Sea Pearl Beach Resort & Spa Limited announcements
133 Dhaka Stock Exchange announcements for Sea Pearl Beach Resort & Spa Limited (SEAPEARL) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (51).
- Trading of the shares of the company will resume on 03.12.2023.
Trading of the shares of the company will resume on 03.12.2023.
- Trading of the shares of the company will remain suspended on record date i.e., 30.11.2023.
Trading of the shares of the company will remain suspended on record date i.e., 30.11.2023.
- Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled
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 28.11.2023 to 29.11.2023 and trading of the shares will remain suspended on record date i.e., 30.11.2023 for AGM and conversion of Convertible Secured Bond to Ordinary Shares.
- The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraph in the Auditor\'s Report
The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraph in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/2.SEAPEARL.pdf
- With reference to the conversion of SPBRSL 20\% Convertible Secured Bond, the company has informed that it has received
With reference to the conversion of SPBRSL 20\% Convertible Secured Bond, the company has informed that it has received a letter from Investment Corporation Bangladesh (ICB) requesting the conversion of BDT 120 crore into ordinary shares (according to the terms and condition stated in serial 02 of the sanction letter dated 20th June 2017) at the strike price as specified in their letter dated 22 October 2023 and also the letter (cont.1)
- (Continuation news of SEAPEARL): from the trustee dated 05th November 2023 for obtaining necessary approval from regulat
(Continuation news of SEAPEARL): from the trustee dated 05th November 2023 for obtaining necessary approval from regulatory body(ies) where necessary. In response to this request, the Board of Directors, during their 83rd meeting on November 8, 2023, has approved the conversion of BDT 120 crore into the company\'s paid-up capital in accordance with the terms and conditions and compliance outlined in ICB\'s letter subject to approval of (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): Bangladesh Securities and Exchange Commission (BSEC), and Shareholders in Annual Genera
(Continuation news of SEAPEARL): Bangladesh Securities and Exchange Commission (BSEC), and Shareholders in Annual General Meeting (AGM). As a result, the company\'s paid-up capital will be increased. This conversion will lead to a reduction in the company\'s debt burden by TK. 120 crore, resulting in savings in financial expenses of BDT 12 crore (approximately) per year. It\'s worth noting that this conversion may result in dilution. (cont.3)
The first part of this announcement is missing from the archive. - Regarding conversion of Convertible Secured Bond to Ordinary Shares
(Continuation news of SEAPEARL): The company has also informed that this strategic move will reduce the company's debt burden and will strengthen Sea Pearl Beach Resort and Spa Limited's financial position significantly, enhancing their overall performance in the long run. Particulars of record date and AGM date and time are as follows: Date of AGM: 26.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 30.11.2023. (end)
The first part of this announcement is missing from the archive. - Regarding resignation and appointment of CEO
The Company has informed that the Board of Directors of the company has approved the resignation of Mr. Anisul Kabir, Chief Executive Officer of the Company effective from October 31, 2023. Moreover, the Board has also appointed Mr. Md. Safiqul Islam as Chief Executive Officer of the Company, who will hold the office of CEO from November 01, 2023.
