United Commercial Bank PLC announcements
541 Dhaka Stock Exchange announcements for United Commercial Bank PLC (UCB) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (26).
- Formation of a Subsidiary Company to Provide Mobile Financial Services
The Company has informed that the Board of Directors has decided to form a Subsidiary Company of UCB, aiming to provide Mobile Financial Services (MFS) subject to completion of all regulatory formalities. Initial Authorized and Paid-up Capital of this subsidiary company will be Tk. 500.00 crore and Tk. 50.00 crore respectively which shall be increased from time to time as per investment requirement of the regulatory authority. (cont.) (Continuation news of UCB): The company will hold at least 51% shares of the Subsidiary Company and rest 49% shares may be offered to national/ international reputed MFS/DFS providers as per MFS guidelines of Bangladesh Bank. (end)
- Appointment of Managing Director
The Company has informed that Mr. Mohammed Shawkat Jamil has been assumed as the Managing Director of the Company with effect from November 13, 2018.
- Withdrawal of Authorized Representative
Withdrawal of Authorized Representative: UCB Capital Management Ltd. (DSE TREC No. 181) has withdrawn one of its Authorized Representatives, Mr. Mohd. Taneem Hasan, with immediate effect.
- Consent accorded by BSEC for issuing Subordinated Bond
With reference to their earlier news disseminated on 30.08.2018 regarding Issuance of UCB 4th Subordinated Bond, the Company has further informed that BSEC has given consent under the provisions of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012, for raising of Tier-II Regulatory Capital of the company of Tk. 800.00 crore through issuance of Unsecured, Non-convertible, (cont.) (Continuation news of UCB): Non-listed and Redeemable UCB Fourth Subordinated Bond for 7 (Seven) years tenure with interest of Benchmark rate plus 2.50% p.a. margin with coupon floor rate of 7.00% p.a. and coupon Celling Rate of 10.50% p.a. subject to approval from Bangladesh Bank. (end)
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.73 for July-September 2018 as against Tk. 1.25 for July-September 2017; Consolidated EPS was Tk. 1.78 for January-September 2018 as against Tk. 2.50 for January-September 2017. Consolidated NOCFPS was Tk. (6.04) for January-September 2018 as against Tk. 11.88 for January-September 2017. Consolidated NAV per share was Tk. 26.27 as on September 30, 2018 and Tk. 25.38 as on September 30, 2017.
- 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 23, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Withdrawal of Authorized Representative
Withdrawal of Authorized Representative: UCB Capital Management Limited (DSE TREC No. 181) has withdrawn one of its Authorized Representatives, Mr. Ashfaque Mahmood, with immediate effect.
- Issuance of Unsecured, Non-Convertible, Non-Listed & Redeemable Sub. Bond
The Company has informed that the Board of Directors has approved the issuance of Unsecured, Non-Convertible, Non-Listed and Redeemable UCB 4th Subordinated Bond of Tk. 800.00 Crore for 7 years as a part of Tier-II Regulatory Capital of the Bank, subject to approval of the Regulatory Authorities.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.74 for April-June, 2018 as against Tk. 1.15 for April-June, 2017; Consolidated EPS was Tk. 1.05 for January-June, 2018 as against Tk. 1.25 for January-June, 2017. Consolidated NOCFPS was Tk. (9.42) for January-June, 2018 as against Tk. 2.55 for January-June, 2017. Consolidated NAV per share was Tk. 25.54 as on June 30, 2018 and Tk. 24.14 as on June 30, 2017.
- 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 09, 2018 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2018.
- Buy confirmation of a Sponsor Director
Mr. M A Sabur, one of the Sponsors Directors of the Company, has further reported that he has completed buying of 3,61,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy declaration of a Sponsor Director
Mr. M A Sabur, one of the Sponsors Directors of the Company, has expressed his intention to buy 3,61,000 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (CSE) within next 30 working days.
- Dividend Disbursement
The Company has informed that Cash Dividend for the year ended on December 31, 2017 has been disbursed to the respective shareholders' Bank accounts through BEFTN, EFT and Warrant from 03.05.2018 to 30.05.2018. The remaining un-remitted cash dividends, due to non-availability of BEFTN facilities or error in information have been dispatched by courier services to the respective shareholders' address registered with the bank on 30.05.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.31 for January-March 2018 as against Tk. 0.10 for January-March 2017. NOCFPS was Tk. 1.88 for January-March 2018 as against Tk. (2.28) for January-March 2017. NAV per share was Tk. 25.80 as on March 31, 2018 and Tk. 24.57 as on March 31, 2017.
- Q1 Financials (Correction News)
(Correction): (Q1 Un-audited): Consolidated EPS was Tk. 0.31 for January-March 2018 as against Tk. 0.10 for January-March 2017. Consolidated NOCFPS was Tk. 1.88 for January-March 2018 as against Tk. (2.28) for January-March 2017. Consolidated NAV per share was Tk. 25.80 as on March 31, 2018 and Tk. 24.57 as on March 31, 2017.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the Surveillance rating of the Company as "AA" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements of the company up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating.
- 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, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Time and Venue of AGM
The Company has further informed that the 35th AGM will be held on April 30, 2018 at 10:00 AM at Banquet Hall, Kurmitola Golf Club (KGC), Dhaka Cantonment, Dhaka. The other information will remain unchanged.
- Resumption after record date
Trading of the shares of the Company will resume on 12.04.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 11.04.2018.
- Spot News
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 09.04.2018 to 10.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 11.04.2018.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2017. Date of AGM: 30.04.2018, Time and Venue: To be notified later on. Record date: 11.04.2018. The Company has also reported Consolidated EPS of Tk. 2.58, Consolidated NAV per share of Tk. 25.49 and Consolidated NOCFPS of Tk. 2.04 for the year ended on December 31, 2017 as against Tk. 2.49, Tk. 24.50 and Tk. 2.25 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (21.04.2018) following its corporate declaration.
- Furnishing e-TIN Number and Information relating to Margin Loan
The Company has requested the shareholders, to update their Bank Accounts, Address, Mobile No. & e-mail address through their respective DPs before the record date; the shareholders are requested to update their respective BO account with 12 digits e-TIN number through their respective DPs before the Record Date. If anyone fails to update their e-TIN in BO Account before the Record Date, disbursement of respective cash dividend will be subject to deduction of AIT @ 15% instead of 10% (cont.) (Continuation news of UCB): as per regulation. The concerned Brokerage Houses are also requested to provide the statement with the details (shareholders' name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) of their margin loan holders, as on record date, to the Company's share office on or before 19.04.2018. The Brokerage Houses are also requested to provide their bank account names and account numbers, routing numbers etc.(end)
- Price Limit Open (Correction)
Correction: There will be no price limit on the trading of the shares of the Company today (21.03.2018) following its corporate declaration.
- 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 March 20, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.