Midland Bank PLC. announcements
85 Dhaka Stock Exchange announcements for Midland Bank PLC. (MIDLANDBNK) since 2023: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (30).
- Transferring unutilized IPO proceeds to invest in Govt. Securities
The company has informed that the shareholders of the company in its 1st Extra-ordinary General Meeting (EGM) held on 29 October 2023 approved transfer of the unutilized amount of Tk. 46,73,976.00 under the head of 'IPO Expenses' towards 'Investment in Government Securities (Bill/Bond)' within one month of the approval of general shareholders, for full utilization of IPO Proceeds, subject to regulatory approvals, if any.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.22 for July-September 2023 as against Tk. 0.15 for July-September 2022; EPS was Tk. 0.58 for January-September 2023 as against Tk. 0.30 for January-September 2022. NOCFPS was Tk. (0.25) for January-September 2023 as against Tk. 2.32 for January-September 2022. NAV per share was Tk. 13.13 as on September 30, 2023 and Tk. 11.95 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 October 29, 2023 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 20.09.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 19.09.2023 for EGM.
- Spot for EGM
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 from 17.03.2023 to 18.03.2023 and trading of the shares will remain suspended on record date i.e., 19.03.2023 for EGM.
- The company has informed that the Board of Directors of the company has decided to hold the 1st Extra-Ordinary General M
The company has informed that the Board of Directors of the company has decided to hold the 1st Extra-Ordinary General Meeting (EGM) of the Company to consider the followings: 1. To adopt the change of registered name of the Bank to \'Midland Bank PLC.\' from \'Midland Bank Limited\' in accordance with the Company Act 1994 (amendment), 2020 and thereby amending bank\'s name in the relevant clauses of the Memorandum and Article of Association, all statutory/title documents, (cont.)
- Decision to hold EGM for name change and unutilized IPO proceeds
(Continuation news of MIDLANDBNK): license and other relevant documents of the Bank. 2. To approve transfer of the unutilized amount of Tk. 46,73,976.00 under the head of 'IPO Expenses' towards 'Investment in Government Securities (Bill/Bond)' within one month of the approval of general shareholders, for full utilization of IPO Proceeds. Date of EGM: 29.10.2023, Time: 4:00 pm. Venue of EGM: Digital Platform, Record date: 19.09.2023. (end)
The first part of this announcement is missing from the archive. - Board approval for investment in proposed Digital Bank
The company has informed that the Board of Directors of the Company has approved the proposal for joining in a 'Consortium' comprises with other commercial banks for becoming a Sponsor Shareholder of the proposed Digital Bank in the name & style 'Digi10 Bank PLC' by investing an amount of Tk. 12,50,00,000.00 (Twelve Crore Fifty Lac) subject to all regulatory approvals.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.08 for April-June 2023 as against Tk. (0.15) for April-June 2022; EPS was Tk. 0.36 for January-June 2023 as against Tk. 0.15 for January-June 2022. NOCFPS was Tk. 1.77 for January-June 2023 as against Tk. 3.03 for January-June 2022. NAV per share was Tk. 12.91 as on June 30, 2023 and Tk. 11.95 (restated) as on December 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2022 to the respective shareholders.
- Category Change
The Company will be placed in 'B' category from existing 'N' category with effect from July 25, 2023 as the Company has reported disbursement of 5% Cash Dividend for the year ended 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 30, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- The company has informed that the decision for issuance of Zero Coupon Bond of the company was first adopted in a Board
The company has informed that the decision for issuance of Zero Coupon Bond of the company was first adopted in a Board Meeting held on 29.11.2021. Subsequently, the terms & timeline, and the rate for issuance of Zero Coupon Bond was amended in later board meetings considering the prevailing rate(s) of the instruments of the financial industry. The key terms and features of the said Zero Coupon Bond are as follows: Nature of instrument: Full redeemable non-convertible unsecured zero-coupon bonds; (cont.)
- Issuance of Zero Coupon Bond
(Continuation news of MIDLANDBNK): Purpose of issuance: To increase asset portfolio; Prospective investors: High net worth individuals, general insurance companies, life insurance companies, asset management companies, corporate entities, trusts etc.; Issue size: In face value: BDT 506 Crore; In discounted value: BDT 429.44 Crore - BDT 440.57 Crore (depending on the discount rate the bonds are subscribed at); Tenor: 5 Years; Discount rate: 6.50% p.a. - 7.75% p.a. (proposed) (end)
The first part of this announcement is missing from the archive. - Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as \"A+\" in the long term and \"S
Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as \"A+\" in the long term and \"ST-2\" in the short term along with Stable outlook based on the audited financial statements up to December 31, 2022 and other available information up to the date of rating declaration.
- 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): EPS was Tk. 0.28 for January-March 2023 as against Tk. 0.30 for January-March 2022. NOCFPS was Tk. (0.80) for January-March 2023 as against Tk. 2.32 for January-March 2022. NAV per share was Tk. 13.33 as on March 31, 2023 and Tk. 11.95 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 14, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Managers are requested to abstain from providing loan facilities to purchase securities of Midland Bank Limited in between 1st to 30th trading day starting from March 27, 2023 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 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.
- Dividend Declaration
The Board of Directors has recommended 5% Cash 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 EPS of Tk. 0.99, NAV per share of Tk. 13.42 and NOCFPS of Tk. 4.22 for the year ended December 31, 2022 as against Tk. 0.90, Tk. 13.00 and Tk. 2.52 respectively for the year ended December 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 April 27, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- CSE's Query Response
In response to a query of CSE dated April 10, 2023 regarding the upward trend of its share price, the company has informed that there is no decision of the company (Bank) or no such incident took place that may cause any unusual trend and volatility in the share prices and transactions of the shares of the company in the Stock Exchange(s).
- Trading of the shares of Midland Bank Limited will commence at DSE from today i.e. March 27, 2023 under \'N\' category.
Trading of the shares of Midland Bank Limited will commence at DSE from today i.e. March 27, 2023 under \'N\' category. DSE Trading Code for Midland Bank Limited is \"MIDLANDBNK\" and DSE Company Code is 11154.
- (Q3 Un-audited): As per un-audited Q3 financial statements, profit after tax was BDT 93.69 million and basic EPS was BDT
(Q3 Un-audited): As per un-audited Q3 financial statements, profit after tax was BDT 93.69 million and basic EPS was BDT 0.16 for the 3 (three) months period July-September 2022 as against profit after tax of BDT 104.31 million and basic EPS of BDT 0.18 for the same period of the previous year. However, Post-IPO basic EPS for the 03 (three) months period July-September 2022 would be BDT 0.15. (cont.1)
- (Continuation news of MIDLANDBNK): Moreover, profit after tax was BDT 189.20 million and basic EPS was BDT 0.33 for the
(Continuation news of MIDLANDBNK): Moreover, profit after tax was BDT 189.20 million and basic EPS was BDT 0.33 for the 09 (nine) months period January-September 2022 as against profit after tax of BDT 454.78 million and basic EPS of BDT 0.80 for the same period of the previous year. However, Post-IPO EPS would be BDT 0.30 for the 09 (nine) months period January-September 2022. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of MIDLANDBNK): Pre-IPO Net Asset Value (NAV) per share (considering Pre-IPO paid up shares) would be BDT 12.79 as on 30 September 2022 and the same would be BDT 12.49 (considering Post-IPO paid up shares). Pre-IPO weighted average number of shares is 569,669,753 as on 30 September 2022, whereas Post-IPO paid-up number of shares would be 639,669,753 as on the same date. (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.