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 2023 (30).
- Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, has further informed that he has completed his sale
Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, has further informed that he has completed his sale of 2,19,546 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 19.10.2023.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.78 for July-September, 2023 as against Tk. 1.01 for July-September, 2022; Co
(Q3 Un-audited): Consolidated EPS was Tk. 0.78 for July-September, 2023 as against Tk. 1.01 for July-September, 2022; Consolidated EPS was Tk. 2.11 for January-September, 2023 as against Tk. 3.19 for January-September, 2022. Consolidated NOCFPS was Tk. 1.22 for January-September, 2023 as against Tk. 5.51 for January-September, 2022. Consolidated NAV per share was Tk. 24.22 as on September 30, 2023 and Tk. 23.71 as on December 31, 2022. (cont.)
- Q3 Financials
(Cont. news of MERCANBANK): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to profit before provision has decreased. NOCFPS has been decreased due to increase in investment in government securities. (end)
The first part of this announcement is missing from the archive. - Buy Confirmation of a Sponsor Director
Mr. A.S.M. Feroz Alam, one of the Sponsor Directors of the Company, has further informed that he has completed his buying of 2,10,000 shares of the company through Dhaka Stock Exchange Limited as per declaration disseminated on 19.10.2023.
- Time extension for selling declared shares of a sponsor
Refer to earlier news of the company disseminated by DSE on 26.06.2023 regarding sale declaration of Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, who expressed his intention to sell 2,19,546 shares of the Company. In this respect BSEC has allowed time extension including restricted period for selling the declared 2,19,546 shares of the above sponsor of the company till January 31, 2024. As such, time has been extended up to January 31, 2024 for selling the mentioned shares.
- Buy Declaration of a Sponsor Director
Mr. A.S.M. Feroz Alam, one of the Sponsor Directors of the Company, has expressed his intention to buy 2,10,000 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange Limited within October 31, 2023.
- 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, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Confirmation of share transfer by a Sponsor
Engr. Md. Monsuruzzaman, one of the Sponsors of the Company, has further informed that he has completed his transfer of 5,30,000 shares of the company to his wife Sultana Ferdausi Begum, General Shareholder of the Company, by way of gift outside the trading system of the Exchange as per declaration disseminated on 12.09.2023.
- Declaration of share transfer by a Sponsor
Engr. Md. Monsuruzzaman, one of the Sponsors of the company, has expressed his intention to transfer 5,30,000 shares out of his holding of 15,30,000 shares of the company to his wife Sultana Ferdausi Begum (General Shareholder of the company), by way of gift outside the trading system of the Exchange within 30 working days with effect from September 07, 2023.
- Name Change of the Company
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Mercantile Bank PLC.' instead of 'Mercantile Bank Ltd.' with effect from September 11, 2023. Other things (except name) will remain unchanged.
- The company has informed that the Board of Directors has approved the proposal for joining a \"Consortium\" of 10 commer
The company has informed that the Board of Directors has approved the proposal for joining a \"Consortium\" of 10 commercial banks who together will apply for a Digital Bank with the proposed name of \"Digi10 Bank Plc.\", and also to become a sponsor by way of Investing BDT 12.50 crores out of the total initial paid-up capital of Tk. 125.00 crore, (i.e., to hold 10\% shares of the proposed Digital Bank) subject to approval of the regulatory authorities.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.70 for April-June 2023 as against Tk. 1.36 for April-June 2022; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.70 for April-June 2023 as against Tk. 1.36 for April-June 2022; Consolidated EPS was Tk. 1.33 for January-June 2023 as against Tk. 2.18 for January-June 2022. Consolidated NOCFPS was Tk. 3.23 for January-June 2023 as against Tk. 8.18 for January-June 2022. Consolidated NAV per share was Tk. 23.43 as on June 30, 2023 and Tk. 23.71 as on December 31, 2022. (cont.)
- Q2 Financials
(Continuation news of MERCANBANK): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in profit before provision. NOCFPS has been decreased due to increase in investment in government securities and increase in money at call on short notice. (end)
The first part of this announcement is missing from the archive. - 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 30, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Dividend Disbursement
The company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders for the year ended December 31, 2022.
- Sale declaration of a Sponsor
Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, has expressed his intention to sell 2,19,546 shares out of his holding of 32,56,217 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange Limited within next 30 working days.
- Sale confirmation of a sponsor
Md. Mizanur Rahman Chowdhury, one of the Sponsors of the company, has further informed that he has completed his sale of 40,000 shares of the Company at prevailing market price through Dhaka Stock Exchange Ltd. as per declaration disseminated on 29.05.2023.
- Credit Rating Information and Services Limited (CRISL) has assigned the Rating of the Company as \"AA\" in the long term
Credit Rating Information and Services Limited (CRISL) has assigned the Rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with Stable outlook based on audited financials of the Company up to December 31, 2022; unaudited financials up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Sale declaration of a Sponsor
Md. Mizanur Rahman Chowdhury, one of the Sponsors of the company, has expressed his intention to sell 40,000 shares out of his holdings 65,00,000 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange Ltd. within next 30 working days.
- Resumption after record date
Trading of the shares of the company will resume on 24.05.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on the record date i.e., 23.05.2023.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 21.05.2023 to 22.05.2023 and trading of the shares will remain suspended on record date i.e., 23.05.2023.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.63 for January-March 2023 as against Tk. 0.82 for January-March 2022. Consolidated NOCFPS was Tk. 1.86 for January-March 2023 as against Tk. 1.21 for January-March 2022. Consolidated NAV per share was Tk. 24.24 as on March 31, 2023 and Tk. 23.71 as on December 31, 2022.
- 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, 2023 at 3: 30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The Board of Directors has recommended 10\% Cash and 2\% Stock Dividend for the year ended December 31, 2022. Date of AG
The Board of Directors has recommended 10\% Cash and 2\% Stock Dividend for the year ended December 31, 2022. Date of AGM: 14.06.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 23.05.2023. The Company has also reported Consolidated EPS of Tk. 2.17, Consolidated NAV per share of Tk. 23.71 and Consolidated NOCFPS of Tk. 4.73 for the year ended December 31, 2022 as against Tk. 3.29, Tk. 23.91 and Tk. 3.17 respectively for the year ended December 31, 2021. (cont.1)
- (Continuation news of MERCANBANK): Disclosures on recommendation of stock dividend: i) Stock dividend has been declared
(Continuation news of MERCANBANK): Disclosures on recommendation of stock dividend: i) Stock dividend has been declared to strengthen the capital base of the company to support business growth. ii) The Bonus Shares have been declared out of accumulated profit. iii) The Bonus Shares have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of MERCANBANK): the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (02.05.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Consent of Bangladesh Bank to declare dividend
Mercantile Bank Ltd. has informed that Bangladesh Bank has given due consent to the bank for declaring dividend for the year ended 31 December 2022 in accordance with the DOS Circular No. 01 dated 07 February 2021 of Bangladesh Bank.
- 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 April 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.