Mercantile Islami Insurance PLC announcements
340 Dhaka Stock Exchange announcements for Mercantile Islami Insurance PLC (MERCINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (29).
- Sale Confirmation of a Sponsor Director
Mr. M. Kamal Uddin one of the Sponsor Directors of the Company, has further reported that he has completed his sale of entire holding 8,62,400 shares at prevailing market price through Stock Exchange as per declaration disseminated on 21.10.2021.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.32 for July-September, 2021 as against Tk. 0.75 for July-September, 2020; Consolidated EPS was Tk. 1.12 for January-September, 2021 as against Tk. 1.15 for January-September, 2020. Consolidated NOCFPS was Tk. 0.69 for January-September, 2021 as against Tk. 0.55 for January-September, 2020. Consolidated NAV per share was Tk. 19.17 as of September 30, 2021 and Tk. 19.05 as on December 31, 2020.
- Sale and Buy Declaration
Mr. M. Kamal Uddin one of the Sponsor Directors of the Company, has expressed his intention to sell his entire holding of 8,62,400 shares (in the Block Market) whereas Mr. Shajjad Mustafa another Director of the company has expressed his intention to buy 8,62,400 shares at prevailing market price (in the Block Market) through Stock Exchange (DSE) within October 31, 2021.
- 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 28, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA" in the long term and "ST-2" in the short term al
Alpha Credit Rating Limited (AlphaRating) has rated 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 as on December 31, 2020 and relevant qualitative information till September 26, 2021.
- Mr. Mahtabuddin Chowdhury, one of the Directors of the Company, has further reported that he has completed his sale of e
Mr. Mahtabuddin Chowdhury, one of the Directors of the Company, has further reported that he has completed his sale of entire holding 8,98,509 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration 19.08.2021
- Sale Confirmation of a Director
Mr. Syed Noor Alam, one of the Directors of the Company, has further reported that he has completed his sale of entire holding 1,23,200 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration 19.08.2021
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from September 08, 2021 as the Company has reported disbursement of 10% cash dividend for the year ended on December 31, 2020.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Mercantile Insurance Co. Ltd. in between 1st to 30th trading day after change of categorization, with effect from September 08, 2021 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.07 for April-June 2021 as against Tk. 0.07 for April-June 2020; EPS was Tk. 0.79 for January-June 2021 as against Tk. 0.40 for January-June 2020. NOCFPS was Tk. 0.70 for January-June 2021 as against Tk. 0.36 for January-June 2020. NAV per share was Tk. 19.85 as on June 30, 2021 and Tk. 19.05 as on December 31, 2020.
- Sale Declaration of a Sponsor
Mr. Syed Noor Alam, one of the Sponsors of the Company, has expressed his intention to sell his entire holding of 1,23,200 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Sale Declaration of a Director
Mr. Mahtabuddin Chowdhury, one of the Directors of the Company, has expressed his intention to sell his entire holding of 8,98,509 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) 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 August 21, 2021 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
- Sale Confirmation of a Sponsor
Mohammad Ali Asghar, one of the Sponsors of Mercantile Insurance Co. Ltd., has further reported that he has completed his sale of 2,87,302 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration disseminated on 07.07.2021.
- Mohammad Ali Asghar, one of the Sponsors of Mercantile Insurance Co. Ltd., has expressed his intention to sell his entir
Mohammad Ali Asghar, one of the Sponsors of Mercantile Insurance Co. Ltd., has expressed his intention to sell his entire holdings of 2,87,302 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Trading of the shares of the Company will resume on 17.06.2021 after record date.
Trading of the shares of the Company will resume on 17.06.2021 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 16.06.2021.
Trading of the shares of the Company will remain suspended on record date i.e., 16.06.2021.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled
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 14.06.2021 to 15.06.2021. Trading of the shares of the Company will remain suspended on record date i.e., 16.06.2021.
- The auditor of the Mercantile Insurance Co. Ltd has given the "Other Matter" paragraphs in the Auditor's Report for the
The auditor of the Mercantile Insurance Co. Ltd has given the "Other Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. Other Matter: As per Sec-232, Labor Act 2006 and as amended, if a company comply certain conditions as per said section of the Act then the company should establish a worker's pro?t participation fund (WPPF). MICL is eligible for establishing a WPPF as per said Act. However, they did not establish WPPF which is a non-compliance of the said Act.
- The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2020. Date of AGM: 30.06.202
The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2020. Date of AGM: 30.06.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 16.06.2021. The Company has also reported EPS of Tk. 1.68, NAV per share of Tk. 19.05 and NOCFPS of Tk. 1.08 for the year ended on December 31, 2020 as against Tk. 1.43, Tk. 18.27 and Tk. 1.02 respectively for the same period of the previous year.
- There will be no price limit on the trading of the shares of the Company today (24.05.2021) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (24.05.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
- (Q1 Un-audited): EPS was Tk. 0.72 for January-March 2021 as against Tk. 0.33 for January-March 2020. NOCFPS was Tk. 0.57
(Q1 Un-audited): EPS was Tk. 0.72 for January-March 2021 as against Tk. 0.33 for January-March 2020. NOCFPS was Tk. 0.57 for January-March 2021 as against Tk. 0.45 for January-March 2020. NAV per share was Tk. 19.77 as on March 31, 2021 and Tk. 19.05 as on December 31, 2020.
- Reschedule Board Meeting under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that due to unavoidable circumstances a meeting of the Board of Directors will be held on May 23, 2021 at 3:30 PM instead of May 24, 2021 to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
- 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) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on May 23, 2021 at 2:45 PM instead of May 24, 2021 to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- 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 24, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
- 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 May 24, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- Query Response
In response to a DSE query dated May 03, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Appointment of CEO
The Company has informed that the Board of Directors has appointed Mr. Firoz Ahmed as the Chief Executive Officer of the Company. The Insurance Development and Regulatory Authority (IDRA) has approved his appointment.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.