Padma Islami Life Insurance Limited announcements
261 Dhaka Stock Exchange announcements for Padma Islami Life Insurance Limited (PADMALIFE) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (21).
- Q3 Financials
(Q3 Un-audited): Decrease in life revenue account for July-September, 2018 was Tk. 217.82 million as against increase of Tk. 13.26 million for July-September, 2017. Whereas decrease in life revenue account for Jan- September, 2018 was Tk. 442.97 million with total life insurance fund of Tk. 845.28 million as against decrease in Tk. 183.37 million and Tk. 2,546.97 million respectively for Jan- September, 2017.
- Elected Chairman and Vice-Chairman
The Company has informed that Professor N R M Borhan Uddin, Ph. D. and Mr. Dewan Nurul Islam, FCA have been elected as the Chairman and Vice-Chairman of the Company respectively.
- 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, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Sale confirmation of Sponsors and Directors
Referring to their earlier news disseminated by DSE on 21.10.2018 regarding intimation of share sale by the Sponsors Directors of the Company, it is to be further informed that the said sponsors directors have completed their sale of shares as per following specifications: 11 Sponsors Directors namely: 1. Dr. A.B.M. Zafar Ullah (18,50,000 shares), 2. Mr. Zainal Abedin Zafar (14,05,200 shares), (cont. 1) (Continuation news of PADMALIFE): 4. Haji Mohammad Shahjahan (3,41,720 shares), 5. Mrs. Rahima Khanam (3,36,960 shares); 1 Shareholder (who is the inheritor of one Sponsor) namely: Mr. Fazle Alam Bhuiyan (12,96,000 shares) of their entire holdings of 1,74,10,900 shares of the Company at prevailing market price through Stock Exchange as announced earlier. (end) (Continuation news of PADMALIFE): 11. Mr. A.T.M. Rafique (8,52,000 shares); 1 Director namely: Mr. Abdul Mujib Chowdhury (9,07,200 shares); 5 Sponsors Shareholders namely: 1. Mr. Yousuf Wazed Ali Chowdhury (3,68,400 shares), 2. Md. Abul Basher (3,92,180 shares), 3. Mr. A.B.M. Taleb Ali (3,30,000 shares), (cont. 3) (Continuation news of PADMALIFE): 3. Mr. A.T.M. Anayet Ullah (13,90,000 shares), 4. A.F.M. Obaidur Rahman (13,20,000 shares), 5. Mrs. Fatema Begum (12,44,160 shares), 6. Mr. Abu Taher (12,34,600 shares), 7. Mr. Nazim Uddin Ahmed (11,44,160 shares), 8. Dr. Nadera Saberin (10,51,520 shares), 9. Dr. A.K.M. Anwaruzzaman (9,80,400 shares), 10. Mrs. Nazmun Naher (9,66,400 shares), (cont. 2)
- Reconstitution of the Board of the company
The Company has further informed that the Board of Directors has been reconstituted and the new board is comprised with the following persons: 1. Prof. N R M Borhan Uddin, Ph.D., Nominated Director and Chairman, 2. Mr. Dewan Nurul Islam, FCA, Nominated Director & Vice Chairman, 3. Mr. Md. Zahirul Islam, Nominated Director, 4. Mr. Mohammad Nayeem Abdullah, Public Shareholder Director, (cont.) (Continuation news of PADMALIFE): 5. Mr. Humayun Bokhteyar, Nominated Director, 6. Mr. Md. Belal Hussain, FCA, Independent Director, 7. Dr. Md. Nurul Aktar Chowdhury, Public Shareholder Director, 8. Dr. Serajul Hoque, Public Shareholder Director and 9. Ms. Zaman Ara Begum, Nominated Director. (end)
- Sale declaration of Sponsors and Directors
Referring to their earlier news disseminated by DSE on 26.09.2018 regarding share sale of the Company held by 11 Sponsors Directors namely: 1. Dr. A.B.M. Zafar Ullah (18,50,000 shares), 2. Mr. Zainal Abedin Zafar (14,05,200 shares), 3. Mr. A.T.M. Anayet Ullah (13,90,000 shares), 4. A.F.M. Obaidur Rahman (13,20,000 shares), 5. Mrs. Fatema Begum (12,44,160 shares), 6. Mr. Abu Taher (12,34,600 shares), 7. Mr. Nazim Uddin Ahmed (11,44,160 shares), (cont.1) (Continuation news of PADMALIFE): 3. Pavilion International Limited (28,10,720 shares), 4. Affinity Assets Limited (23,88,320 shares), 5. Crest Holdings Limited (26,98,120 shares), 6. Mohammed Saiful Alam (9,80,400 shares), 7. Ms. Farzana Parveen (10,56,960 shares) and 8. Mr. Ahsanul Alam (18,50,000 shares). (End) (Continuation news of PADMALIFE): 5. Mrs. Rahima Khanam (3,36,960 shares); 1 Shareholder (who is the inheritor of one Sponsor) namely: Mr. Fazle Alam