(8) of the Securities and Exchange Ordinance, 1969.
- Production & marketing of leather products in the local market
The Company has informed that the Board of Directors has empowered the Managing Director to prepare to launch product for the local market along with the prevailing export market. It was also decided that the products will be branded as "Legacy". The Board also instructed the Managing Director to produce and market on an average 300 pairs per day for the local market separately.
- Query Response
In response to a DSE query dated July 23, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated July 03, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated July 03, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Company's message to its shareholders regarding unusual price hike
In response to a DSE query dated May 20, 2018, the Company has further informed that there was no undisclosed price sensitive information for recent unusual price hike of shares. Furthermore, the Company has also requested the honorable investors not to bring rumors into consideration before investing their funds. This unusual trade volume and price hike is quite abnormal considering the current market situation. Therefore, Honorable investors are requested to assess actual situation before any investment.
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated May 20, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated May 20, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): (Q3 Un-audited): EPS was Tk. 0.56 for January-March, 2018 as against Tk. (0.04) for January-March, 2017. EPS was Tk. 0.38 for July, 2017-March, 2018 as against Tk. 0.05 for July, 2016-March, 2017. NOCFPS was Tk. 0.19 for July, 2017-March, 2018 as against Tk. (0.01) for July, 2016-March, 2017. NAV per share was Tk. 15.65 as on March 31, 2018 and Tk. 18.51 as of June 30, 2017.
- 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 April 28, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Raising of authorized capital to Tk. 75.00 crore
The Company has sent the minutes of their EGM which was held on April 07, 2018. From the minutes it is found that the Authorized share capital of the Company has been raised to Tk. 75.00 crore instead of their earlier decision of raising to Tk. 200.00 crore. The Board of Directors of the company has decided to increase it gradually.
- Resumption after record date
Trading of the shares of the Company will resume on 18.03.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 15.03.2018 for EGM.
- 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 13.03.2018 to 14.03.2018. Trading of the shares of the Company will remain suspended on record date i.e., 15.03.2018 for EGM.
- EGM to raise fund from Directors/Sponsors, Unit-2 open, EOI to invest
The Company has informed that the Board of Directors has decided to hold an EGM on March 25, 2018 at 12:00 noon at the Factory Premises, at Vannara, Mouchak, Gazipur to raise fund from the existing Directors/Sponsors and other than existing shareholders as per the requirements of the company. The Board also decided that the Unit-2 of the Company will be opened to manufacture shoes for local market. The Board has also discussed thoroughly the expression of interest given by (cont. 1) (Continuation news of LEGACYFOOT): as their equity for the same. It was also resolved that Tk. 28.00 crore shall be allocated to set up Unit-2 and remaining Tk. 11.00 crore shall be allocated to upgrade the current unit. All the above decisions shall be placed in the upcoming EGM to be held on March 25, 2018. (end) (Continuation news of LEGACYFOOT): Consortium of "Global Shoes Limited" and its associates. It was resolved in the Board Meeting that the Company shall seek for a consortium investment from "Global Shoes Limited" and associates a sum of Tk. 27.30 crore for setting up Unit-2 and upgradation of the current production unit. The Directors/Sponsors of the Board has given their consent to invest Tk. 11.70 crore (cont. 2)
- Revised EGM date and record date for EGM
Referring to their earlier news disseminated today, the Company has further informed that they will now conduct their EGM on April 07, 2018 at 12:00 noon in the Factory Premises at Vannara, Mouchak, Gazipur instead of March 25, 2018. Record date for EGM: March 15, 2018. Other information of the earlier disclosure will remain unchanged.
- Q2 Financials (Repeat)
Repeat News (Q2 Un-audited): EPS was Tk. (0.34) for October-December, 2017 as against Tk. 0.02 for October-December, 2016; EPS was Tk. (0.23) for July-December, 2017 as against Tk. 0.08 for July-December, 2016. NAV per share was Tk. 16.56 as on December 31, 2017 and Tk. 18.51 as on June 30, 2016.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.34) for October-December, 2017 as against Tk. 0.02 for October-December, 2016; EPS was Tk. (0.23) for July-December, 2017 as against Tk. 0.08 for July-December, 2016. NAV per share was Tk. 16.56 as of December 31, 2017 and Tk. 18.51 as of June 30, 2016.
- Q2 Financials (Additional Information)
(Q2 Un-audited Additional Information): The Company has further informed that NOCFPS was Tk. 0.30 for July-December, 2017 as against Tk. (0.03) for July-December, 2016. Other information remain same 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 January 29, 2018 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Resumption of production
The Company has informed that the production of the Company will resume on January 11, 2018 after completion of the factory renovation and necessary civil work.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.