United Insurance Company Limited announcements
288 Dhaka Stock Exchange announcements for United Insurance Company Limited (UNITEDINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (29).
- 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 Insurance Company Ltd., United Securities Limited has informed that buy order of entire shareholding of 23,690,950 shares, held by 7 (seven) sponsors and director shareholders and 3 (three)public shareholders of United Insurance Company Ltd., has been completed. To view the information, please view the following link: https://www.dsebd.org/Annexure/2024/UNITED-INSURANCE.pdf
- Sale Confirmation of a Corporate Director
The Chandpore Tea Company Limited, a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 2,521,571 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the 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 4,450,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024. Amo Tea Co. Ltd., a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 3,380,220 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024. The Allynugger Tea Co. Ltd., a Corporate Director of the Company, has further informed that it has completed the sale of its entire holding of 2,595,764 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024.
- Sale Confirmation of a Corporate Sponsor
Macalms Bangladesh Trust, a Corporate Sponsor Director of the Company, has further informed that it has completed the sale of its entire holding of 4,449,931 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024. Duncan Brothers (Bangladesh) Ltd., a Corporate Sponsor of the Company, has further informed that it has completed the sale of its entire holding of 815,790 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024. Octavius Steel & Co. of Bangladesh Ltd., a Corporate Sponsor of the Company, has further informed that it has completed the sale of its entire holding of 444,931 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per the declaration disseminated on 10.11.2024.
- Information regarding buy/sale of shares of United Insurance Company
Refer to their earlier news disseminated by DSE on 31.10.2024, 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 for entire shareholding of 23,690,950 shares, held by 7 (seven) sponsor and director shareholders and 3 (three) public shareholders of United Insurance Company Ltd. as per declaration subject to compliance of relevant securities laws and other applicable laws. In this respect, (cont.) (Cont. news of UNITEDINS): 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%20Insurance%20Company%20Ltd_2024.pdf (end)
- Sale Declaration of a corporate sponsor
Referring to BSEC's letter no. SEC/SRIC/94-136/Part-3/246 dated November 10, 2024, Duncan Brothers (Bangladesh) Ltd., a corporate sponsor of the company, has expressed its intention to sell its entire holding of 815,790 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 Ltd., a corporate sponsor of the company, has expressed its intention to sell its entire holding of 444,931 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- Sale Declaration of a corporate director
Referring to BSEC's letter no. SEC/SRIC/94-136/Part-3/246 dated November 10, 2024, The Chandpore Tea Company Limited, a corporate director of the company, has expressed its intention to sell its entire holding of 2,521,571 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 its intention to sell its entire holding of 4,450,000 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, The Allynugger Tea Co. Ltd., a corporate director of the company, has expressed its intention to sell its entire holding of 2,595,764 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, Amo Tea Co. Ltd., a corporate director of the company, has expressed its intention to sell its entire holding of 3,380,220 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- Sale Declaration of a corporate sponsor director
Referring to BSEC's letter no. SEC/SRIC/94-136/Part-3/246 dated November 10, 2024, Macalms Bangladesh Trust, a corporate sponsor director of the company, has expressed its intention to sell its entire holding of 4,449,931 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 in compliance with the BSEC regulations, the Board of Directors of the Company, was inform
The company has informed that in compliance with the BSEC regulations, the Board of Directors of the Company, was informed vide separate board resolutions of seven (7) sponsor and director shareholders and three (3) public shareholders (\"the Shareholders\") that the Shareholders in their respective board meetings have resolved to sell their entire shareholding i.e., 23,690,950 shares, held by them in United Insurance Company Limited (\"the Company\"). (cont.1)
- (cont. news of UNITEDINS): In this regard, the Shareholders and the Company have executed separate Share Purchase Agreem
(cont. news of UNITEDINS): In this regard, the Shareholders and the Company have executed separate Share Purchase Agreements on 30 October, 2024 with the relevant purchasers. After the execution of the share trades, the new purchasers will be the sponsors of the company. They will become the directors of the company subject to regulatory approval. (cont.2)
The first part of this announcement is missing from the archive. - Regarding selling of Sponsors' and/or Directors' Shares
(cont. news of UNITEDINS): The above said Share Purchase Agreements to sell of the entire shareholdings of the Shareholders is subject to the necessary formalities in compliance with the laws of Bangladesh. (end)
The first part of this announcement is missing from the archive. - (Q3 Un-audited): EPS was Tk. 0.44 for July-September 2024 as against Tk. 0.04 for July-September 2023; EPS was Tk. 1.55
(Q3 Un-audited): EPS was Tk. 0.44 for July-September 2024 as against Tk. 0.04 for July-September 2023; EPS was Tk. 1.55 for January-September 2024 as against Tk. 1.07 for January-September 2023. NOCFPS was Tk. 0.43 for January-September 2024 as against Tk. 0.67 for January-September 2023. NAV per share was Tk. 29.39 as on September 30, 2024 and Tk. 31.42 as on December 31, 2023. (cont.)
