United Finance PLC. announcements
294 Dhaka Stock Exchange announcements for United Finance PLC. (UNITEDFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (22).
- Information regarding buy shares of the company
Refer to their earlier news disseminated by DSE on 11.11.2024 regarding information of buy/sale of shares of United Finance Limited, United Securities Limited has informed that buy order of entire shareholding of 65,327,877 shares, held by 3 (three) sponsors and 10 (ten) shareholding companies of United Finance Limited, has been completed. To view the information, please view the following link: https://www.dsebd.org/Annexure/2024/UNITED-FINANCE.pdf
- Sale Confirmation of a Corporate Director
Octavius Steel & Co. of Bangladesh Limited, a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 1,336,510 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 10.11.2024. Duncan Brothers (Bangladesh) Ltd., a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 1,871,145 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 10.11.2024. Camellia Duncan Foundation, a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 4,855,602 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 10.11.2024. Surmah Valley Tea Co. Ltd., a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 15,481,242 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 10.11.2024. Lawrie Group Plc., a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 37,422,921 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 10.11.2024.
- Information regarding buy/sale of shares of United Finance Limited
Refer to their earlier news disseminated by DSE on 31.10.2024 and 10.11.2024, BSEC vide its letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024 accorded its consent to the company to the execution of declared sales and buy order of entire shareholding of 65,327,877 shares, held by 3 (three) sponsors and 10 (ten) shareholding companies of United Finance Limited as per declaration subject to compliance of relevant securities laws and other applicable laws. In this connection, (cont.) (Cont. news of UNITEDFIN): the company has submitted, among others, Board extract containing information of buyers and sellers, a list of proposed shareholders intending to form the Board and Shareholding status before & after execution of trade, which is attached here as a link for information of all the stakeholders. To view the information, please click the following link: https://www.dsebd.org/Annexure/2024/United%20Finance%20Limited_2024.pdf (end)
- Sale Declaration of a Corporate Director
Referring to BSEC's letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024, Lawrie Group Plc., a Corporate Director of the Company, has expressed intention to sell its entire holding of 37,422,921 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days. Referring to BSEC's letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024, Octavius Steel & Co. of Bangladesh Limited, a Corporate Director of the Company, has expressed intention to sell its entire holding of 1,336,510 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days. Referring to BSEC's letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024, Surmah Valley Tea Co. Ltd., a Corporate Director of the Company, has expressed intention to sell its entire holding of 15,481,242 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days. Referring to BSEC's letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024, Camellia Duncan Foundation, a Corporate Director of the Company, has expressed intention to sell its entire holding of 4,855,602 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days. Referring to BSEC's letter No. SEC/SRIC/94-136/part-3/246, dated November 10, 2024, Duncan Brothers (Bangladesh) Ltd., a Corporate Director of the Company, has expressed intention to sell its entire holding of 1,871,145 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- The company has informed that the Board of Directors of the Company in its 229th meeting held on 30 October 2024 was app
The company has informed that the Board of Directors of the Company in its 229th meeting held on 30 October 2024 was apprised vide separate Board Resolutions of three (3) sponsors and ten (10) shareholding companies (\"the Shareholders\") that the Shareholders have resolved to sell their entire shareholding i.e., 65,327,877 shares in aggregate, held by them in United Finance Limited (\"the Company\"). (cont.)
- Regarding selling shares by the sponsors and shareholders
The company has further informed that after the execution of the share trade, the purchasers will be eligible to become Director(s) of the company subject to approval of regulators. (Continuation news of UNITEDFIN): In this regard, the Shareholders and the Company have executed separate Share Purchase Agreements on 30 October 2024 with the relevant purchasers. The aforesaid Share Purchase Agreements to sell the entire shareholding is subject to the necessary formalities in compliance with the laws of Bangladesh. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.05 for July-September 2024 as against Tk. 0.05 for July-September 2023; EPS was Tk. 0.22 for January-September 2024 as against Tk. 0.11 for January-September 2023. NOCFPS was Tk. (1.43) for January-September 2024 as against Tk. (0.59) for January-September 2023. NAV per share was Tk. 16.94 as on September 30, 2024 and Tk. 17.32 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 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.16 for April-June 2024 as against Tk. 0.03 for April-June 2023; EPS was Tk. 0.16 for January-June 2024 as against Tk. 0.06 for January-June 2023. NOCFPS was Tk. (3.86) for January-June 2024 as against Tk. (2.58) for January-June 2023. NAV per share was Tk. 16.89 as on June 30, 2024 and Tk. 17.32 as on December 31, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- 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 31, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed 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 up to December 31, 2023 and other available information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the company will resume on 19.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 16.05.2024.
- 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 14.05.2024 to 15.05.2024 and trading of the shares will remain suspended on record date i.e., 16.05.2024.
- (Q1 Un-audited): EPS was Tk. 0.01 for January-March 2024 as against Tk. 0.03 for January-March 2023. NOCFPS was Tk. (6.3
(Q1 Un-audited): EPS was Tk. 0.01 for January-March 2024 as against Tk. 0.03 for January-March 2023. NOCFPS was Tk. (6.32) for January-March 2024 as against Tk. (0.66) for January-March 2023. NAV per share was Tk. 17.33 as on March 31, 2024 and Tk. 17.32 as on December 31, 2023. NOCFPS for the period ended 31 March 2024 is BDT (6.32) which was BDT (0.66) in the same period of previous year. (cont.)
- Q1 Financials
(Cont. news of UNITEDFIN): Reason behind this variance is increase in cash utilisation for disbursement of loans & advances by BDT 987.41 million. On the other hand, cash generation from term & other deposits increased by BDT 127.49 million and generation of cash from operating activities increased by BDT 43.30 million while cash utilisation in various other assets & liabilities in aggregate increased by BDT 242.62 million. As a result, cash utilisation in aggregate increased by BDT 1,059.25 million. (end)
The first part of this announcement is missing from the archive. - 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 9, 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.
- The Board of Directors has recommended 6\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 13.06.2024,
The Board of Directors has recommended 6\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 13.06.2024, Time: 10:00 AM, System of Holding AGM: Hybrid System. Venue: Samson H. Chowdhury Centre, The Dhaka Club Limited, Moulana Bhashani Road, Ramna, Dhaka-1000 Record date: 16.05.2024. (cont.)
- Dividend Declaration
(Cont. news of UNITEDFIN): The Company has also reported EPS of Tk. 0.76, NAV per share of Tk. 17.32 and NOCFPS of Tk. 0.76 for the year ended December 31, 2023 as against Tk. 0.76, Tk. 17.06 and Tk. (12.47) respectively for the year ended December 31, 2022. (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 (25.04.2024) 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 April 24, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.