Southeast Bank PLC announcements
638 Dhaka Stock Exchange announcements for Southeast Bank PLC (SOUTHEASTB) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (31).
- The Company has informed that Bangladesh Securities and Exchange Commission has accorded its approval for raising additi
The Company has informed that Bangladesh Securities and Exchange Commission has accorded its approval for raising additional Tier-I regulatory capital through issuance of unsecured, contingent-convertible perpetual bond namely Southeast Bank 1st Perpetual Bond of BDT 5,000 Million, out of which BDT 4,500 Million under private placement and rest amount of BDT 500 Million at BDT 5,000 per unit under public offer.
- Sale Confirmation of a Sponsor
Mrs. Rehana Kashem, one of the Sponsors of the company, has further informed that she has completed her sale of 20,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 22.10.2023.
- Name Change of the Company
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Southeast Bank PLC.' instead of 'Southeast Bank Limited' with effect from November 20, 2023. Other things (except name) will remain unchanged.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.90 for July-September, 2023 as against Tk. 0.30 (restated) for July-Septembe
(Q3 Un-audited): Consolidated EPS was Tk. 0.90 for July-September, 2023 as against Tk. 0.30 (restated) for July-September, 2022; Consolidated EPS was Tk. 2.34 for January-September, 2023 as against Tk. 2.67 (restated) for January-September, 2022. Consolidated NOCFPS was Tk. 21.03 for January-September, 2023 as against Tk. 0.51 for January-September, 2022. Consolidated NAV per share was Tk. 25.70 as on September 30, 2023 and Tk. 26.26 as on September 30, 2022. (cont.)
- Q3 Financials
(Cont. news of SOUTHEASTB): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to increase of interest expenses and decrease of income from commission, exchange and brokerage. NOCFPS has been increased due to increase of deposits and borrowings. (end)
The first part of this announcement is missing from the archive. - Time extension for selling declared shares of a sponsor
Refer to their earlier news disseminated by DSE on 23.07.2023 regarding sale declaration of Mrs. Rehana Kashem, one of the Sponsors of the company, who expressed her intention to sell 20,00,000 shares of the Company. In this respect BSEC has allowed time extension including restricted period for selling the remaining 17,16,000 shares out of the declared shares of the above sponsor of the company till January 31, 2024. As such, time has been extended up to January 31, 2024 for selling the mentioned shares.
- 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 19, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Election of Chairman
The Company has informed that the Board of Directors has elected Mr. Alamgir Kabir, FCA as the Chairman of the Board of Directors of the Company.
- Declaration of share transfer by a Sponsor
Mr. Iftekhar Azim Ahmed, one of the Sponsors of the company, has expressed his intention to transfer 50,00,000 shares out of his holding of 54,15,000 shares of the company to his son Mr. Saleh Ahmed (General Shareholder of the company), by way of gift outside the trading system of the Exchange within 30 working days with effect from August 13, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2022 to the respective shareholders.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.31 for April-June 2023 as against Tk. 1.21 for April-June 2022; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.31 for April-June 2023 as against Tk. 1.21 for April-June 2022; Consolidated EPS was Tk. 1.50 for January-June 2023 as against Tk. 2.46 for January-June 2022; Consolidated NOCFPS was Tk. 16.69 for January-June 2023 as against Tk. 2.46 for January-June 2022. Consolidated NAV per share was Tk. 26.36 as on June 30, 2023 and Tk. 26.88 as on June 30, 2022. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q2 Financials
(Continuation news of SOUTHEASTB): EPS has been decreased due to increase of interest expenses, provision against loans and advances. NOCFPS has been increased due to increase of deposit and borrowings, and decrease of disbursement of loans and advances. (end)
The first part of this announcement is missing from the archive. - Sale declaration of a Sponsor
Mrs. Rehana Kashem, one of the Sponsors of the company, has expressed her intention to sell 20,00,000 shares out of her holding of 87,53,873 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange Limited (DSE) within next 30 working days.