- Q3 Financials
(Cont. news of UNITEDINS): Reasons for deviation: EPS is higher than same period of previous year due to higher underwriting profit and investment income. The NOCPS is lower than corresponding period of previous year due to higher payment of Tax. The NAVPS of the company has been decreased due to investment in shares are presented at fair value. (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 October 29, 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 Un-audited): EPS was Tk. 0.73 for April-June 2024 as against Tk. 0.81 for April-June 2023; EPS was Tk. 1.10 for Janu
(Q2 Un-audited): EPS was Tk. 0.73 for April-June 2024 as against Tk. 0.81 for April-June 2023; EPS was Tk. 1.10 for January-June 2024 as against Tk. 1.03 for January-June 2023. NOCFPS was Tk. (0.38) for January-June 2024 as against Tk. 0.89 for January-June 2023. NAV per share was Tk. 26.85 as on June 30, 2024 and 31.42 as on December 31, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.)
- Q2 Financials
(Continuation news of UNITEDINS): The EPS was higher due to higher interest income and lower claim expenses. Decrease of NOCFPS due to lower collection of premium and higher payment to government exchequer. NAVPS decreased due to decrease in fair/market value of shares. (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 July 30, 2024 at 02:45 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
Credit Rating Information and Services Limited (CRISL) has assigned Entity and CPA rating of the company as 'AAA' in the long term along with Stable outlook in consideration of its audited financials up to December 31, 2023 also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- (Q1 Un-audited): EPS was Tk. 0.38 for January-March 2024 as against Tk. 0.22 for January-March 2023. NOCFPS was Tk. 0.21
(Q1 Un-audited): EPS was Tk. 0.38 for January-March 2024 as against Tk. 0.22 for January-March 2023. NOCFPS was Tk. 0.21 for January-March 2024 as against Tk. 0.16 for January-March 2023. NAV per share was Tk. 28.88 as on March 31, 2024 and Tk. 31.42 as on December 31, 2023. Reasons for deviations: Increase of NOCPS in the 1st quarter of 2024 than previous period is due to lower payment of reinsurance premium, expenses and claims. (cont.)
- Q1 Financials
(Continuation news of UNITEDINS): The EPS was higher in the 1st quarter of 2024 than the corresponding period of 2023 due to higher interest income and lower claim expenses. NAVPS in the 1st quarter of 2024 decreased than previous period due to decrease in fair/market value of shares of United Finance Ltd. during the period. (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 05, 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.
- Change of AGM platform of the company
Refer to their earlier news disseminated on 28.02.2024 regarding dividend declaration, the company has further informed that the Board of Directors has decided to conduct the 39th AGM of United Insurance Company Ltd. by using Digital Platform through the link: https://agmbd.live/unitedinsurance2024 instead of Hybrid System scheduled to be held on Tuesday, April 30, 2024. All other declarations issued earlier will remain unchanged.
- Resumption after Record Date
Trading of the shares of the company will resume on 24.03.2024.
- Suspension for Record date.
Trading of the shares of the company will remain suspended on record date i.e., 21.03.2024.
- 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 19.03.2024 to 20.03.2024 and trading of the shares will remain suspended on record date i.e., 21.03.2024.
- The Board of Directors has recommended 10.00\% cash dividend for all shareholders for the year ended on 31-Dec-2023. Dat
The Board of Directors has recommended 10.00\% cash dividend for all shareholders for the year ended on 31-Dec-2023. Date of AGM: 30-Apr-2024, Time: 11:00 AM, Venue: Hybrid system by using physical place at Dhaka Ladies Club, 36 Eskaton Garden Road, Dhaka and digital platform. Record Date: 21-Mar-2024. The Company has also reported EPS of Tk. 1.78 (solo), NAV per share of Tk. 31.42 (solo) and NOCFPS of Tk. 0.51 (solo) for the year ended on 31-Dec-2023 as against Tk. 1.75 (solo), Tk. 32.68 (solo) (cont.)
- Dividend Declaration
(Continuation news of UNITEDINS): and Tk. 0.69 (solo) respectively for the same period of the previous year. Deviations from previous years (i) The EPS was little higher in 2023 due to increase premium income interest income and unrealised gain in investment (ii) The NAVPS was decreased in 2023 than previous year due to prior year adjustment of reinsurance payable (iii) The NOCFPS was lower in 2023 than the previous year due to higher payment of claims and reinsurance premium (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 (28.02.2024) 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 February 27, 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.