Popular Life Insurance Company Limited announcements
392 Dhaka Stock Exchange announcements for Popular Life Insurance Company Limited (POPULARLIF) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (27).
- Board Decision to Sell Land
The Company has informed that the Board of Directors has decided to sell 5.00 Acre Land Situated at P.S. Sylhet Sadar, J.L. No. 77, Mouza Bramman Shashan, D.P. Khatian No. 919, 1191, S.A. Khatian No. 104, S.A. Dag No. 200, 201, Khariz (Mutation) Khatian No. 1964, District Sylhet, Total Price amounting Tk. 20.00 Crore approximate only.
- Q3 Financials
(Q3 Un-audited): Decrease in life revenue account for July-September, 2018 was Tk. 1,052.19 million as against decrease in Tk. 746.84 million for July-September, 2017. Whereas decrease in life revenue account for Jan-September, 2018 was Tk. 3,714.96 million with total life insurance fund of Tk. 19,151.78 million as against decrease in Tk. 1,388.75 million and Tk. 23,664.30 million respectively for the same period of previous year.
- Decision to purchase Land
The Company has informed that the Board of Directors has decided to purchase 5.10 decimal land including 3 storied 1 building situated at Satkhira with total price amounting to Tk. 18,000,000.00 approx. (only)
- 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, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend warrants for the year ended on December 31, 2017 to the respective shareholders' address.
- Sale confirmation of a Sponsor
Mr. Syed Zahrul Huq, one of the Sponsors of the Company, has further reported that he has completed sale of 19,631 shares of the company at prevailing market price through Stock Exchange as per declaration disseminated on 24.09.2018.
- Sale Declaration of a Sponsor
Mr. Syed Zahrul Huq, one of the Sponsors of the Company, has expressed his intention to sell 19,631 shares out of his total holding of 39,631 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within October 31, 2018.
- Query Response
In response to a DSE query dated September 11, 2018, 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.
- Credit Rating Result
National Credit Ratings Limited (NCR) has announced the Surveillance Insurers Financial Strength rating of the Company as "AA+" in the long term and "ST-1" in the short term based on audited financial statements of the Company of December 31, 2017.
- Sale Confirmation of a Sponsor
Mr. Syed Zahrul Huq, one of the Sponsors of the Company, has further reported that he has completed his sale of 2,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale Declaration of a Sponsor
Mr. Syed Zahrul Huq, one of the Sponsors of the Company, has expressed his intention to sell 2,000 shares out of his total holding of 41,631 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Sale confirmation of a Sponsor
Engr. M. A. Rashid, one of the Sponsors of the Company, has further reported that he has completed his sale of 1,25,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Q2 Financials
(Q2 Un-audited): Decrease in life revenue account for Apr-June, 2018 was Tk. 1,406.33 million with total life insurance fund of Tk. 21,460.41 million as against increase in Tk. 267.61 million and Tk. 25,320.66 million respectively for the same period of the previous year. Decrease in life revenue account for Jan-June, 2018 was Tk. 2,735.01 million with total life insurance fund of Tk. 20,131.73 million as against Tk. 641.20 million and Tk. 24,411.85 million respectively for same period of previous year.
- Resumption after record date
Trading of the shares of the Company will resume on 25.07.2018 after record date.
- Sale declaration of a Sponsor
Engr. M. A. Rashid, one of the Sponsors of the Company, has expressed his intention to sell 1,25,000 shares out of his total holding of 2,44,168 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange (DSE) within next 30 working days.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 24.07.2018.
- 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 25, 2018 at 4:00 PM to consider, among others, unaudited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 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 with cum benefit from 22.07.2018 to 23.07.2018. Trading of the shares of the Company will remain suspended on record date i.e., 24.07.2018.
- Dividend Declaration
The Board of Directors has recommended 40% cash dividend for the year ended on December 31, 2017. Date of AGM: 27.08.2018, Time: 12:00 noon, Venue: FARS Hotel & Resorts, 212, Shahid Syed Nazrul Islam Sharani, Purana Paltan, Dhaka-1000. Record Date: 24.07.2018. The Company has also reported EPS of Tk. 4.27, NAV per share of Tk. 80.52 and NOCFPS of Tk. (51.17) for the year ended on December 31, 2017 as against Tk. 4.02, Tk. 70.06 and Tk. (81.04) 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 (28.06.2018) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Decrease in life revenue account for Jan- March, 2018 was Tk. 1,331.29 million with total life insurance fund of Tk. 21,535.45 million as against decrease in life revenue account of Tk. 1,019.32 million with total life insurance fund of Tk. 24,033.72 million respectively for the same period of the previous year.
- 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 June 27, 2018 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, 2018.
- 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 June 27, 2018 at 4:00 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 June 12, 2018, 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.
- Enquiry Committee formation by BSEC
BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into recent unusual movement in price and volume of shares of Popular Life Insurance Company Limited in the Stock Exchanges (Ref: BSEC Order No. BSEC/Surveillance/2017-0895/18 dated April 23, 2018).
- Query Response
In response to a DSE query dated April 11, 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.