Summit Alliance Port Limited announcements
350 Dhaka Stock Exchange announcements for Summit Alliance Port Limited (SAPORTL) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (36).
- Land purchase
The Company has informed that they have purchased 1,167 decimal of land in favor of the company at Mukhterpur, adjacent to the river terminal. The land shall be used for expansion of the facilities of the river terminal to cater to the increased demand. The consideration price of the land, as approved by the Board, is Tk. 490.00 million.
- Q3
Consolidated EPS was Tk. 0.17 for July-September, 2015 as against Tk. 0.19 for July-September, 2014; Consolidated EPS was Tk. 0.62 for January-September, 2015 as against Tk. 0.61 for January-September, 2014. Consolidated NOCFPS was Tk. 0.95 for January-September, 2015 as against Tk. 1.60 for January-September, 2014. Consolidated NAV per share was Tk. 28.58 as of September 30, 2015 and Tk. 40.27 as of December 31, 2014.
- 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 October 31, 2015 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- H/Y Financials
The Company has further informed that they have audited their half yearly financial statements for the period ended on 30th June, 2015. Consolidated EPS for Jan-June, 2015 was Tk. 0.46 as against Tk. 0.41 for Jan-June, 2014. Consolidated NOCFPS was Tk. 0.57 for Jan-June, 2015 as against Tk. 1.28 for Jan-June, 2014. Consolidated NAV per share was Tk. 28.00 as of June 30, 2015 and Tk. 40.00 as of December 31, 2014.
- Q2 Financials
Consolidated EPS for Jan-June, 2015 was Tk. 0.45 as against Tk. 0.43 for Jan-June, 2014. Consolidated EPS for April-June, 2015 was Tk. 0.20 as against Tk. 0.19 for April-June, 2014. Consolidated NOCFPS was Tk. 0.61 for Jan-June, 2015 as against Tk. 0.95 for Jan-June, 2014. Consolidated NAV per share was Tk. 32.36 as of June 30, 2015 and Tk. 42.28 as of December 31, 2014.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 12.07.2015 after record date for EGM.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 09.07.2015 for EGM only. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Change of EGM Venue
The Company has further informed that the Venue of the EGM of the Company has been shifted from Krishibid Institution Complex Bangladesh (KIB), Krishi Khamar Sarak, (Khamarbari) Farmgate, Dhaka-1215 to Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka-1000. The Date and time of the EGM will remain unchanged.
- Spot News for EGM
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 07.07.2015 to 08.07.2015. Trading of the shares of the Company will remain suspended on record date i.e., 09.07.2015 for EGM only. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Changing issue price of right shares
The Company has informed that, the Board of Directors has revised its earlier decision regarding issuance of right share @ Tk. 25.00 per share. It has now been resolved that, subject to approval of shareholders in the general meeting and that of regulatory authorities, rights share shall be issued at a price of Tk. 15.00 each, including premium of Tk. 5.00 per share in the ratio of 1R:5 sharesheld on the record date to be disseminated in due course in terms of the conditions of the permission to be received for Rights issue from BSEC. Date and time of EGM: 30.07.2015 and 11:00 AM respectively. Venue of the EGM: Krishibid Institute Complex Bangladesh (KIB), KrishiKhamar Sarak (Khamarbari), Farmgate, Dhaka-1215. Record Date for EGM: 09.07.2015.
- Board approval on FC loan from FMO and IDCOL
The Company has informed that the Board of Directors has approved the draft of the ÂTerm Facility Agreement for obtaining foreign currency loan equivalent to USD 30.51 million from NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (FMO) and INFRASTRUCTURAL DEVELOPMENT COMPANY LIMITED (IDCOL), at annual interest rate of LIBOR plus 4.25% to finance the river terminal project of the company. It has further informed that, the Term Facility Agreement has been finalized and already executed.
- Confirmation of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has further reported that it has completed sale of its entire holding of 45,87,833 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Confirmation of Sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 3,93,591 shares at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell its entire holding of 45,87,833 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- Declaration of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell 3,93,591 shares out of its total holding of 49,81,424 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- 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.<br>
- Q1 Financials
(Q1 Un-audited): Consolidated Net Profit after tax (excluding non controlling interest) from Jan15 to March15 was Tk. 42.73 million with consolidated EPS of Tk. 0.25 as against Tk. 40.97 million and Tk. 0.24 respectively for the same period of the previous year.