- 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 26, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended December 31, 2022 to the respective shareholders' BO Accounts.
- Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as \"AA\" in the long term
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with a Stable outlook in consideration of audited financials of the Company up to December 31, 2022, unaudited financial up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the company will resume on 08.06.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 07.06.2023
- 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 05.06.2023 to 06.06.2023 and trading of the shares will remain suspend on record date i.e., 07.06.2023
- BSEC's consent regarding 4% Stock Dividend
Refer to their earlier news disseminated by DSE on 02.05.2023 regarding dividend declaration, the Company has further informed that BSEC has accorded its consent for their declaration of 4% Stock Dividend for the year ended December 31, 2022. The record date on June 07, 2023 for entitlement of the aforesaid Stock Dividend will remain unchanged, as previously announced.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.19 for January-March 2023 as against Tk. 1.26 (restated) for January-March 2022. Consolidated NOCFPS was Tk. 16.97 for January-March 2023 as against Tk. 0.38 for January-March 2022. Consolidated NAV per share was Tk. 26.05 as on March 31, 2023 and Tk. 26.86 as on March 31, 2022. Reason for deviation in NOCFPS: NOCFPS has been increased due to increase of deposits and borrowings from banks and decrease of disbursement of loans and advances.
- 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 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The Board of Directors has recommended 6\% Cash and 4\% Stock Dividend for the year ended December 31, 2022. The Stock D
The Board of Directors has recommended 6\% Cash and 4\% Stock Dividend for the year ended December 31, 2022. The Stock Dividend is subject to the approval of BSEC. Date of AGM: 05.07.2023, Time: 11:00 AM. Venue: Digital Platform. Record date: 07.06.2023. The Company has also reported Consolidated EPS of Tk. 1.42, Consolidated NAV per share of Tk. 24.87 and Consolidated NOCFPS of Tk. (13.17) for the year ended December 31, 2022 as against Tk. 1.44 (restated), Tk. 25.22 and Tk. 17.89 (cont.1)
- (Continuation news of SOUTHEASTB): respectively for the year ended December 31, 2021. NOCFPS has been decreased due to d
(Continuation news of SOUTHEASTB): respectively for the year ended December 31, 2021. NOCFPS has been decreased due to decrease of deposits and borrowings from the company, and increase of loans and advances. Disclosures on recommendation of stock dividend: i) Stock Dividend has been recommended to strengthen the capital base of the Company to comply with the regulatory requirements and to support the business growth. ii) Stock Dividend has been declared out of accumulated profit. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of SOUTHEASTB): iii) Stock Dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that 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 (02.05.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Consent of Bangladesh Bank to declare dividend
Southeast Bank Ltd. has informed that Bangladesh Bank has given due consent to the bank for declaring dividend for the year ended 31 December 2022 in accordance with the DOS Circular No. 01 dated 07 February 2021 of Bangladesh Bank.
- 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 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- Appointment of Managing Director
The company has informed that the Board of Directors has appointed Mr. Nuruddin Md. Sadeque Hussain as Managing Director of the company with effect from April 05, 2023.
- Completion of share Transfer outside the Trading System
EXIM Bank Ltd. has informed that transfer of shares of Southeast Bank Ltd. from Syed Shahid Ali (the transferor), one of the Sponsors of Southeast Bank Ltd. to EXIM Bank Ltd. (the transferee) has been completed outside the trading system of the exchange as per declaration disseminated on 07.02.2023.
- Transfer of shares outside the Trading System of the Exchange
Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer 6,00,000 shares (as per court order) of Southeast Bank Limited outside the trading system of the exchange from Syed Shahid Ali (the transferor), one of the Sponsors of the Company to Exim Bank Ltd., Motijheel Branch (the transferee) within 30 working days from the date of issuance of approval letter by DSE, under Regulation - 47 and 57(2) of the Dhaka Stock Exchange (Listing) Regulations, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.