Summit Power Limited announcements
394 Dhaka Stock Exchange announcements for Summit Power Limited (SUMITPOWER) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2011 (23).
- The Company has informed that the Board of Directors of the company has decided to convene its 14th EGM to consider and,
The Company has informed that the Board of Directors of the company has decided to convene its 14th EGM to consider and, if deem fit, to adopt the following resolution verbatim: "Resolved that acquisition of 53,955,326 no. of Ordinary shares of Khulna Power Company Ltd. (KPCL) from Summit Industrial & Mercantile Corporation (Pvt.) Ltd. (SIMCL) concluded on 28th December, 2011 pursuant to the direction of the Securities and Exchange Commission is hereby ratified." Date of EGM: 02.02.2012, Time: 10:30 AM, Venue: "Trust Milonayaton", 545, Old Airport Road, Tejgaon, Dhaka-1206. Record date for EGM: 10.01.2012.
- Further to their Price Sensitive Information dated December 20, 2011 (news disseminated by DSE on December 21, 2011), th
Further to their Price Sensitive Information dated December 20, 2011 (news disseminated by DSE on December 21, 2011), the Company has informed that the transfer of 5,39,55,326 shares of Khulna Power Company Ltd. in favor of Summit Power Limited has been completed.
- The Company has informed that the Board of Directors of the company has resolved the following: (1) That pursuant to the
The Company has informed that the Board of Directors of the company has resolved the following: (1) That pursuant to the approval of SEC as conveyed to the company vides its Order dated December 18, 2011, 53,955,326 Ordinary shares, having face value of Tk. 10.00 each of Khulna Power Company Ltd. (KPCL) be acquired at a price of Tk. 67.00 each and (2) That 22,432,900 Ordinary shares of Summit Uttaranchol Power Company Ltd. (SUPCL), having face value of Tk. 10.00 each, be transferred in favor of Summit Industrial and Mercantile Corporation (Pvt.) Ltd. (SIMCL) at Tk. 45.00 each in partial settlement of the purchase consideration for acquiring 53,955,326 shares of KPCL in terms of Sale-Purchase agreement to be executed between SPL and SIMCL.
- - The Credit Rating...
The Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in the short term in consideration of financials and other relevant quantitative as well as qualitative information up to the date of rating declaration
- The Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in
The Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in the short term in consideration of financials and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The Company has informed that the Board of Directors of the Company has decided to buy 53,955,326 no. of Ordinary Shares
The Company has informed that the Board of Directors of the Company has decided to buy 53,955,326 no. of Ordinary Shares of Khulna Power Company Limited (KPCL) from Summit Industrial & Mercantile Corporation (Pvt.) Ltd. at the prevailing market price of the shares of KPCL through an off-market transfer basis outside the stock exchange trading system under Rule 42 sub-rule (2) of Dhaka Stock Exchange Listing Regulations subject to the approval from the Regulatory Authorities.
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2011 (July'11 to Sep'11), the Com
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2011 (July'11 to Sep'11), the Company has reported consolidated profit after tax (excluding minority interest) of Tk. 503.49 million with consolidated EPS of Tk. 1.28 as against Tk. 288.23 million and Tk. 0.73 respectively for the same period of the previous year. Whereas consolidated profit after tax (excluding minority interest) was Tk. 1,363.62 million with consolidated EPS of Tk. 3.46 for the period of nine months (Jan'11 to Sep'11) ended on 30.09.11 as against Tk. 845.18 million and Tk. 2.14 respectively for the same period of the previous year.
- The Company has informed that the Board of Directors of Summit Power Limited, being holder of 99% share in Summit Purban
The Company has informed that the Board of Directors of Summit Power Limited, being holder of 99% share in Summit Purbanchol Power Company Limited has resolved to approve the decision of the Board of Directors of Summit Purbanchol Power Company Limited to increase its Paid-up Capital from Tk. 76.28 crore to Tk. 106.28 crore, to be raised through IPO (Initial Public Offering) by issuing 30,000,000 fully paid ordinary shares of Tk. 10.00 each (face value) under Fixed Price Method subject to consent of regulatory authority. The proceeds are intended to be used for redemption of Preference Shares and to meet working Capital of Summit Purbanchol Power Company Limited.
- (H/Y): As per un-audited half yearly accounts as on 30.06.11 (Jan' 11 to June' 11), the company has reported consolidate
(H/Y): As per un-audited half yearly accounts as on 30.06.11 (Jan' 11 to June' 11), the company has reported consolidated profit after tax (excluding minority interest) of Tk. 847.42 million with consolidated EPS of Tk. 2.16 as against Tk. 556.96 million and Tk. 1.51 (restated) respectively for the same period of the previous year. Whereas consolidated profit after tax (excluding minority interest) was Tk. 524.26 million with consolidated EPS of Tk. 1.34 for the period of 3 months (Apr' 11 to June' 11) ended on 30.06.11 as against Tk. 295.56 million and Tk. 0.80 (restated) respectively for the same period of the previous year.
