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 2024 (31).
- Appointment of Company Secretary
The Company has informed that Mr. Mohammad Rezaul Karim has been appointed as the Company Secretary of the company.
- Appointment of Managing Director
The company has informed that Mr. Md. Mati Ul Hasan has been appointed as Managing Director of the company with effect from November 30, 2024.
- Sale confirmation of a Sponsor
Dr. A.K.M. Shaheed Reza, a Sponsor of the company, has further informed that he has completed his sale of 58,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 29.09.2024.
- Sale Confirmation of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, a Sponsor of the company, has informed that he has completed his sale of 400,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 16.10.2024.
- (Q3 Un-audited): Consolidated EPS was Tk. 1.06 for July-September, 2024 as against Tk. 0.78 for July-September, 2023; Co
(Q3 Un-audited): Consolidated EPS was Tk. 1.06 for July-September, 2024 as against Tk. 0.78 for July-September, 2023; Consolidated EPS was Tk. 3.04 for January-September, 2024 as against Tk. 2.11 for January-September, 2023. Consolidated NOCFPS was Tk. 7.21 for January-September, 2024 as against Tk. 1.22 for January-September, 2023. Consolidated NAV per share was Tk. 26.12 as on September 30, 2024 and Tk. 23.91 as on December 31, 2023. (cont.)
- Q3 Financials
(Cont. news of MERCANBANK): Reasons for deviation in EPS and NOCFPS: EPS increased compared to previous period due to the increase of profit before provision. NOCFPS has increased due to increase in cash flows from net operating activities. (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 October 22, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Sale declaration of a Sponsor
Mr. Md. Mizanur Rahman Chowdhury, a Sponsor of the company, has expressed his intention to sell 4,00,000 shares out of his total holding of 6,589,999 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange PLC. within October 31, 2024.
- Sale declaration of a Sponsor
Dr. A.K.M. Shaheed Reza, a Sponsor of the company, has expressed his intention to sell 58,00,000 shares out of his total holding of 4,72,75,087 shares of the Company at prevailing market price (In the Public and/or Block Market) through Dhaka Stock Exchange PLC. within October 31, 2024.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Md. Anwarul Haque as the Chairman of the Board of Directors of the company with effect from September 01, 2024.
- (Q2 Un-audited): Consolidated EPS was Tk. 1.25 for April-June 2024 as against Tk. 0.72 for April-June 2023; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 1.25 for April-June 2024 as against Tk. 0.72 for April-June 2023; Consolidated EPS was Tk. 1.98 for January-June 2024 as against Tk. 1.33 for January-June 2023. Consolidated NOCFPS was Tk. 7.93 for January-June 2024 as against Tk. 3.23 for January-June 2023. Consolidated NAV per share was Tk. 24.94 as on June 30, 2024 and Tk. 23.91 as on December 31, 2023. (cont.)
- Q2 Financials
(Continuation news of MERCANBANK): Reasons for deviation in EPS and NOCFPS: EPS has increased compared to previous period due to the increase of Profit before provision. NOCFPS has increased compared to previous period due to increase in Cash flows from Net Operating activities. (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 31, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- Buy Confirmation of a Sponsor
Ms. Nargis Anwar, a sponsor of the Company, has further informed that she has completed her buying of 10,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated on 06.06.2024.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the company as 'AA+' in the long term and 'ST-2' in the short term along with Stable outlook in consideration of its audited financials up to December 31, 2023 also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Buy Declaration of a Sponsor
Ms. Nargis Anwar, a Sponsor of the Company, has expressed her intention to buy 10,00,000 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- Confirmation of share transfer by a Sponsor Director
Mr. M. Amanullah, a Sponsor Director of the company, has further informed that he has completed his transfer of 2,260,399 shares of the company to his son Mr. Tahsin Aman (a General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated on 29.05.2024.
- Declaration of share transfer by a Sponsor Director
Mr. M. Amanullah, a Sponsor Director of the company, has expressed his intention to transfer 2,260,399 shares of the company to his son Mr. Tahsin Aman (a General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days with effect from May 27, 2024.
- Resumption after record date
Trading of the shares of the company will resume on 09.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 08.05.2024.
- 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 06.05.2024 to 07.05.2024 and trading of the shares will remain suspended on record date i.e., 08.05.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.73 for January-March 2024 as against Tk. 0.61 for January-March 2023. Consolidated NOCFPS was Tk. 2.05 for January-March 2024 as against Tk. 1.86 for January-March 2023. Consolidated NAV per share was Tk. 24.63 as on March 31, 2024 and Tk. 23.91 as on December 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 April 30, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 30.05.2024,
The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 30.05.2024, Time: 11:00 AM, Venue: Virtual meeting by using digital platform (Web-link for joining AGM by using digital platform will be communicated in due course through AGM notice). Record Date: 08.05.2024. The Company has also reported Consolidated EPS of Tk. 1.86, Consolidated NAV per share of Tk. 23.91 and Consolidated NOCFPS of Tk. 4.80 for the year ended December 31, 2023 (cont.)
- Dividend Declaration
(Continuation news of MERCANBANK): as against Tk. 2.12, Tk. 23.71 and Tk. 4.73 respectively for the year ended December 31, 2022. (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 (17.04.2024) following its corporate declaration.
- Bangladesh Bank consent for declaring dividend of the company
The company has informed that Bangladesh Bank has given consent to the company for declaring dividend for the year ended December 31, 2023.
- 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 16, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- The Board of Directors of Mercantile Bank PLC., in its 435th meeting held on Tuesday, 27 February 2024 has approved the
The Board of Directors of Mercantile Bank PLC., in its 435th meeting held on Tuesday, 27 February 2024 has approved the following price sensitive decision subject to approval of the Regulatory Authorities and General Meeting of the Company: Increase of Authorized Capital of the Bank from Tk. 12,00,00,00,000.00 (Taka one thousand two hundred crore) only divided into 1,20,00,00,000 (One hundred twenty crore) ordinary shares of BDT 10.00 (Taka ten) each to Tk. 20,00,00,00,000.00 (Taka two thousand (cont.)
- Regarding increase of Authorized Capital
(Continuation news of MERCANBANK): crore) only divided into 2,00,00,00,000 (Two hundred crore) ordinary shares of BDT 10.00 (Taka ten) each and amendment of relevant clauses of Memorandum and Articles of Association of the Bank. In this connection, the above decision will be considered as 'Special Resolution' of the upcoming Annual General Meeting (AGM). Record date and date of AGM will duly be circulated later on. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.