Sunlife Insurance Company Limited announcements
265 Dhaka Stock Exchange announcements for Sunlife Insurance Company Limited (SUNLIFEINS) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (50).
- Mr. Zahid Maleque, one of the Sponsors of the company, has further informed that he has completed his sale of 8,16,000 s
Mr. Zahid Maleque, one of the Sponsors of the company, has further informed that he has completed his sale of 8,16,000 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 20.12.2023.
- Mrs. Rubina Hamid, one of the Sponsors of the company, has further informed that she has completed her sale of 5,58,000
Mrs. Rubina Hamid, one of the Sponsors of the company, has further informed that she has completed her sale of 5,58,000 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 20.12.2023.
- Referring to the BSEC letter No. SEC/SRIC/53/2014-357 dated November 16, 2023 regarding the sale of whole shares of the
Referring to the BSEC letter No. SEC/SRIC/53/2014-357 dated November 16, 2023 regarding the sale of whole shares of the directors, sponsors and shareholders of the company, Mrs. Rubina Hamid, one of the Sponsors of the company, has expressed her intention to sell her entire holdings of 5,58,000 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited within 30 working days after issuance of the BSEC letter.
- The Company has further informed that 12,24,000 shares of Mrs. Fouzia Maleque, who was a Sponsor Director of the company
The Company has further informed that 12,24,000 shares of Mrs. Fouzia Maleque, who was a Sponsor Director of the company, has been transmitted to her successors Mr. Zahid Maleque and Mrs. Rubina Hamid, who are also sponsors of the company, as per declaration news disseminated by DSE on 17.12.2023.
- The Company has informed that Mrs. Fouzia Maleque who was a sponsor director of the company passed away on May 27, 2021.
The Company has informed that Mrs. Fouzia Maleque who was a sponsor director of the company passed away on May 27, 2021. Her total holding of 12,24,000 shares of the company will be transmitted according to the Succession Certificate issued by the Honorable Court. As per the succession certificate, Mr. Zahid Maleque, Son of the deceased and Sponsor of the company, will receive 8,16,000 shares, and Mrs. Rubina Hamid, daughter of the deceased and also Sponsor of the company, will receive 4,08,000 shares.
- Mr. Zahid Maleque, one of the Sponsors of the company, has further informed that he has completed his sale of entire hol
Mr. Zahid Maleque, one of the Sponsors of the company, has further informed that he has completed his sale of entire holdings of 29,58,000 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Dr. Kazi Aktar Hamid, one of the Sponsor Directors of the company, has further informed that she has completed her sale
Dr. Kazi Aktar Hamid, one of the Sponsor Directors of the company, has further informed that she has completed her sale of entire holdings of 7,86,378 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Mrs. Shabana Maleque, one of the Sponsor Directors of the company, has further informed that she has completed her sale
Mrs. Shabana Maleque, one of the Sponsor Directors of the company, has further informed that she has completed her sale of entire holdings of 7,15,213 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Mr. Mustaque Ahmed, one of the Sponsors of the company, has further informed that he has completed his sale of entire ho
Mr. Mustaque Ahmed, one of the Sponsors of the company, has further informed that he has completed his sale of entire holdings of 7,94,672 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Adv. Shaila Ferdous, one of the Directors of the company, has further informed that she has completed her sale of entire
Adv. Shaila Ferdous, one of the Directors of the company, has further informed that she has completed her sale of entire holdings of 7,17,429 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Mr. Saidur Rahman Khan, one of the Sponsors of the company, has further informed that he has completed his sale of entir
Mr. Saidur Rahman Khan, one of the Sponsors of the company, has further informed that he has completed his sale of entire holdings of 2,50,029 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Mr. Rahat Maleque, one of the Directors of the company, has further informed that he has completed his sale of entire ho
Mr. Rahat Maleque, one of the Directors of the company, has further informed that he has completed his sale of entire holdings of 30,49,800 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- Mrs. Rubina Hamid, one of the Sponsor Directors of the company, has further informed that she has completed her sale of
Mrs. Rubina Hamid, one of the Sponsor Directors of the company, has further informed that she has completed her sale of entire holdings of 17,56,760 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited as per declaration disseminated on 26.11.2023.
