Union Insurance Co. Ltd. announcements
100 Dhaka Stock Exchange announcements for Union Insurance Co. Ltd. (UNIONINS) since 2022: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (22).
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from November 11, 2024 as per provision 1(e) of BSEC Directive No. BSEC/CMRRCD/2009-193/77, dated May 20, 2024 regarding non-disbursement of the approved dividend within the stipulated time frame.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Union Insurance Company Limited with effect from November 11, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.61 for July-September 2024 as against Tk. 1.13 for July-September 2023; EPS was Tk. 1.64 for January-September 2024 as against Tk. 2.83 for January-September 2023. NOCFPS was Tk. 0.24 for January-September 2024 as against Tk. 0.29 for January-September 2023. NAV per share was Tk. 19.11 as on September 30, 2024 and Tk. 17.47 as on December 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 27, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Category Change
The Company will be placed in 'A' category from existing 'Z' category with effect from October 22, 2024 as the Company has reported disbursement of 10% Cash Dividend for the year ended December 31, 2022.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase the securities of Union Insurance Company Limited in between 1st to 7th trading days following the change of categorization, with effect from October 22, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- Category Change
The Company will be placed in 'Z' category from existing 'B' category with effect from today i.e., September 26, 2024 as per provision 1(e) of BSEC Directive No. BSEC/CMRRCD/2009-193/77 dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securitities of Union Insurance Company Limited with effect from today i.e., September 26, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Credit Rating Result
WASO Credit Rating Company (BD) Ltd. has announced the Surveillance CPA (Claim Paying Ability) rating of the Company as "AA+" for long term and "ST-1" for short term along with Stable outlook based on updated audited financial statement of 2023 and other relevant qualitative and quantitative information.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.37 for April-June 2024 as against Tk. 0.81 for April-June 2023; EPS was Tk. 1.03 for January-June 2024 as against Tk. 1.70 for January-June 2023. NOCFPS was Tk. 0.15 for January-June 2024 as against Tk. 0.10 for January-June 2023. NAV per share was Tk. 18.50 as on June 30, 2024 and Tk. 17.47 as on December 31, 2023.
- Change of AGM date
Refer to their earlier news disseminated by DSE on 14.05.2024 regarding dividend declaration, the company has further informed that due to unavoidable circumstances the AGM will be held on September 29, 2024 in Digital Platform at 12:00 PM instead of earlier declared date on September 02, 2024.
- 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 August 22, 2024 at 02:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Resumption after Record date
Trading of the shares of the company will resume on 26.06.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 25.06.2024.
- 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 23.06.2024 to 24.06.2024 and trading of the shares will remain suspended on record date i.e., 25.06.2024.
- Qualified Opinion and Emphasis of Matter
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 December 31, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/may/UNIONINS.pdf
- Dividend Declaration
The Board of Directors has recommended 10% Cash Dividend for the year ended December 31, 2023. Date of AGM: 02.09.2024, Time: 12:00 PM, Venue: Virtual Platform. Record date: 25.06.2024. The Company has also reported EPS of Tk. 1.81, NAV per share of Tk. 17.47 and NOCFPS of Tk. 0.75 for the year ended December 31, 2023 as against Tk. 1.77, Tk. 16.66 and Tk. 1.33 respectively for the year ended December 31, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (14.05.2024) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.66 for January-March 2024 as against Tk. 0.89 for January-March 2023. NOCFPS was Tk. 0.10 for January-March 2024 as against Tk. 0.82 for January-March 2023. NAV per share was Tk. 18.13 as on March 31, 2024 and Tk. 17.47 as on December 31, 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 May 13, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 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 May 13, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.