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 2018 (32).
- Completion of share Transfer outside the Trading System of Exchange
Referring to the earlier news disseminated on 16.10.2018, Mercantile Bank Securities Limited has further informed that transfer of 10,00,000 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to NRB Commercial Bank Ltd. (the transferee/pledgee) has been completed.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.76 for July-September, 2018 as against Tk. 0.85 for July-September, 2017; Consolidated EPS was Tk. 2.70 for January-September, 2018 as against Tk. 2.78 for January-September, 2017. Consolidated NOCFPS was Tk. 2.37 for January-September, 2018 as against Tk. 3.94 for January-September, 2017. Consolidated NAV per share was Tk. 22.07 as of September 30, 2018 and Tk. 22.08 as on September 30, 2017.
- Confirmation of share transfer by a Sponsor Director
Mr. M. Amanullah, one of the Sponsors Directors of the Company, has further reported that he has completed his transfer of 44,00,000 shares of the Company to his son Mr. Tahrin Aman, by way of gift outside the trading system of the Exchange as announced earlier.
- Declaration of transfer by a Sponsor Director
Mr. M. Amanullah, one of the Sponsors Directors of the Company, has expressed his intention to transfer 44,00,000 shares out of his total holding of 2,44,75,499 shares of the Company to his son Mr. Tahrin Aman, by way of gift outside the trading system of the Exchange within October 31, 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 October 25, 2018 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, 2018.
- Transfer of shares outside the Trading System of the Exchange
Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer of 10,00,000 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to NRB Commercial Bank Ltd. (the transferee/pledgee) within October 31, 2018 under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.09 for April-June 2018 as against Tk. 0.90 for April-June 2017. Consolidated EPS was Tk. 1.94 for January-June 2018 as against Tk. 1.93 for January-June 2017. Consolidated NOCFPS was Tk. 6.20 for January-June 2018 as against Tk. 15.30 for January-June 2017. Consolidated NAV per share was Tk. 21.30 as on June 30, 2018 and Tk. 21.18 as on 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 July 25, 2018 at 3:00 PM to consider, among others, unaudited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2018.
- Confirmation of share transfer by a Sponsor
Mr. Mohammed Monsuruzzaman, one of the Sponsors of the Company, has further reported that he has completed his transfer of 6,54,334 shares of the Company to his spouse Mrs. Sultana Ferdausi Begum by way of gift, outside the trading system of the Exchange as announced earlier.
- Declaration of share transfer by a Sponsor
Mr. Mohammed Monsuruzzaman, one of the Sponsors of the Company, has expressed his intention to transfer 6,54,334 shares out of his total holding of 42,54,334 shares of the Company to his spouse Mrs. Sultana Ferdausi Begum, 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.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO Account on May 10, 2018. The Company has also disbursed Cash Dividend to the respective shareholders' Bank Accounts.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned surveillance credit rating of the Company as "AA" 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, 2017 and other relevant quantitative as well as qualitative information up to the date of rating.
- BSEC consent for issuing 7 years Subordinated Bond
Referring to their earlier news disseminated on 17.08.2017 the Company has further informed that BSEC has accorded consent under the provision of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012 for issuance of 7 years Floating Rate, Non-Convertible, Unsecured and Fully Redeemable Subordinated Bond (Mercantile Bank 2nd Subordinated Bond) of total amount of Tk. 300.00 crore through Private Placement to increase Capital Requirement under Tier-II category of Basel-III.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.85 for January-March 2018 as against Tk. 1.03 for January-March 2017. Consolidated NOCFPS was Tk. 2.31 for January-March 2018 as against Tk. 5.84 for January-March 2017. Consolidated NAV per share was Tk. 22.90 as on March 31, 2018 and Tk. 21.57 as on March 31, 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 May 10, 2018 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, 2018.
- 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 5,20,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale confirmation of a Sponsor
Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his sale of 30,000 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 5,20,000 shares out of his total holding of 65,23,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Share transmission of late Sponsor Director to his successor
Referring to the earlier news disseminated on 28.03.2018 regarding share transmission of the late Sponsor Director, the Company has further informed that 10,50,000 shares of late Md. Tabibul Huq, Ex Sponsor/Director of the Company, has been transmitted in the account of his legal successor Tanzina Huq (daughter of late Md. Tabibul Huq) according to the Succession Certificate issued by the Honorable Court.
- Resumption after record date
Trading of the shares of the Company will resume on 16.04.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 15.04.2018.
- Sale declaration of a Sponsor
Md. Mizanur Rahman Chowdhury, one of the Sponsors of the Company, has expressed his intention to sale 30,000 shares out of his total holding of 65,53,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Buy confirmation of a Director
Mr. M. S. Ahsan, one of the Sponsors of the Company, has further reported that he has completed his buy of 1,12,224 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- 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 11.04.2018 to 12.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 15.04.2018.
- Buy declaration of a Sponsor
Mr. M. S. Ahsan, one of the Sponsors of the Company, has expressed his intention to buy 1,12,224 shares of the Company at prevailing market price (In the Block market) through Stock Exchange (DSE) within next 30 working days.
- Share transmission of late Sponsor Director to his successor
Referring to their earlier news disseminated on 27.12.2016 regarding transmission of shares of late Md. Tabibul Huq, Ex Sponsor/Director; the company has further informed that out of his (late Md. Tabibul Huq) remaining holding; 10,00,000 more shares have been unpledged. Now these 10,00,000 shares as well as subsequent 50,000 bonus shares will be transmitted to his legal successor Tanzina Huq (daughter of late Md. Tabibul Huq) according to the Succession Certificate issued by the Honorable Court.
- Dividend Declaration
The Board of Directors has recommended 17% cash dividend and 5% stock dividend for the year ended on December 31, 2017. Date of AGM: 30.04.2018, Time: 11:00 AM, Venue: FARS Hotel & Resorts, 212, Shahid Syed Nazrul Islam Sharani (Bijoynagar), Dhaka-1000. Record Date: 15.04.2018. (cont.) (Continuation news of MERCANBANK): The Company has also reported Consolidated EPS of Tk. 3.89, Consolidated NAV per share of Tk. 22.74 and Consolidated NOCFPS of Tk. 3.72 for the year ended on December 31, 2017 as against Tk. 2.87 (restated), Tk. 22.82 and Tk. 5.36 respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (25.03.2018) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that the meeting of the Board of Directors of the Company will now be held on March 24, 2018 at 11:00 AM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Fine Imposed on a Sponsor Director of the Company
BSEC News: BSEC has fined Tk. 4.00 lac to Mr. A.K.M. Shaheed Reza, Sponsor & Director of the Company for making non-compliance with securities laws in connection with buying of shares without declaration.
- Postponement of Board Meeting schedule under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under LR 19(1) scheduled to be held on February 15, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017, has been postponed. New date and time of the meeting will be notified later on.
- 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 February 15, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017, subject to approval from Bangladesh Bank.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.