Mercantile Bank PLC. announcements
766 Dhaka Stock Exchange announcements for Mercantile Bank PLC. (MERCANBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (37).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.89 for July-September, 2017 as against Tk. 0.35 for July-September, 2016; Consolidated EPS was Tk. 2.91 for January-September, 2017 as against Tk. 1.68 for January-September, 2016. Consolidated NOCFPS was Tk. 3.94 for January-September, 2016 as against Tk. 6.39 for January-September, 2016. Consolidated NAV per share was Tk. 22.08 as of September 30, 2017 and Tk. NAV per share was Tk. 22.82 as of December 31, 2016.
- Sale intention of shares of IDLC Finance Limited
The Board has expressed its intention to sell 37,70,508 shares out of its total holding of 2,45,08,299 No. of shares (1% of total shares) of IDLC Finance Limited at the prevailing market price (in the Public/Block Market) through Stock Exchanges within next 30 Working Days.
- Forming Subsidiary Company & to obtain license for Venture Capital
The Company has informed that the Board of Directors has taken the following decisions subject to obtaining approval from the concerned Regulatory authorities: 1. Formation of a subsidiary Company of Mercantile Bank Ltd. in the name & style "MBL Investment Limited" for Merchant Banking Operation. (cont.) (continuation news of MERCANBANK): 2. Formation of a subsidiary Company of Mercantile Bank Ltd. in the name & style "MBL Asset Management Limited " for Asset Management Services. 3. To obtain license for initiating Venture Capital Financing Services through the proposed "MBL Asset Management Limited ". (end)
- 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 16, 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.
- Sale confirmation of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, further reported that he has completed his sale of 2,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale declaration of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has expressed his intention to sell 2,50,000 shares out of his total holding of 68,03,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Issuing Subordinated Bond and sale intention of shares of IDLC
The Company has informed that the Board of Directors has decided to issue fully redeemable Non-Convertible 7 years Floating Rated Subordinated Bond (Mercantile Bank 2nd Subordinated Bond) of Tk. 300.00 crore to meet capital requirement under Basel-III subject to approval from the concerned Regulatory Authorities. (cont.) (Continuation news of MERCANBANK): The Board has also expressed its intention to sell 37,70,508 shares out of its total holding of 2,82,78,807 shares of IDLC Finance Limited at the prevailing market price (in the Public/Block Market) through Stock Exchange within next 30 Working Days. (end)
- Sale confirmation of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his sale of 7,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 2.03 for January-June, 2017 as against Tk. 1.33 for January-June, 2016. Consolidated NOCFPS was Tk. 15.30 for January-June, 2017 as against Tk. 3.27 for January-June, 2016. Consolidated NAV per share was Tk. 21.18 as of June 30, 2017 and Tk. 21.01 as of June 30, 2016.
- Q2 Financials (additional information)
(Additional information): (Q2 Un-audited): The Company has further informed that consolidated EPS was Tk. 0.95 for April-June, 2017 as against Tk. 0.74 for April-June, 2016.
- Sale Declaration of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has expressed his intention to sale 7,00,000 shares out of his total holding of 75,03,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- 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.
- Buy confirmation of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has further reported that he has completed his buy of 5,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale confirmation of a Sponsor
Mr. Subrota Narayan Roy, one of the Sponsors of the Company, has further reported that he has completed his sale of 1,13,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy confirmation of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has further reported that he has completed his buy of 4,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy Declaration of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has expressed his intention to buy 5,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Buy confirmation of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has further reported that he has completed his buy of 3,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy Declaration of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has expressed his intention to buy 4,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Buy Declaration of a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has expressed his intention to buy 3,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Confirmation of receipt by a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has further reported that he has completed his receipt of 18,41,700 shares of the Company from his wife Mrs. Khaleda Shahzadi, by way of gift outside the trading system of the Exchange as announced earlier.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the Initial rating of the Company as "AA" in the long term and "ST-2" in the short term along with a Stable outlook based on financials of the Company up to December 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Declaration of receipt by a Sponsor
Mr. Md. Nasiruddin Choudhury, one of the Sponsors of the Company, has expressed his intention to receive 18,41,700 shares of the Company from his wife Mrs. Khaleda Shahzadi, by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.08 for January-March, 2017 as against Tk. 0.59 for January-March, 2016. Consolidated NOCFPS was Tk. 5.84 for January-March, 2017 as against Tk. 3.71 for January-March, 2016. Consolidated NAV per share was Tk. 21.57 as of March 31, 2017 and Tk. 22.82 as of December 31, 2016.
- Sale declaration of a Sponsor
Mr. Subrota Narayan Roy, one of the Sponsors of the Company, has expressed his intention to sell 1,13,000 shares out of his total holding of 78,75,000 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange within next 30 working day.
- 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 08, 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.
- 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 Account on April 09, 2017. The Company has also disbursed Cash Dividend to the respective shareholders' Bank Accounts.
- Buy confirmation of a Sponsor (Correction News)
(Correction News): Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his buy of 3,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Confirmation of sale by a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his sale of 3,00,000 shares of the Company at prevailing market price through Stock Exchange, as announced earlier.
- Buy Declaration of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has expressed his intention to buy 3,00,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
- Decision to establish a fully owned subsidiary Company
The Company has informed that the Board of Directors has unanimously resolved to establish a fully owned subsidiary Company to run Mobile Financial Services  MYCash, subject to approval from the Regulatory Authorities.
- Resumption after record date
Trading of the shares of the Company will resume on 19.03.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 16.03.2017.
- 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 14.03.2017 to 15.03.2017. Trading of the shares of the Company will remain suspended on record date i.e., 16.03.2017.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.02.2017) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 15% cash dividend and 5% stock dividend for the year ended on December 31, 2016. Date of AGM: 30.03.2017, Time: 11:00 AM, Venue: FARS Hotel & Resorts, 212, Shahid Syed Nazrul Islam Sharani (Bijoynagar), Dhaka-1000. Record Date: 16.03.2017. The Company has also reported Consolidated EPS of Tk. 3.01, Consolidated NAV per share of Tk. 22.82 and Consolidated NOCFPS of Tk. 5.36 for the year ended on December 31, 2016 as against Tk. 1.90, Tk. 21.06 and Tk. 10.37 respectively for the year ended on December 31, 2015
- Board Meeting schedule under LR 19(1) (Revised Information)
With reference to their earlier news (disseminated by DSE today 19.02.2016) regarding the Board meeting schedule under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015 the company has further informed that a meeting of the Board of Directors will be held on February 25, 2017 at 12:00 Noon to consider, among others, audited financial statements and appropriation thereon for the year ended on December 31, 2016 subject to approval of Bangladesh Bank.
- Confirmation of Transmission
The Company has further informed that 10,00,000 shares of late Md. Tabibul Huq, Ex Sponsor/Director of the Company, has been transmitted to his successor Tanzina Huq (daughter of late Md. Tabibul Huq), according to the Succession Certificate issued by the Honorable Court.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.