DSE:UPGDCL

United Power Generation & Distribution Company Ltd. announcements

221 Dhaka Stock Exchange announcements for United Power Generation & Distribution Company Ltd. (UPGDCL) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (25).

  1. Resumption News after Record date for EGM

    Normal trading of the shares of the Company will resume on 18.11.2015 after record date for EGM.

  2. Suspension News

    Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2015 for EGM regarding amalgamation.

  3. Spot News for EGM regarding amalgamation

    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 on 16.11.2015. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2015 for EGM regarding amalgamation.

  4. EGM for amalgamation

    The Company has informed that the Board of Directors has taken the following decision: "Resolved that Scheme of Amalgamation of Shajahanullah Power Generation Company Limited and United Ashuganj Power Limited with United Power Generation and Distribution Company Limited ("the Scheme") be and is hereby approved and subject to sanction of the Scheme by the High Court Division of the Supreme Court of Bangladesh in accordance with the provisions of Section 228 and 229 of the Companies Act, 1994, let Shajahanullah Power Generation Company Limited and United Ashuganj Power Limited be amalgamated with United Power Generation and Distribution Company Limited in terms of the Scheme". The EGM will be held on 30th November, 2015 at 11:30 am. The venue of the EGM is United Hospital auditorium (8th Floor) Plot-15, Road-71, Gulshan-2, Dhaka-1212. Record Date for EGM: 17.11.2015.

  5. Q3 Financials

    EPS was Tk. 2.42 for July-September, 2015 as against Tk. 1.67 for July-September, 2014; EPS was Tk. 6.96 for January-September, 2015 as against Tk. 4.92 for January-September, 2014. NOCFPS was Tk. 7.51 for January-September, 2015 as against Tk. 5.36 for January-September, 2014. NAV per share was Tk. 34.17 as of September 30, 2015 and Tk. 26.57 as of December 31, 2014.

  6. Board Meeting

    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 18, 2015 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.

  7. Amalgamation with the Sister concerns

    The Company has informed that the Board of Directors of the Company has decided the following: (I) Subject to compliance with prescribed procedure under the Companies Act, 1994 amalgamation of the sister concerns of the Company, namely, United Ashuganj Power Limited and Shajahanullah Power Generation Company Limited (the Transferor Companies"), with the Company has been approved. This amalgamation of the Transferor Companies with the Company will boost the Company to grow its business, have efficient cost control and better utilize its assets and thereby maximizing profits (II) To approve the above matters by the Hon'ble High Court Division, an application will be filed in due course under section 228 and 229 of the Companies Act, 1994 and an Extra Ordinary General Meeting will be held under the direction of the Hon'ble Court. Furthermore, with reference to the letter dated 23 June 2015 having reference no UPGD/BOD/2015 on the above matter, UPGDCL has ninety (90) days to take all necessary steps to achieve successful acquisition of the Transferor Companies. As such, we wish to inform you that within ninety (90) days the Company has been able to finish valuation of the Transferor Companies through KPMG and a scheme for acquisition has been prepared and approved by the Company's Board at the Board Meeting dated 15 September, 2015.

  8. Address Change of Registered Office

    The Company has informed that the Registered Office of the Company has been shifted from United Centre, house # NW(J)-6, Road # 51, Gulshan-2, Dhaka-1212 to Gulshan Centre Point (8th -14th Floor), Plot No. 23-26, Road No. 90. 91, Gulshan-2, Dhaka-1212 with effect from September 6, 2015.

  9. Credit Rating Result

    Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA+" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2014, unaudited financials up to June 30, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

  10. Q2 Financials

    EPS for April-June, 2015 was Tk. 2.48 as against Tk. 1.76 for April-June, 2014, EPS for Jan-June, 2015 was Tk. 4.57 as against Tk. 3.22 for Jan-June, 2014. NOCFPS was Tk. 5.09 for Jan-June, 2015 as against Tk. 3.51 for Jan-June, 2014. NAV per share was Tk. 32.02 as of June 30, 2015 and Tk. 26.79 as of December 31, 2014.

  11. Category Change

    The Company will be placed in "A" category from existing "N" category with effect from July 27, 2015 as the Company has reported disbursement of 35% cash dividend for the year ended on December 31, 2013 and 30% cash dividend and 10% stock dividend for the year ended on December 31, 2014 .

  12. Dividend Disbursement

    The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts.

  13. Resumption News after Record Date

    Normal trading of the shares of the Company will resume on 21.05.2015 after record date.

