RAK Ceramics (Bangladesh) Limited announcements
303 Dhaka Stock Exchange announcements for RAK Ceramics (Bangladesh) Limited (RAKCERAMIC) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (26).
- Confirmation of sale by a Corporate Sponsor
RAK Ceramics PSC, UAE, one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 5,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Confirmation of sale by a Sponsor/Director
S.A.K. Ekramuzzaman, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 20,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Q3 Financials
Consolidated EPS was Tk. 0.53 for July-September, 2015 as against Tk. 0.38 for July-September, 2014; Consolidated EPS was Tk. 1.78 for January-September, 2015 as against Tk. 1.26 for January-September, 2014. Consolidated NOCFPS was Tk. 1.81 for January-September, 2015 as against Tk. 1.57 for January-September, 2014. Consolidated NAV per share was Tk. 16.85 as of September 30, 2015 and Tk. 17.16 as of September 30, 2014.
- Declaration of sale by a Corporate Sponsor
RAK Ceramics PSC, UAE, one of the Corporate Sponsors of the Company, has expressed its intention to sell 5,00,000 shares out of its total holding of 24,19,10,021 shares of the Company at prevailing market price through Stock Exchange within October 29, 2015.
- Board Meeting schedule
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 20, 2015 at 8:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Declaration of sale by a Sponsor/Director
S.A.K. Ekramuzzaman, one of the Sponsors/Directors of the Company, has expressed his intention to sell 20,00,000 shares out of his total holding of 1,62,11,985 shares of the Company at prevailing market price through Stock Exchange within October 29, 2015.
- Declaration of sale by a Corporate Sponsor
RAK Ceramics PSC, UAE, one of the Corporate Sponsors of the Company, has expressed its intention to sell 20,00,000 shares out of its total holding of 2,43,910,021 shares of the Company at prevailing market price through Stock Exchange within October 29, 2015.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 18.08.2015 after record date for EGM .
- Suspension News for Record Date for EGM
Trading of the shares of the Company will remain suspended on record date i.e., 17.08.2015 for EGM.
- 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 13.08.2015 to 16.08.2015. Trading of the shares of the Company will remain suspended on record date i.e., 17.08.2015 for EGM.
- Half Yearly Financials
Consolidated Profit after tax (excluding non-controlling interests) from Jan-15 to June-15 was Tk. 421.60 million with consolidated EPS of Tk. 1.25 as against Tk. 297.79 million and Tk. 0.88 respectively for the same period of the previous year. Whereas consolidated Profit after tax (excluding non-controlling interests) from April-15 to June-15 was Tk. 188.45 million with consolidated EPS of Tk. 0.56 as against Tk. 121.32 million and Tk. 0.36 respectively for the same period of the previous year.
- EGM for financial related matters
The Company has informed that the Board of Directors has decided to hold an EGM to resolve among others the following decisions: 1.The equity investment in RAK Power Pvt. Ltd. shall be increased from the existing 57% to 100% through purchase of 881,500 number of ordinary shares of BDT 100/- each from all the other shareholders of RAK Power Pvt. Ltd. [Subsidiary of RAK Ceramics (Bangladesh) Limited] @ BDT 255/- per share totaling to BDT 224,782,500/- only subject to the approval of the shareholders and concerned authorities, for the interest of the business of the Company.2.The equity investment in RAK Security and Services Pvt. Ltd. shall be increased from the existing 35% to 100% through purchase of 6,500 number of ordinary shares of BDT 100/- each from all the other shareholders of RAK Security and Services Pvt. Ltd. [Associate of RAK Ceramics (Bangladesh) Ltd.]@ BDT 2,875/- per share totaling to BDT 18,687,500/ - only subject to the approval of the shareholders and concerned authorities, for the interest of the business of the Company. 3.The entire shareholding i.e. 2,467,500 numbers of ordinary share of BDT 100/- each (47% of the paid up capital) of RAK Paints (Pvt.) Ltd. held by RAK Ceramics (Bangladesh) Limited shall be sold to Mr. S.A.K. Ekramuzzaman [The Managing Director of RAK Ceramics (Bangladesh) Limited and existing shareholders of RAK Paints (Pvt.) Ltd.] @ BDT 90/- per share totaling to BDT 222,075,000/- only subject to allotment of shares against share money deposit, approval of the shareholders and concerned authorities for the interest of the business of the Company. Date of EGM: 20.09.2015,Time:10:30 AM, Venue: International Conventiion City, Bashundhara (Pushpoguscho), Joarshahara, Purbanchal Link Road, Khilkhet, Dhaka-1229. Record date: 17.08.2015.
- Query Response
In response to a DSE query dated May 19, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Cash Dividend Disbursement
The Company has informed that the cash dividend for the year 2014 has been transferred to the respective shareholders bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) system. The dividend warrants 2014 for NRB shareholders is being distributed from May 05, 2015 from Share Section of the Head office of the Company.
- Q1
Consolidated Net Profit after (excluding non-controlling interest) from Jan15 to March15 was Tk. 233.16 million with consolidated EPS of Tk. 0.69 as against Tk. 176.47 million and Tk. 0.52 respectively for the same period of the previous year.