- BSEC has issued letter No. SEC/SRIC/53/2014-357, dated November 16, 2023 to Sunlife Insurance Company Limited which read
BSEC has issued letter No. SEC/SRIC/53/2014-357, dated November 16, 2023 to Sunlife Insurance Company Limited which reads as follows: \"This refers to your letters No. SUNLIFE/ST/88/2023 dated 09 November, 2023 and Sunlife/HO/ST/89/23 dated 12 November, 2023. In this connection, considering the buyers and sellers application along with the No Objection Certificate (NOC) from (cont.1)
- (Continuation of SUNLIFEINS): Insurance Development and Regulatory Authority, the undersigned is directed to inform you
(Continuation of SUNLIFEINS): Insurance Development and Regulatory Authority, the undersigned is directed to inform you that the Commission has accorded its consent to your proposal of selling 1,54,19,309 (One Crore Fifty-Four Lacs Nineteen Thousand Three Hundred and Nine) shares of the directors, sponsors and shareholders of Sunlife Insurance Company Limited to Green Delta Insurance Company Ltd. and its subsidiaries (cont.2)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): and others mentioned in the Share Purchase Agreement (SPA). Moreover, for execution of thi
(Continuation of SUNLIFEINS): and others mentioned in the Share Purchase Agreement (SPA). Moreover, for execution of this transactions the Commission hereby has accorded its consent to allow the waiver of Bidhi 5(2) Bangladesh Securities and Exchange Commission (Subidhabhogi Byabsa Nishiddhokoron) Bidhimala, 2022 subject to the following conditions and compliances: a) The seller (shareholder directors and sponsors) (cont.3)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): and the buyers will give appropriate declaration as per requirement of the Regulation 34 (
(Continuation of SUNLIFEINS): and the buyers will give appropriate declaration as per requirement of the Regulation 34 (1) of Listing Regulations of the Stock Exchanges depositing applicable source taxes in this regard; b) The Company shall constitute a Board of Directors with the new 13 (thirteen) shareholders who hold 2\% or above shares in the company. After execution of the transaction, considering 2 days gap for being T+2 settlement, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): the new directors of Sunlife Insurance Company Limited shall all the time jointly hold a m
(Continuation of SUNLIFEINS): the new directors of Sunlife Insurance Company Limited shall all the time jointly hold a minimum of 30\% (thirty percent) of the paid-up capital of the company; c) After execution of the aforesaid transaction the whole 1,54,19,309 (One Crore Fifty-Four Lacs Nineteen Thousand Three Hundred and Nine) shares will be subjected to in block for 02 years. d) Since the proposed buyers along (cont.5)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): with the person in concert (including 10\% by Green Delta Insurance Company) is acquiring
(Continuation of SUNLIFEINS): with the person in concert (including 10\% by Green Delta Insurance Company) is acquiring 43.1180\% shares of the company at a time, the sellers and buyers shall have to comply with provisions of Bangladesh Securities and Exchange Commission (Ullekhzogyo Sonkhyok Share Orjon, Odhigrohon o Kortitto Grohon) Bidhimala, 2018 for being substantial acquisition; e) Compliance with other terms and (cont.6)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): conditions contained in the Share Purchase Agreement (SPA) and other applicable laws are t
(Continuation of SUNLIFEINS): conditions contained in the Share Purchase Agreement (SPA) and other applicable laws are the responsibility of buyers and sellers. f) The transaction must be executed within 30 (Thirty) days after issuing this letter and after execution the transaction a compliance report has to be submitted to the Commission within 07 (seven) days; (cont.7)
The first part of this announcement is missing from the archive. - (Continuation of SUNLIFEINS): g) If, in the future, any inconsistency is found and proved in your submitted documents, i
(Continuation of SUNLIFEINS): g) If, in the future, any inconsistency is found and proved in your submitted documents, information and declaration this approval will be considered to be cancelled.\" (end)
The first part of this announcement is missing from the archive. - Buy Declaration of shares of Sunlife Insurance Company Limited
Referring to the BSEC letter No. SEC/SRIC/53/2014-357 dated November 16, 2023, Green Delta Insurance Company Limited, has expressed its intention to buy 35,76,069 shares of Sunlife Insurance Company Limited as per share purchase agreement through Dhaka Stock Exchange Limited within November 30, 2023 as per Rule-4 of the BSEC (Ullekhzogyo Sonkhyok Share Orjon, Odhigrohon o Kortritto Grohon), Bidhimala, 2018.