  14. Suspension News for Record Date

    Trading of the shares of the Company will remain suspended on record date i.e., 20.05.2015.

  15. Spot News for AGMs

    Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 18.05.2015 to 19.05.2015. Trading of the shares of the Company will remain suspended on record date i.e., 20.05.2015.

  16. Q1

    Net Profit after tax from Jan15 to March15 was Tk. 741.42 million with basic EPS of Tk. 2.38 as against Tk. 517.14 million and Tk. 1.74 respectively for the same period of the previous year. However, considering proposed bonus share 10% for the year 2014, restated basic EPS will be Tk. 2.15 as on 31.03.2015 and Tk. 1.57 as on 31.03.2014.

  17. Dividend

    The Board of Directors has recommended 30% cash dividend and 10% stock dividend for the year ended on 31.12.2014 and 35% cash dividend for the year ended on 31.12.2013. Date of AGMs for 2013 & 2014: 24.06.2015, Time of AGMs: 11:00 AM and 12:00 noon respectively, Venue: Army Golf Club, Airport road, Dhaka. Record Date for both AGMs: 20.05.2015. The Company has also reported Net Profit of Tk. 2,464.63 million, Basic EPS of Tk. 8.30, NAV per share of Tk. 31.94 and NOCFPS of Tk. 8.99 for the year ended on 31.12.2014 as against Tk. 1,774.43 million, Tk. 5.98, Tk. 23.64 and Tk. 6.89 respectively for the year ended on 31.12. 2013.

  18. no price limit today

    There will be no price limit on the trading of the shares of the Company today (30.04.2015) following its corporate declaration.<br>

  19. Reschedule of Board Meeting under LR 30

    The Company has further informed that the meeting of the Board of Directors of the Company will now be held on April 29, 2015 at 2:30 PM instead of 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.

  20. Board Meeting

    As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.

  21. DSE query (Repeat)

    In response to a DSE query dated April 15, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

  22. DSE query

    In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

  23. Trade Debut

    Trading of the shares of United Power Generation &amp; Distribution Company Limited will commence at DSE today (April 05, 2015) under N category. DSE Trading Code for United Power Generation &amp; Distribution Company Limited is UPGDCL and DSE Company Code is 15318.

  24. Q3 Financials

    The Company has reported its profit after tax Tk. 596.47 million and basic EPS Tk. 2.01 for the 3 months ended on 30 September 2014 (Jul 2014 - Sep 2014) as against profit after tax of Tk. 503.25 million and basic EPS of Tk. 1.69 for the same period of the previous year. It is to be noted that basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 296,949,726 shares for both periods. However, considering Post-IPO 329,949,726 number of shares the Companys basic EPS for the 3 months ended on 30 September 2014 would be Tk. 1.81. For the period of 9 months (Jan 2014 - Sep 2014) ended on 30 September 2014 profit after tax was Tk. 1,757.84 million and basic EPS was Tk. 5.92 as against profit after tax of Tk. 1,344.50 million and basic EPS of Tk. 4.53 for the same period of the previous year. It is to be noted that the said EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 296,949,726 shares for both periods. However, considering Post-IPO 329,949,726 number of shares, Companys basic EPS would be Tk. 5.33 for 9 months ended on 30 September 2014 (Jan 2014 - Sep 2014) and NAV per share would be Tk. 33.81 as on 30 September 2014.

  25. Q3 Financials Earnings

    United Power Generation &amp; Distribution Company Limited: (Q3): The Company has reported its profit after tax Tk. 596.47 million and basic EPS Tk. 2.01 for the 3 months ended on 30 September 2014 (Jul 2014 - Sep 2014) as against profit after tax of Tk. 503.25 million and basic EPS of Tk. 1.69 for the same period of the previous year. It is to be noted that basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 296,949,726 shares for both periods. However, considering Post-IPO 329,949,726 number of shares the Companys basic EPS for the 3 months ended on 30 September 2014 would be Tk. 1.81. For the period of 9 months (Jan 2014 - Sep 2014) ended on 30 September 2014 profit after tax was Tk. 1,757.84 million and basic EPS was Tk. 5.92 as against profit after tax of Tk. 1,344.50 million and basic EPS of Tk. 4.53 for the same period of the previous year. It is to be noted that the said EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 296,949,726 shares for both periods. However, considering Post-IPO 329,949,726 number of shares, Companys basic EPS would be Tk. 5.33 for 9 months ended on 30 September 2014 (Jan 2014 - Sep 2014) and NAV per share would be Tk. 33.81 as on 30 September 2014.

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.