Bhuiyan (12,96,000 shares) of their entire holdings of 1,74,10,900 shares of the Company at prevailing market price (in the BLOCK Market) through Stock Exchange (DSE), within October 31, 2018. It is to be informed that these shares will be bought by namely: 1. Unitex Petroleum Ltd. (25,32,780 shares), 2. Unitex LP Gas Ltd. (30,93,600 shares), (cont.3) (Continuation news of PADMALIFE): 8. Dr. Nadera Saberin (10,51,520 shares), 9. Dr. A.K.M. Anwaruzzaman (9,80,400 shares), 10. Mrs. Nazmun Naher (9,66,400 shares), 11. Mr. A.T.M. Rafique (8,52,000 shares); 1 Director namely: Mr. Abdul Mujib Chowdhury (9,07,200 shares); 5 Sponsors Shareholders namely: 1. Mr. Yousuf Wazed Ali Chowdhury (3,68,400 shares), 2. Md. Abul Basher (3,92,180 shares), 3. Mr. A.B.M. Taleb Ali (3,30,000 shares), 4. Haji Mohammad Shahjahan (3,41,720 shares), (cont.2)
- Revised sale declaration of a Sponsor
Referring to their earlier news disseminated today, it is to be further informed that Mr. Md. Abul Basher, Sponsor of the Company, mistakenly gave declaration to sell his entire 3,92,180 shares in the Block Market. Instead, out of total 3,92,180 shares he will sell 3,90,000 shares in the Block Market and the remaining 2,180 shares in the Public Market within October 31, 2018. Other information of the earlier news will remain unchanged.
- Transfer/sale of Sponsors and Directors shares
The Company has informed that the Board of Directors of the Company has decided to transfer/sell 1,74,10,900 shares i.e. 44.7811% of the total Paid-up Capital of the Company held by 5 Sponsor Shareholders, 11 Sponsor Directors, 1 Director and 1 Shareholder (who is the inheritor of one Sponsor) subject to approval of Competent Authorities.
- Resumption after record date
Trading of the shares of the Company will resume on 11.09.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 10.09.2018.
- 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 from 27.08.2018 to 09.09.2018. Trading of the shares of the Company will remain suspended on record date i.e., 10.09.2018.
- Q1 Financials
(Q1 Un-audited): Decrease in life revenue account for Jan-Mar, 2018 was Tk. 219.52 million with total life insurance fund of Tk. 1,068.74 million as against decrease in life revenue account of Tk. 142.89 million and Tk. 2,587.45 million respectively for the same period of the previous year.
- Q2 Financials
(Q2 Un-audited): Decrease in life revenue account for Apr-June, 2018 was Tk. 5.64 million with total life insurance fund of Tk. 1,063.10 million as against decrease in Tk. 53.74 million and Tk. 2,533.70 million respectively for the same period of the previous year. (cont.) (Continuation news of PADMALIFE): Decrease in life revenue account for Jan-June, 2018 was Tk. 225.16 million with total life insurance fund of Tk. 1,063.10 million as against decrease in Tk. 196.64 million and Tk. 2,533.70 million respectively for the same period of the previous year. (end)
- Dividend Declaration
The Board of Directors has recommended no dividend for the year ended on December 31, 2017. Date of AGM: 27.09.2018, Time of AGM: 11:00 AM, Venue of the AGM: Padma Life Tower, 115 Kazi Nazrul Islam Avenue, Bangla Motor, Dhaka-1000. Record Date: 10.09.2018.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company on 14.08.2018 following its corporate declaration.
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from August 14, 2018 as the Company has declared No Dividend for the year ended on December 31, 2017.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Padma Islami Life Insurance Limited with effect from August 14, 2018 as per BSEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.
- Board Meeting schedules 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 13, 2018 at 2:50 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) and Second Quarter (Q2) periods ended on March 31, 2018 and June 30, 2018 respectively.
- 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 August 13, 2018 at 2:50 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated July 23, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated July 23, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.