- Rescheduling of EGM and AGM
The Company has further informed that, the board of directors of the company has approved the audited revised standalone financial statements of the company for the year ended on 31.12.2014. There are grounds not to restate the audited consolidated financial statements of the company for the year ended on 31.12.2014. Hence the significant features of the financial statements of the company disclosed on 03.02. 2015 based on the audited consolidated financial statements for the year ended on 31.12. 2014 shall remain unchanged. The revised date, time and venue of the AGM and EGM of the company will be as follows: Date: 20.04.2015, Time of EGM and AGM: 10:00 AM and 10:30 AM respectively, Venue: International Convention City, Bashundhara (Pushpoguscho), Joarshahara, Purbachal Link Road, Khilkhet, Dhaka-1229. Other information involving the declared dividend and Record date of the Company will remain unchanged.
- Board Meeting schedule under LR 30
As per Regulation 30 of DSE Listing Regulations, the Company has further informed that a meeting of the Board of Directors will be held on March 24, 2015 at 08:30 PM to consider, among others, the following agenda:1. To consider and approve the revised standalone financial statements of the company for the year ended December 31, 2014.2. To consider and reschedule the date, time and venue for convening the 16th AGM and EGM.
- Postponement of the 16th AGM and EGM of the Company
The Company has further informed that, due to unavoidable circumstances the 16th AGM and EGM which were scheduled to be held on March 25, 2015 has been postponed. The date, time and venue of the AGM & EGM will be notified later.
- Auditor's Opinion
The Company has informed that Rahman Rahman Huq, Chartered Accountants (Statutory Auditor of the Company), have requested to withdraw and revise the Financial Statements (standalone) of the Company for the year ended 31.12.2014, by addressing the financial impact regarding writing off portion of the loan given to RAK Pharmaceuticals Pvt. Ltd. and unrealized interest thereof (News disseminated by DSE on 26.02.2015). They have also stated that there are no grounds to restate the consolidated financial statements of the Company for the year ended 31.12.2014.
- Settlement and write off of loan
The Company has informed that the board of directors approved, subject to the approval of the shareholders, the offer of RAK Pharmaceuticals Pvt. Ltd. to settle the long outstanding loan given by the Company of an amount of BDT 500,000,000 and interest of BDT 334,665,468 thereof as on February 18, 2015 totaling to BDT 834,665,468 in consideration of the final settlement of an amount of BDT 44,118,000 in cash and transferring the title of the corporate office of RAK Pharmaceuticals Pvt. Ltd. measuring 8,075.92 sft. at the 10th floor of RAK Tower, 1/A Jasimuddin Avenue, Sector-3, Uttara Model Town, Dhaka-1230 (the present fair value of the corporate office of RAK Pharmaceuticals Pvt. Ltd. is BDT 201,898,000 as determined by an independent valuer). The Company has also informed that, subject to the approval of the shareholders, the Board also decided to write off the balance irrecoverable loan of BDT 253,984,000 and unrealized interest of BDT 334,665,468 totaling to BDT 588,649,468 as Investment Loss and Interest Loss on Investment respectively totaling to BDT 588,649,468 in the books of the company for the interest of the business of the Company.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 18.02.2015 after record date for EGM and AGM.
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.02.2015 for EGM and AGM.
- Spot News for AGM and EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per spot settlement cycle with cum benefit from 15.02.2015 to 16.02.2015. Trading of the shares of the Company will remain suspended on record date i.e., 17.02.2015 for AGM and EGM.
- Dividend Declaration
The Board of Directors has recommended 25% cash dividend for the year ended on December 31, 2014. The Company has further informed the following:1. The entire shareholding i.e. 1,92,500 number of ordinary shares of BDT 100/- each of RAK-MOSFLY (Bangladesh) Pvt. Ltd. held by RAK Ceramics (Bangladesh) Limited [Associate of RAK Ceramics (Bangladesh) Limited be sold to Dr. M.A. Malek [ existing shareholder of RAK-MOSFLY (Bangladesh) Pvt. Ltd. BDT 100/- per share totaling to BDT 1,92,50,000/- only subject to approval by the concerned authorities. 2. The Board has also decided that amendment /alteration of Article -90 of the Article of Association of the company regarding the Board meeting attendance fee of the Directors subject to the approval by the shareholders in the EGM. 3. Addition a new Article, Article-106A after the Article -106 of the Article of Association of the Company for holding of the meeting of the Board of Directors and/or committee of Directors meeting by using modern communication means such as telephonic conference calls or video conferencing subject to the approval by the shareholders in the EGM. Date of EGM and AGM: 25.03.2015, Time of EGM and AGM: 10:00 AM and 10:30 AM respectively, Venue: International Convention City, Bashundhara (Pushpoguscho), Joarshahara, Purbachal Link Road, Khilkhet, Dhaka-1229. Record date: 17.02.2015. The Company has also reported net profit after tax of Tk. 562.79 million, EPS of Tk. 1.67, NAV per share of Tk. 17.57 and NOCFPS of Tk. 1.84 for the year ended on December 31, 2014 as against Tk. 682.41 million, Tk. 2.03 (restated), Tk. 18.99 and Tk. 2.66 (restated) respectively for the year ended on December 31, 2013.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.02.2015) following its corporate declaration.
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on February 03, 2015 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.