- Sale Declaration of a Director
Referring to the BSEC letter No. SEC/SRIC/53/2014-357 dated November 16, 2023 regarding the sale of whole shares of the directors, sponsors and shareholders of the company, Mr. Rahat Maleque, one of the Directors of the company, has expressed his intention to sell his entire holdings of 30,49,800 shares of the Company as per share purchase agreement (In the Block Market) through Dhaka Stock Exchange Limited within 30 days after issuance of the BSEC letter.
- Share Transmission completion of Deceased Sponsor Director
The Company has further informed that the shares of Late Md. Mofizur Rahman, former sponsor director of the company, has been transmitted to his successors according to the Succession Certificate issued by the Honorable Court, as per declaration news disseminated by DSE on 30.10.2023.
- (Q3 Un-audited): As per life revenue account of the company for July to September, 2023, excess of total expenses includ
(Q3 Un-audited): As per life revenue account of the company for July to September, 2023, excess of total expenses including claims over total income (deficit) was BDT 55.95 million as against excess of total expenses including claims over total income (deficit) of BDT 36.19 million in the corresponding previous period of 2022. Whereas as per life revenue account of the company for January to September, 2023, excess of total expenses including claims (cont.)
- The Company has informed that Md. Mofizur Rahman who was a sponsor director of the company passed away on October 20, 20
The Company has informed that Md. Mofizur Rahman who was a sponsor director of the company passed away on October 20, 2021. His total holding of 1,000,679 shares of the company will be transmitted according to the Succession Certificate issued by the Honorable Court. As per the succession certificate, Asiron Begum (wife) will receive 125,084 shares, Laila Rahman (daughter) will receive 175,119 shares, (cont.)
- Q3 Financials
(Continuation news of SUNLIFEINS): over total income (deficit) was BDT 168.89 million as against excess of total expenses including claims over total income (deficit) of BDT 344.94 million in the corresponding previous period of 2022. Accordingly, Balance of Life Insurance Fund was BDT 401.18 million for the 9th month ended on September 30, 2023 as against BDT 915.57 million for the 9th month ended on September 30, 2022 resulting a net decrease of BDT 514.39 million. (end)
The first part of this announcement is missing from the archive. - Decision to sell shares to Green Delta Insurance Co. Ltd. & others
The company has informed that directors and sponsor shareholders of Sunlife Insurance Company Ltd. have decided in their 219th Board meeting held on 29.10.2023 to enter into an agreement with Green Delta Insurance Company Limited, its subsidiaries and other individuals to sell 1,54,19,309 of their shares of the company in the block market through stock exchanges, subject to necessary regulatory approvals.
- Share Transmission of Deceased Sponsor Director among his successors
(Continuation news of SUNLIFEINS): Mohammed Mahbubur Rahman (Son) will receive 350,238 shares and Md. Mustafizur Rahman (Son) will receive 350,238 shares. (end)
The first part of this announcement is missing from the archive. - Declaration of share transfer by a Director
Advocate Shaila Ferdous, a Director of the company, has expressed her intention to transfer 2,90,000 shares of the company to her spouse A. K. M. Nurul Fazal (General Shareholder of the company), by way of gift outside the trading system of the Exchange within October 31, 2023.
- 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 29, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"A-\
ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"A-\" in the long term and \"ST-3\" in the short term in consideration of financials of the Company up to December 31, 2022 (audited), Q2FY23 (un-audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Change of AGM Date
The Company has further informed that the AGM of the Company will be held on September 21, 2023 instead of earlier declared date September 19, 2023. Other information of the AGM will remain unchanged.