- The Board of Directors has recommended 17\% cash dividend to general shareholder excluding sponsor and director out of t
The Board of Directors has recommended 17\% cash dividend to general shareholder excluding sponsor and director out of the distributable profit of the company for the year ended June 30, 2023. The Sponsors/Directors hold 56,550,900 shares out of total 120,750,000 shares of the Company and Tk. 109,138,470.00 is payable to the general shareholders as cash dividend. Date of AGM: 26.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 30.11.2023. (cont.1)
- (Continuation news of SEAPEARL): The Company has also reported EPS of Tk. 5.81, NAV per share of Tk. 16.82 and NOCFPS of
(Continuation news of SEAPEARL): The Company has also reported EPS of Tk. 5.81, NAV per share of Tk. 16.82 and NOCFPS of Tk. 8.27 for the year ended June 30, 2023 as against Tk. 1.34, Tk. 11.77 and Tk. 3.48 respectively for the year ended June 30, 2022. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has been increased for improvement
(Continuation news of SEAPEARL): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has been increased for improvement of COVID situation, achieved increased revenue due to higher utilization of hotel guest room, full fazed operation of water park, cruise ship revenue, comparative better revenue performance of Non AC restaurant, Share of profit from associate and other activities. (cont.3)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.62 for July-September 2023 as against Tk. 1.27 for July-September 2022. NOCFPS was Tk. 3.69 for July-September 2023 as against Tk. 2.43 for July-September 2022. NAV per share was Tk. 18.39 as on September 30, 2023 and Tk. 16.82 as on June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of SEAPEARL): Net Operating Cash Inflow per share (NOCFPS) has been increased by Tk. 4.79 due to the increase in revenue. NAVPS of the Company has been increased as the Company achieved Net Profit of Tk. 701,161,725.00 during the reporting year. (end)
The first part of this announcement is missing from the archive. - Refer to BSEC letter No. SEC/SRIC/148/2019-326, dated October 18, 2023 which reads as follows: \"This refers to the lett
Refer to BSEC letter No. SEC/SRIC/148/2019-326, dated October 18, 2023 which reads as follows: \"This refers to the letter reference no. nil dated: October 02, 2023 regarding above subject. In this connection, the undersigned is directed to inform you that the Commission has accorded its consent to the proposal of the sellers (Bengal Vacation Club Ltd holds 11,940,296 shares, Venus Builders Limited holds 2,637,961 shares, Kalam Hossain holds nil share (cont.1)
- (Cont. news of SEAPEARL): and Saiful Islam holds 1,666,309 share of sea pearl and sellers combinedly hold 16,244,566 sha
(Cont. news of SEAPEARL): and Saiful Islam holds 1,666,309 share of sea pearl and sellers combinedly hold 16,244,566 shares of sea pearl) to execute the proposed transactions/sales at multiple tranches as per Share Purchase Agreement (SPA) through outside trading system of Stock Exchange(s) following the provision of Clause 11.6 (Match Transaction of CDBL Bye Laws under the Bidhi 42 of the Depository (Beboharik) Probidhanmala, 2003 (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): subject to the following conditions and compliances: a) Buyer (GEM Global Yield LLC SCS) and s
(Cont. news of SEAPEARL): subject to the following conditions and compliances: a) Buyer (GEM Global Yield LLC SCS) and sellers shall submit Off Market Transfer Request Form under CDBL Bye Laws 11.6 duly filled and signed by them with relevant documents at the time of purchase notice/sale intimation and in case of failure of payment by the investor excess share return to the sellers is also subject to the compliance of this process; (cont.3)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): b) The seller will give prior notice (disclosure as per the Dhaka Stock Exchange (Listing) Reg
(Cont. news of SEAPEARL): b) The seller will give prior notice (disclosure as per the Dhaka Stock Exchange (Listing) Regulations, 2015/Chittagong Stock Exchange (Listing) Regulations, 2015, if requires) to the Commission and Stock Exchange(s) mentioning the intended quantity of shares at every tranche and pay applicable tax as per provisions of Income Tax Act, 2023; c) The settlement price of these intended quantity of shares at every tranche shall be at negotiated price as per SPA. (cont.4)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): However, the floor price shall be the weighted average market price of previous 02 (two) month
(Cont. news of SEAPEARL): However, the floor price shall be the weighted average market price of previous 02 (two) month from the effective date of purchase notice which may be varied up to 10\% upper or lower from the weighted average market price; d) The proposed transactions or sales through off market transactions shall be completed by four tranches within one year from the date of approval; e) The sellers will ensure the delivery of intended/sold shares (cont.5)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): as per mode/conditions of settlement of SPA: f) All clearing and settlement through DPs will b
(Cont. news of SEAPEARL): as per mode/conditions of settlement of SPA: f) All clearing and settlement through DPs will be ensured by the sellers and buyer at their discretion and own risk; g) Repatriation of the funds against these sale proceeds shall be subject to compliance with foreign exchange regulations; h) Before starting the execution of these transactions, both the buyer and sellers under SPA shall intimate to the Commission about their custodian detailed information; (cont.6)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): i) Any fund from custodian account of this client (buyer) against these proceeds/sales shall n
(Cont. news of SEAPEARL): i) Any fund from custodian account of this client (buyer) against these proceeds/sales shall not be allowed to repatriate or remit to the buyer until and unless to the completion of every tranche of notice period i.e.15 days; j) Compliances of other terms and conditions containing in the SPAs are the responsibility of buyer and sellers; (cont.7)
The first part of this announcement is missing from the archive. - (Cont. news of SEAPEARL): k) GEM Global Yield LLC SCS (Investor) shall not hold more than 9.9\% ordinary shares of Sea P
(Cont. news of SEAPEARL): k) GEM Global Yield LLC SCS (Investor) shall not hold more than 9.9\% ordinary shares of Sea Pearl in any given point of time; and l) Buyers and sellers will ensure the compliances of securities law and report to the Commission upon completion of every tranche.\" (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 28, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- 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 October 26, 2023 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Query Response
In response to a DSE query dated October 11, 2023, 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.
- ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as \"A-\" in the long term and \"ST
ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as \"A-\" in the long term and \"ST-2\" in the short term along with Stable outlook in consideration of audited financials of the Company up to June 30, 2022, un-audited financials up to the period ending March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- (Q3 Un-audited): EPS was Tk. 3.13 for January-March 2023 as against Tk. 0.35 for January-March 2022; EPS was Tk. 6.63 fo
(Q3 Un-audited): EPS was Tk. 3.13 for January-March 2023 as against Tk. 0.35 for January-March 2022; EPS was Tk. 6.63 for July 2022-March 2023 as against Tk. 1.07 for July 2021-March 2022. NOCFPS was Tk. 10.22 for July 2022-March 2023 as against Tk. 4.57 for July 2021-March 2022. NAV per share was Tk. 17.28 as on March 31, 2023 and Tk. 11.77 as on June 30, 2022. Reasons for deviation in NAVPS, EPS and NOCFPS: (cont.)
- Q3 Financials
(Continuation news of SEAPEARL): NAVPS of the company has increased as the company achieved Net Profit of Tk. 80,05,95,984.00 during the reporting period. EPS has increased due to increase of net profit resulting from improvement of COVID situation, achieving good revenue for utilization of room, full phased operation of water park, cruise ship revenue, Non-AC Restaurant opening and other activities. NOCFPS has increased due to the increase in revenue. (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 April 17, 2023 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 06.04.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 05.04.2023 for EGM.
- Spot for EGM
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 from 03.04.2023 to 04.04.2023 and trading of the shares will remain suspended on record date i.e., 05.04.2023 for EGM.
- Announcement of EGM Date and Record Date
Refer to their earlier news disseminated by DSE on 14.03.2023 regarding 'Board decision to acquire 30% shares of Shamim Enterprise (Pvt.) Ltd.', the Company has further informed that the EGM of the company will be held on April 29, 2023 at 11:00 AM via digital platform through link- https://seapearl-egm.bdvirtual.com. Record Date for EGM: 05.04.2023.
- Board decision to acquire 30% shares of Shamim Enterprise (Pvt.) Ltd.
The Board of Directors of the company has approved the investment in shares of Shamim Enterprise (Pvt.) Ltd. (SEPL). The company will acquire 30% shares of SEPL (33,908,160 shares @ TK. 10 at par) subject to approval of shareholders in Extraordinary General Meeting.
- Appointment of Nominated Director
The company has informed that the Board of Directors has appointed Mrs. Nasima Akter Mila (representative of Seapearl Sundarban Eco Resort Ltd.) as Nominated Director of the Board.
- The auditor of the Sea Pearl Beach Resort & Spa Limited has given the \"Qualified Opinion\" and \"Emphasis of Matter\" p
The auditor of the Sea Pearl Beach Resort & Spa Limited has given the \"Qualified Opinion\" and \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Basis for Qualified Opinion: i. Utilization of Capacity and Ability of the Company to Pay Debt: The Company has indebted to the extent of Tk. 4,889,477,950 consisting of long term loan, short term loan, SPBRSL 20\% Convertible Secured Bond and lease finance. (cont.1)
- (Continuation news of SEAPEARL): The total debt represents 75.52\% of the Equity & Liabilities of the Company. Moreover,
(Continuation news of SEAPEARL): The total debt represents 75.52\% of the Equity & Liabilities of the Company. Moreover, the Company has failed to pay regular installment of SPBRSL 20\% Convertible Secured Bond since June, 2020. Due to this, the Company\'s liabilities has been increased significantly. Emphasis of Matter: We draw attention to note no. 55.00 (a) and 55.00 (b) of the financial statement, which describes the contingent liability of the company. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): Our opinion is not modified in respect of the matter. Note 55.00: Contingent Liabilitie
(Continuation news of SEAPEARL): Our opinion is not modified in respect of the matter. Note 55.00: Contingent Liabilities: a) The Company has a contingent liability aggregating Taka 28,47,38,885 claimed by VAT Authority on differential amount of sales against production during the year 2012-13, 2013-14 and 2014-2015. The Company has made deposition several times to concern VAT Authority with proper grounds protesting the claim. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): As such the Company has filed petition to the High Court which is Subjudice. Commission
