Northern Jute Manufacturing Company Limited announcements
330 Dhaka Stock Exchange announcements for Northern Jute Manufacturing Company Limited (NORTHERN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (23).
- Voluntary resignation of IDB from the Board of the Company
The Company has informed that the Islamic Development Bank which is holding 30% shares of Northern Jute Manufacturing Company Limited, is willing to resign voluntarily from the Board of Directors of Northern Jute Manufacturing Company Limited. The Company has further informed that the currently the joint shareholding proportion of the Sponsors and Directors of the Company is 44.06% which includes 30% shares of Islamic Development Bank. If Islamic Development Bank resigns from the Board, (Cont.)
- Voluntary resignation of IDB from the Board of the Company
(Continuation news of NORTHERN): the joint shareholding position of the Sponsors and Directors of the Company will only be 14.06%. This will be a noncompliance of the BSEC Directive No. SEC/CMRRCD/2009-193/119/Admin Dated November 22, 2011 regarding holding of minimum 30% shares by the Sponsors and Directors of any listed Company. The Board of Directors of the Company will take decision in the next Board of Directors meeting which will be held in the middle of next month. (end)
The first part of this announcement is missing from the archive. - Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from November 28, 2017 as the Company has reported disbursement of 20% cash dividend and 20% stock dividend for the year ended on June 30, 2017.
- 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 any security of Northern Jute Manufacturing Co. Ltd. in between 1st to 30th trading day after change of categorization, with effect from November 28, 2017 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Query Response
In response to a DSE query dated November 22, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Cash Dividend Disbursement
The Company has informed that it has disbursed cash dividend for the year ended on June 30, 2017 in the form of Dividend Warrant.
- Q1 Financials (Repeat News)
(Repeat News): (Q1 Un-audited): EPS was Tk. (4.04) for July-September, 2017 as against Tk. (3.02) for July-September, 2016. NOCFPS was Tk. (49.31) for July-September, 2017 as against Tk. (54.67) for July-September, 2016. NAV per share was Tk. 86.99 as of September 30, 2017 and Tk. 91.03 as of June 30, 2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (4.04) for July-September, 2017 as against Tk. (3.02) for July-September, 2016. NOCFPS was Tk. (49.31) for July-September, 2017 as against Tk. (54.67) for July-September, 2016. NAV per share was Tk. 86.99 as of September 30, 2017 and Tk. 91.03 as of June 30, 2017.
- 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 November 12, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Stock Dividend Disbursement
The Company has informed that it has credited Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on October 26, 2017.
- Sale declaration of a Sponsor
Mr. A. Ahmed Yusuf, one of the Sponsors of the Company, has expressed his intention to sell 6,387 shares out of his total holding of 6,527 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange within next 30 working days.
- Resumption after Record Date
Trading of the shares of the Company will resume on 02.10.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 28.09.2017.
- Spot news
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 benefits from 26.09.2017 to 27.09.2017. Trading of the shares of the Company will remain suspended on record date i.e., 28.09.2017.
- Dividend Declaration
The Board of Directors has recommended 20% cash and 20% stock dividend for the year ended on June 30, 2017. Date of AGM: 22.10.2017, Time: 9:00 AM, Venue: RAOWA Convention Hall-3 (Eagle), VIP Road, Mohakhali, Dhaka-1206. Record Date: 28.09.2017. The Company has also reported EPS of Tk. 5.13, NAV per share of Tk. 91.03 and NOCFPS of Tk. (58.09) for the year ended on June 30, 2017 as against Tk. 0.72, Tk. 85.94 and Tk. 4.86 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (11.09.2017) following its corporate declaration.
- 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 September 10, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Query Response
In response to a DSE query dated August 07, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 4.76 for January-March, 2017 as against Tk. (0.34) for January-March, 2016; EPS was Tk. 0.53 for July, 2016-March, 2017 as against Tk. 0.25 for July, 2015-March, 2016. NOCFPS was Tk. (35.18) for July, 2016-March, 2017 as against Tk. (5.14) for July, 2015-March, 2016. NAV per share was Tk. 85.97 as of March 31, 2017 and Tk. 85.94 as of June 30, 2016.
- 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 26, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.
- Q2 Financials
EPS was Tk. (1.18) for October-December, 2016 as against Tk. (0.38) for October-December, 2015; EPS was Tk. (4.23) for July-December, 2016 as against Tk. 0.65 for July-December, 2015. NOCFPS was Tk. (78.05) for July-December, 2016 as against Tk. (13.56) for July-December, 2015. NAV per share was Tk. 81.20 as of December 31, 2016 and Tk. 85.94 as of June 30, 2016.
- Board Meeting
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 January 23, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.