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 2016 (23).
- Commencement of Trial Operation of River Terminal
The Company has informed that, after completing the facilities and obtaining required regulatory permissions, they have commenced trial operation of its River Terminal, located at Muktarpur on the bank of river Dhaleshwari in the district of Munshiganj, by transporting a full container load or export cargo, duly stuffed and sealed after completing customs formalities to Chittagong port for onward shipment to ultimate destination of the cargo.
- Opening Regional Office in Singapore
The Company has informed that the Board of Directors has approved opening an office of the Company in Singapore and adopted the following resolution: "In order to maintain close liaison with the company's international clients, both existing and potential, having their respective regional office in Singapore as well as to explore new opportunities in different geographical locations within the region, the Board felt it necessary to have presence of the Company in Singapore and resolved to form a 100% owned subsidiary subject to compliance of required regulatory formalities, as applicable, of both Bangladesh and Singapore
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.14 for July-September, 2016 as against Tk. 0.14 for July-September, 2015; Consolidated NOCFPS was Tk. (0.01) for July-September, 2016 as against Tk. 0.31 for July-September, 2015. Consolidated NAV per share was Tk. 24.48 as of September 30, 2016 and Tk. 24.34 as of June 30, 2016.
- 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 November 14, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- 6 Months audited
The Company has informed that the Board of Directors has approved the six months audited accounts (Jan-June 2016) of the Company: Consolidated EPS for 6 months period was Tk. 0.44 for Jan-June 2016 as against Tk. 0.46 (Tk. 0.35 restated) for Jan-June 2015; Consolidated NOCFPS was Tk. 0.45 for Jan-June, 2016 as against Tk. 0.62 (Tk. 0.48 restated) for Jan-June, 2015. Consolidated NAV per share was Tk. 24.00 as of June 30, 2016 and Tk. 28.00 (Tk. 22.00 restated) as of December 31, 2015.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2015 to the respective shareholders' BO Accounts on June 06, 2016.
- Change of AGM
With reference to their earlier news (disseminated by DSE on 23.02.2016), regarding declaration of dividend and AGM, the Company has further informed that the 12th AGM, which was scheduled to be held on May 21, 2016, has been postponed due to inclement weather. The said AGM will now be held on May 28, 2016 at 11:00 AM at Summit Alliance Port Depot (West), Katghar, South Patenga, Chittagong-4204. All other information of the AGM will remain unchanged.
- Unaudited Financial Information
Consolidated EPS was Tk. 0.28 for January-March, 2016 as against Tk. 0.26 for January-March, 2015. Consolidated NOCFPS was Tk. 0.36 for January-March, 2016 as against Tk. 0.34 for January-March, 2015. Consolidated NAV per share was Tk. 28.00 as of March 31, 2016 and Tk. 28.00 as of December 31, 2015.
- 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 May 15, 2016 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Address Change
The Company has informed that the Corporate Office of the Company has been shifted to the new address at The Alliance Building (8th Floor), 63 Pragati Sharani, Baridhara, Dhaka-1212.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of the Company as "A1" along with a stable outlook based on audited financial statements up to December 31, 2015; bank liability position as on December 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 22.03.2016 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 21.03.2016.
- Spot for AGM
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 16.03.2016 to 20.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 21.03.2016.
- Dividend Declaration
The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2015. Date of AGM: 21.05.2016, Time: 11:00 AM, Venue: Summit Alliance Port Depot (West), Katghar, South Patenga, Chittagong-4204. Record Date: 21.03.2016. The Company has also reported EPS of Tk. 0.87, NAV per share of Tk. 28.00 and NOCFPS of Tk. 1.38 for the year ended on December 31, 2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.02.2016) following its corporate declaration.
- Reschedule of Board Meeting
The Company has further informed that the meeting of the Board of Directors of the Company will now be held on February 22, 2016 at 3:00 PM instead of 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 16.02.2016 after record date for entitlement of Rights share.
- Board Meeting
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 February 22, 2016 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Suspension for Record Date of Rights entitlement
Trading of the shares of the Company will remain suspended on record date i.e., 15.02.2016 for entitlement of Rights share.
- Record date for Rights
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 the entitlement of Rights shares from 11.02.2016 to 14.02.2016. Trading of the shares of the Company will remain suspended on record date i.e., 15.02.2016.
- Record date for Rights Issuance
The Company has further informed that the subscription period for rights issue will be from 30.03.2016 to 21.04.2016. Record date for entitlement of rights share: 15.02.2016.
- Approval of BSEC for issuing Rights Shares
The Company has informed that BSEC has approved the Rights offer for raising capital through issuance of 34,352,466 ordinary shares as rights shares of Tk. 10.00 each issuing at Tk. 15.00 each, including a premium of Tk. 5.00 per share totaling Tk. 515,286,990.00 at a ratio of 1R:5 subject to the condition that the Company shall comply with the requirements embodied in the Rules and other relevant laws and regulatory requirements, and shall also adhere to the conditions imposed the Securities and Exchange Ordinance, 1969. The purpose of the rights issuance is to purchase of land and pay off part of existing loan of the Company.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.