(Continuation news of SEAPEARL): As such the Company has filed petition to the High Court which is Subjudice. Commissioner, Customs Excise & VAT, Chittagong issued a show cause notice demanding VAT on dispute matters like value addition and legal point. Therefore, the company has submitted a writ petition before the Supreme Court of Bangladesh in High Court Division. Honorable High Court heard on the matter about show cause notice and issued a rule (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): and stay order on the above mentioned show cause notice. Now it is under high court div
(Continuation news of SEAPEARL): and stay order on the above mentioned show cause notice. Now it is under high court division for hearing. b) The Company has issued a bond amounting to Taka 325 Crore to the Investment Corporation of Bangladesh (ICB) in 2017. Due to Covid-19, Company\'s business operation was severely affected. So, the Company requested the ICB to waive the interest amount on the outstanding balance of the bond vide letter no. April 28, 2020. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): As there was no positive response, the Company has submitted a Writ Petition before the
(Continuation news of SEAPEARL): As there was no positive response, the Company has submitted a Writ Petition before the Supreme Court of Bangladesh in High Court Division on 18-05-2022. After hearing the Honorable High Court Division of the Supreme Court of Bangladesh issued Rule Nisi on 25-04-2022 to ICB and directed to dispose the application of The Company within 60 days. The honorable High Court Division also directed the Company to pay Tk. 25 crore (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of SEAPEARL): in favour of ICB within 30 days and according the Company paid the said amount to ICB o
(Continuation news of SEAPEARL): in favour of ICB within 30 days and according the Company paid the said amount to ICB on 05-06-2022. On 27-06-2022 ICB issued a letter giving Tk. 28.85 crore interest waiver in favour of the Company. After this Honorable High Court Division of the Supreme Court of Bangladesh passed an order on 29-08-2022 directing ICB to maintain status-quo in respect of all issues relating to loan liability of the Company and were further (cont.7)
The first part of this announcement is missing from the archive. - Qualified Opinion and Emphasis of Matter
(Continuation news of SEAPEARL): pleased to fix hearing of the Writ Petition on 30-11-2022 and also directed ICB to dispose of the Company's earlier application for interest waiver within 60 days. However, the Company is charging interest as it was previously charging to the Statement of Profit or Loss and Other Comprehensive Income and haven't considered the impact of any waiver of interest (Note 17 and Note 28). (end)
The first part of this announcement is missing from the archive. - Completion of share Transfer outside the Trading System of Exchange
The company has informed that transfer of 48,780,900 shares of Sea Pearl Beach Resort & Spa Limited from Shamim Enterprise (Pvt.) Ltd. (the transferor), one of the sponsor directors of the Company to Seapearl Sundarban Eco Resort Ltd. (the transferee) has been completed outside the trading system of the exchange as per declaration disseminated on 09.02.2023.
- Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer 48,780,900 shares (as per BSEC letter no. BSEC/S
Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer 48,780,900 shares (as per BSEC letter no. BSEC/SRMIC/148/2019/617 dated January 29, 2023) of Sea Pearl Beach Resort & Spa Limited outside the trading system of the exchange from Shamim Enterprise (Pvt.) Ltd. (the transferor), one of the Sponsor Directors of the Company to Seapearl Sundarban Eco Resort Ltd. (the transferee) (cont.)
- Transfer of shares outside the Trading System of the Exchange
(Continuation news of SEAPEARL): within 30 working days from the date of issuance of approval letter by DSE, under Regulation-34(1) and 47 of the Dhaka Stock Exchange (Listing) Regulations, 2015. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.23 for October-December 2022 as against Tk. 0.81 for October-December 2021; EPS was Tk. 3.50 for July-December 2022 as against Tk. 0.72 for July-December 2021. NOCFPS was Tk. 5.57 for July-December 2022 as against Tk. 3.42 for July-December 2021. NAV per share was Tk. 14.17 as on December 31, 2022 and Tk. 11.77 as on June 30, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2022 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from January 25, 2023 as the Company has reported disbursement of 15% cash dividend for the year ended June 30, 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 January 30, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.