Pragati Insurance PLC. announcements
311 Dhaka Stock Exchange announcements for Pragati Insurance PLC. (PRAGATIINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (20).
- (Q3 Un-audited): EPS was Tk. 0.36 for July-September 2023 as against Tk. 1.67 (Restated) for July-September 2022; EPS wa
(Q3 Un-audited): EPS was Tk. 0.36 for July-September 2023 as against Tk. 1.67 (Restated) for July-September 2022; EPS was Tk. 3.01 for January-September 2023 as against Tk. 4.63 (Restated) for January-September 2022. NOCFPS was Tk. (2.52) for January-September 2023 as against Tk. 4.85 (Restated) for January-September 2022. NAV per share was Tk. 56.69 as on September 30, 2023 and Tk. 59.01 as on December 31, 2022. (cont.)
- Q3 Financials
(Continuation news of PRAGATIINS): Reasons for Deviations in EPS and NAVPS: EPS has been decreased due to a decline in premium income and an increase in claims. NAVPS has been decreased due to issuance of new shares through stock dividend, which increased the paid-up capital. This issuance of new shares led to a dilution of existing shareholders' ownership. (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 October 31, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- National Credit Ratings Limited has assigned the Surveillance entity rating of the Company as \"AAA\" in the long term a
National Credit Ratings Limited has assigned the Surveillance entity rating of the Company as \"AAA\" in the long term and \"ST-1\" in the short term along with Stable outlook based on audited financial statements as on December 31, 2022.
- Appointment of CEO
The Company has informed that the Board of Directors has appointed Mr. Syed Sehab Ullah Al-Manjur, ACII as Chief Executive Officer of the company and the appointment was approved by Insurance Development and Regulatory Authority (IDRA).
- Board decision regarding investment in proposed Digital Bank
The company has informed that the Board of Directors of the Company has decided to invest 10% equivalent to Tk. 12.50 crore (Taka Twelve Crore Fifty Lacs) only of the paid-up capital of the proposed Pragati Digital Bank, PLC subject to the approval of concerned authorities.
- Dividend Disbursement
The company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders for the year ended December 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.46 for April-June 2023 as against Tk. 1.81 (restated) for April-June 2022; EPS was Tk. 2.65 for January-June 2023 as against Tk. 3.02 (restated) for January-June 2022. NOCFPS was Tk. 1.85 for January-June 2023 as against Tk. 3.54 (restated) for January-June 2022. NAV per share was Tk. 56.74 as on June 30, 2023 and Tk. 59.01 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 15, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.25 for January-March 2023 as against Tk. 1.27 for January-March 2022. NOCFPS was Tk. 1.72 for January-March 2023 as against Tk. 1.86 for January-March 2022. NAV per share was Tk. 60.07 as on March 31, 2023 and Tk. 59.01 as on December 31, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 11.05.2023.
- 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 May 14, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- Suspension for record date
Trading of the shares of the company will be suspended on record date i.e., 10.05.2023.
- 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 08.05.2023 to 09.05.2023 and trading of the shares will remain suspended on record date i.e., 10.05.2023.
- Share Transmission of Deceased Sponsor among his successors
The Company has informed that Capt. Imam Anwar Hossain, one of the sponsors of the company passed away on 07.01.2021. 83,640 shares out of his total holding of 703,165 shares of the company will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
- (Continuation news of PRAGATIINS): c) The bonus shares have not been declared from capital reserve or revaluation reserv
(Continuation news of PRAGATIINS): c) The bonus shares have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company and in no way the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended 25% Cash and 5% Stock dividend for the year ended December 31, 2022. Date of AGM: 08.06.2023, Time: 11:30 AM, Venue: Digital Platform. Record Date: 10.05.2023. The Company has also reported EPS of Tk. 5.65, NAV per share of Tk. 59.01 and NOCFPS of Tk. 6.84 for the year ended December 31, 2022 as against Tk. 5.72, Tk. 57.32 and Tk. 12.09 respectively for the year ended December 31, 2021.
- Dividend Declaration (Additional Information)
The company has further informed the reasons for recommending stock dividend: a) Bonus shares have been declared to increase the paid-up capital of the company which will strengthen its financial status both in Bangladesh and global Insurance market; b) Bonus shares have been declared out of accumulated profit or retained earnings; (cont.)
- 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 06, 2023 at 2:30 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.