- Normal trading of the shares of the company will resume on 20.07.11 after record date for EGM.
Normal trading of the shares of the company will resume on 20.07.11 after record date for EGM.
- Trading of the shares of the company will remain suspended on record date i.e., 19.07.11 for EGM.
Trading of the shares of the company will remain suspended on record date i.e., 19.07.11 for EGM.
- Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 from 13.07.11 to 17.07.11. Trading of the shares of the company will remain suspended on record date i.e., 19.07.11 for EGM.
- The company has informed that the Board of Directors has decided to hold an EGM on 11.08.11 at 10:00 AM at Bangobandhu I
The company has informed that the Board of Directors has decided to hold an EGM on 11.08.11 at 10:00 AM at Bangobandhu International Conference Centre, Agargaon, Dhaka to propose the shareholders to pass the following resolution as special resolutions with such modification, if any, as the EGM may decide: "Resolved that the company may issue Corporate Guarantee in favour of NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. as "FMO" and DEUTSCHE INVESTITIONS-UND ENTWICKLUNGSGESELLSCHAFT MBH as "DEG" or such other Bank or financial institution to secure the debts of Summit Narayanganj Power Limited (SNPL), a subsidiary of the Company, for USD 45 million or such amount of credit facilities as SNPL may avail from time to time." Record date for EGM: 19.07.11.
- The Company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts on 02.06.11.
The Company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts on 02.06.11.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2011 (Jan'11 to March'11), the Compan
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2011 (Jan'11 to March'11), the Company has reported consolidated profit of Tk. 318.29 million (excluding non controlling interest of Tk. 0.78 million) with basic consolidated EPS of Tk. 1.09 as against Tk. 261.39 million (excluding non controlling interest of Tk. 1.31 million) and Tk. 0.94 respectively for the same period of the previous year. However, considering proposed bonus share @ 30% for the year 2010, restated consolidated EPS will be Tk. 0.83 as on 31.03.2011 and Tk. 0.71 as on 31.03.2010. It is to be noted that EPS has been calculated based on weighted average number of shares outstanding.
- Normal trading of the shares of the company will resume on 11.04.11 after record date.
Normal trading of the shares of the company will resume on 11.04.11 after record date.
- Trading of the shares of the company will remain suspended on record date i.e., 10.04.11.
Trading of the shares of the company will remain suspended on record date i.e., 10.04.11.
- Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 05.04.11 to 07.04.11. Trading of the shares of the company will remain suspended on record date i.e., 10.04.11.
- There will be no price limit on the trading of the shares of the company today (30.03.11) following its corporate declar
There will be no price limit on the trading of the shares of the company today (30.03.11) following its corporate declaration.
- The Board of Directors has recommended final stock dividend @ 30% for the year ended on December 31, 2010. Date of AGM:
The Board of Directors has recommended final stock dividend @ 30% for the year ended on December 31, 2010. Date of AGM: 26.05.2011, Time: 11:00 AM, Venue: Army Golf Club, "GOLF GARDEN" on the VIP Road, Opposite of Radisson Water Garden, Dhaka Cantonment, Dhaka. Record Date: 10.04.2011. The company has also reported EPS of Tk. 4.00, NAV per share of Tk. 29.62 and NOCFPS of Tk. 4.57 for the year ended on December 31, 2010.
- As per regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of Board of Directors of the Co
As per regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of Board of Directors of the Company will be held on March 29, 2011 at 3:00 p.m. to consider, among others, audited financial statements of the Company for the year ended on December 31, 2010.
- (continuation of news of SUMITPOWER): These two IPPs will be implemented on Build, Own & Operate (BOO) basis for a perio
(continuation of news of SUMITPOWER): These two IPPs will be implemented on Build, Own & Operate (BOO) basis for a period of 15 years from the Commercial Operation Date (COD) and through formation of two new special purpose companies where 49% share will be held by Summit Power Limited and the remaining 51% by Summit Industrial & Mercantile Corporation (Pvt.) Ltd.
The first part of this announcement is missing from the archive. - The company has informed that the Consortium of Summit Power Limited and Summit Industrial & Mercantile Corporation (Pvt
The company has informed that the Consortium of Summit Power Limited and Summit Industrial & Mercantile Corporation (Pvt.) Ltd. has received two Letters of Intent (LOI) from Bangladesh Power Development Board (BPDB) on February 2, 2011, one for development of a HFO-Fired Power Generation Facility of 104.4108 MW (Net) Capacity at Saidpur, Bangladesh and the other for development of a HFO-Fired Power Generation Facility of 52.2054 MW (Net) Capacity at Shantahar, Bangladesh and the Board of Directors in its meeting held on February 2, 2011 has given their consent to accept the Letters of Intent (LOI) (continue).
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.