- Cash dividend warrants dispatched
The Company has informed that Cash dividend warrants of the Company for the year ended on December 31, 2014 have been dispatched to the Shareholders through Courier Service.
- Completing Directors shares to her nominees
The Company has further informed that 35, 24,102 shares of Late Sobera Ahmed Rizvi, Director of the Company, has been equally transmitted (i.e. 17,62,051 shares each) to her 2 sons (nominees) Syed Yasser Haider Rizvi and Syed Nasser Haider Rizvi, both of them are Nominated Directors of Alliance Holdings Limited as announced earlier.
- Transmission of Deceased Director's shares to her nominees
The Company has informed that Sobera Ahmed Rizvi, Director of the Company passed away on 03.08.2013. Her holding is 35, 24,102 shares. These shares will be transmitted equally (i.e. 17,62,051 shares each) to her 2 sons (nominees) Syed Yasser Haider Rizvi and Syed Nasser Haider Rizvi, both are Nominated Directors of Alliance Holdings Limited.
- Confirmation of Sale by Corporate Sponsors
Alliance Holdings Limited and Summit Industrial & Mercantile Corporation (Pvt.) Ltd. , both are Corporate Sponsors of the Company, have further reported that they have completed their sale of 15,00,000 shares each at prevailing market price through Stock Exchange as announced earlier.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts on March 22, 2015 except fractional shares. The payment of the sale proceeds of fractional shares together with 10% cash dividend distribution schedule will be notified later.
- Special resolution resolved in the AGM
The Company has sent minutes of its 11th AGM held on March 14, 2015 to DSE from which it has been revealed that the shareholders of the Company have resolved as a special resolution that the authorized capital of the Company to be increased from Tk. 2,000.00 million to Tk. 3,000.00 million as well as necessary amendments shall be made to Clause V of the Memorandum of Association and Article 5 of the Articles of Association of the Company.
- Confirmation of Sale by Corporate Sponsors
Alliance Holdings Limited and Summit Industrial & Mercantile Corporation (Pvt.) Ltd. , both are Corporate Sponsors of the Company, have further reported that they have completed their sale of 15,00,000 shares each at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell 15,00,000 shares out of its total holdings of 61,27,833 shares of the Company at prevailing market price through Stock Exchange within next 30 working days. Alliance Holdings Limited, one of the Corporate Sponsors of the Company, has expressed its intention to sell 15,00,000 shares out of its total holding of 3,99,63,492 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Confirmation of Sale by Corporate Sponsors
Alliance Holdings Limited and Summit Industrial & Mercantile Corporation (Pvt.) Ltd. , both are Corporate Sponsors of the Company, have further reported that they have completed their sale of 7,88,700 shares and 8,85,000 shares respectively at prevailing market price through Stock Exchange as announced earlier.
- Credit Rating
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of the Company as A1 with a stable outlook based on audited financial statements up to December 31, 2014, bank liability position as on January 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Declaration of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell 15,00,000 shares out of its total holding of 75,87,833 shares of the Company at prevailing market price through Stock Exchange within next 30 working days. Alliance Holdings Limited, one of the Corporate Sponsors of the Company, has expressed its intention to sell 15,00,000 shares out of its total holding of 3,70,80,767 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 19.02.2015 after record date.<br>
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 18.02.2015. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Declaration of sale by Corporate Sponsor
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the Corporate Sponsors of the Company, has expressed its intention to sell 8,85,000 shares out of its total holding of 84,72,833 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Spot News for AGM
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 16.02.2015 to 17.02.2015. Trading of the shares of the Company will remain suspended on record date i.e., 18.02.2015. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Declaration of sale by Corporate Sponsors
Alliance Holdings Limited, one of the Corporate Sponsors of the Company, has expressed its intention to sell 7,88,700 shares out of its total holding of 3,78,69,467 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend and 5% stock dividend for the year ended on December 31, 2014. The Board has also decided to issue Rights shares at the rate of 1R:5 (i.e. one Rights share for five shares held) at an issue price of Tk. 25.00 each including premium of Tk. 15.00 per share subject to approval of shareholders and regulatory authorities. Date of AGM: 14.03.2015, Time: 10:30 AM,Venue: Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka-1000. Record Date: 18.02.2015. The Company has also reported EPS of Tk. 0.82, NAV per share of Tk. 42.29 and NOCFPS of Tk. 1.91 for the year ended on December 31, 2014. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.02.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
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 08, 2015 at 3:00 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.