- Resumption after Record Date
Trading of the shares of the company will resume on 27.08.2023.
- Suspension for Record Date
Trading of the shares of the company will be suspended on record date i.e., 24.08.2023.
- 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 from 22.08.2023 to 23.08.2023 and trading of the shares will remain suspended on record date i.e., 24.08.2023.
- The auditor of the company has given \"Emphasis of Matter\" paragraphs in the Auditor\'s Report of \"Sunlife Insurance C
The auditor of the company has given \"Emphasis of Matter\" paragraphs in the Auditor\'s Report of \"Sunlife Insurance Company Limited\" for the year ended on 31 December 2022. To view the details, please visit: https://www.dsebd.org/assets/pdf/EM\%20of\%20Sunlife.pdf
- (Q1 Un-audited): As per life revenue account of the company for January to March, 2023, excess of total expenses includi
(Q1 Un-audited): As per life revenue account of the company for January to March, 2023, excess of total expenses including claims over total income (deficit) was BDT 97.11 million as against excess of total expenses including claims over total income (deficit) of BDT 104.43 million in the corresponding previous period of 2022. (cont.)
- (Q2 Un-audited): As per life revenue account of the company for April to June, 2023, excess of total expenses including
(Q2 Un-audited): As per life revenue account of the company for April to June, 2023, excess of total expenses including claims over total income (deficit) was BDT 112.70 million as against excess of total expenses including claims over total income (deficit) of BDT 101.13 million in the corresponding previous period of 2022. Whereas as per life revenue account of the company for January to June, 2023, excess of total expenses including claims over total income (deficit) (cont.)
- Q1 Financials
(Continuation news of SUNLIFEINS): Accordingly, Balance of Life Insurance Fund as on March 31, 2023 was BDT 472.79 million as against BDT 1,154.65 million as on March 31, 2022 resulting a net decrease of BDT 681.86 million. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Continuation news of SUNLIFEINS): was BDT 15.58 million as against excess of total expenses including claims over total income (deficit) of BDT 3.39 million in the corresponding previous period of 2022. Accordingly, Balance of Life Insurance Fund as on June 30, 2023 was BDT 457.13 million as against BDT 1,157.50 million as on June 30, 2022 resulting a net decrease of BDT 700.37 million. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended No dividend for the year ended December 31, 2022. Date of AGM: 19.09.2023, Time: 3:00 PM, Venue: Digital Platform. Record Date: 24.08.2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (03.08.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Regarding sale of multiple floors in Niloy Sunlife Tower
The company has informed that the Board of Directors of the company has taken a decision to sell 9th, 10th, 11th, 12th floors of Niloy Sunlife Tower measuring 12,330 square feet located at 15, Biruttam A. K Khandakar Road, Mohakhali, Dhaka-1213 subject to approval of the regulatory authorities.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on August 02, 2023 at 3:00 PM instead of July 30, 2023 to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on August 02, 2023 at 3:00 PM instead of July 30, 2023 to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023 and Second Quarter (Q2) period ended June 30, 2023 respectively.
- 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 July 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 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 July 30, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the ended First Quarter (Q1) period ended March 31, 2023 and Second Quarter (Q2) period ended June 30, 2023 respectively.
- The company has informed that Insurance Development and Regulatory Authority (IDRA) has appointed Mr. Md. Shah Alam, Dir
The company has informed that Insurance Development and Regulatory Authority (IDRA) has appointed Mr. Md. Shah Alam, Director, IDRA as Observer to the Board of Directors of the Company to protect the interest of policy holders and to ensure good governance of the Company. IDRA stated that policyholders are constantly filing complaints with IDRA (cont.)
- Appointment of Observer in Board of Directors of the Company by IDRA
(Continuation news of SUNLIFEINS): due to non-payment of insurance claims on time by Sunlife Insurance Company Limited. IDRA also added that non-payment of insurance claims on time is causing extreme dissatisfaction among customers and tarnishing the image of the insurance industry. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.