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 2023 (19).
- The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- The company has informed that the Board of Directors has elected Mr. Md. Nabiullah as the Chairman of the company.
The company has informed that the Board of Directors has elected Mr. Md. Nabiullah as the Chairman of the company.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.10 for July-September, 2023 as against Tk. 0.17 for July-September, 2022; EPS was Tk. 1.05 for January-September, 2023 as against Tk. 1.26 for January-September, 2022. NOCFPS was Tk. 0.55 for January-September, 2023 as against Tk. 0.65 for January-September, 2022. NAV per share was Tk. 20.91 as on September 30, 2023 and Tk. 20.78 as on December 31, 2022.
- Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as \"AA\" in the long ter
Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with Stable outlook based on the audited financial statements as on December 31, 2022 and relevant qualitative information till October 22, 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 28, 2023 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.39 for April-June 2023 as against Tk. 0.34 for April-June 2022; EPS was Tk. 0.95 for January-June 2023 as against Tk. 1.09 for January-June 2022. NOCFPS was Tk. 0.70 for January-June 2023 as against Tk. 0.73 for January-June 2022. NAV per share was Tk. 21.90 as on June 30, 2023 and Tk. 20.78 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 July 31, 2023 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Exclusion of Directorship
The company has informed that the Board of Directors in its 218th meeting, dated 15.05.2023, has decided to exclude the Directorship of Mr. Wahid Ibn Reza who held 1,035,880 shares of the company.
- 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 Islami Insurance PLC' instead of 'Mercantile Insurance Company Ltd.' with effect from May 29, 2023. Other things (except name) will remain unchanged.
- Resumption after record date
Trading of the shares of the company will resume on 22.05.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 21.05.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.56 for January-March 2023 as against Tk. 0.75 for January-March 2022. NOCFPS was Tk. 0.20 for January-March 2023 as against Tk. 0.52 for January-March 2022. NAV per share was Tk. 21.36 as on March 31, 2023 and Tk. 20.78 as on December 31, 2022.
- 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 17.05.2023 to 18.05.2023 and trading of the shares will remain suspended on record date i.e., 21.05.2023.
- The auditor of the Mercantile Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report
The auditor of the Mercantile Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended on December 31, 2022. Emphasis of Matter: Our opinion is not modified in respect of the matters. The management could not determine the forfeited amount of the provident fund for the year ended 31 December 2022, (cont.)
- Emphasis of Matter
(Continuation news of MERCINS): due to non-availability of the audit report of the provident fund. The Company has not performed any actuarial valuation of gratuity fund which is non-compliance with IAS 19. (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 May 15, 2023 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- Dividend Declaration
The Board of Directors has recommended 10% Cash Dividend for the year ended December 31, 2022. Date of AGM: 26.06.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 21.05.2023. The Company has also reported EPS of Tk. 1.95, NAV per share of Tk. 20.78 and NOCFPS of Tk. 0.90 for the year ended December 31, 2022 as against Tk. 2.08, Tk. 20.38 and Tk. 1.14 respectively for the year ended December 31, 2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- 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 27, 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.