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 2016 (25).
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the initial rating of the Company as "AAA" in the long term and "ECRL-1" in the short term along with a Stable outlook of the Company based on financials up to June 30, 2016 and other relevant quantitative and qualitative information up to date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed final cash dividend for the year ended on June 30, 2016 to the shareholders' bank account through BEFTN on November 10, 2016.
- Q1
EPS was Tk. 2.83 for July-September, 2016 as against Tk. 2.42 for July-September, 2015; NOCFPS was Tk. 3.07 for July-September, 2016 as against Tk. 2.46 for July-September, 2015. NAV per share was Tk. 37.05 as of September 30, 2016 and Tk. 34.22 as of June 30, 2016.
- 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 November 07, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- Information for Brokerage houses
The Company has requested the concerned Brokerage Houses/DPs/TREC Holders to provide details of their margin loan holders entitled to final cash dividend for 18 months ended June 30, 2016 with the details (shareholder's name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) are requested to provide the same (hard copy and soft copy to [email protected] or [email protected]) or on before November 06, 2016. The Brokerage Houses/DPs/TREC Holders are requested to provide their bank account name, account number, routing number etc.
- Resumption after record date
Trading of the shares of the Company will resume on 13.10.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 10.10.2016.
- Spot for AGM
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 06.10.2016 to 09.10.2016. Trading of the shares of the Company will remain suspended on record date i.e., 10.10.2016.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.09.2016) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 45% final cash dividend out of the net profit of the Company for 18 months period ended on June 30, 2016. (i.e. total 125% cash dividend for the period inclusive of 80% Interim Cash Dividend which has already been paid). Date of AGM: 29.10.2016, Time: 10:00 AM, Venue: Golf Garden, Army Golf Club, Airport road, Dhaka. Record Date: 10.10.2016. (Continuation news of UPGDCL): The Company has reported EPS of Tk. 15.57, NAV per share of Tk. 34.50 and NOCFPS of Tk. 16.10 for the 18 months period from January 01, 2015 to June 30, 2016.(end)
- 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 September 19, 2016 at 4:30 PM to consider, among others, audited financial statements of the Company for the period of 18 months ended on June 30, 2016.
- Disposition of the Civil petition for Leave to Appeal
With reference to their earlier news (Disseminated by DSE on July 28, 2016) regarding Revocation of Special resolution for approving amalgamation scheme, the Company has further informed that the Hon'ble Judge-in-Chamber of the Hon'ble Appellate Division of the Supreme Court of Bangladesh passed an Order on August 04, 2016; disposing the Civil Petition for leave to appeal no. 1572 of 2016 as prayed.
- Revocation of Special resolution for approving amalgamation scheme
The Company has informed that the Board of Directors of the Company has decided the following: 'That the shareholders of Shajahanullah Power Generation Company Ltd. (SPGCL) and United Ashuganj Power Ltd. (UAPL) by a Special Resolution passed on 29.11.2015 approved the Scheme of Amalgamation of Shajahanullah Power Generation Company Ltd. (SPGCL) and United Ashuganj Power Ltd. (UAPL) with United Power Generation and Distribution Company Ltd. (UPGDCL).Accordingly, the Hon'ble High Court by its Judgment and order dated 02.03.2016 sanctioned the Scheme of Amalgamation of SPGCL & UAPL with UPGDCL. Now, the shareholders of UAPL & SPGCL by a Special Resolution dated 27.07.2016 revoked, cancelled and set aside the said Special Resolution and also the Scheme of Amalgamation approved on 29.11.2015 and decided not be merged or amalgamated with United Power Generation and Distribution Company Limited, subject to permission of the Hon'ble Appellate Division in the Civil Petition for Leave to Appeal No. 1572 of 2016 filed by the BSEC challenging the judgment and order dated 02.03.2015 passed in Company Matter No. 236 of 2015 sanctioning the Scheme of Amalgamation. The Board of Directors of UPGDCL recorded the facts of revocation, cancellation and setting aside of the Special Resolution dated 29.11.2015 of approving the Scheme of Amalgamation of SPGCL & UAPL with the Company UPGDCL by their respective Special Resolution passed by UAPL & SPGCL.
- Interim Dividend Disbursement
The Company has informed that Interim Cash Dividend for the year ending June 30, 2016 has been disbursed.
- Status-quo on the amalgamation by the Supreme Court
The Company has informed that the Hon'ble Judge-in-Chamber of Hon'ble Appellate Division of the Supreme Court of Bangladesh passed an order for maintaining status-quo in relation to the judgment and order dated 02.03.2016 passed in Company matter No. 236 of 2015 sanctioning amalgamation of United Ashuganj Power Ltd. (UAPL) and Shajahanullah Power Generation Company Limited (SPGCL) with United Power Generation and Distribution Company Ltd. (UPGDCL). The Company has further informed that the Hon'ble Judge-in-Chamber of Hon'ble Appellate Division of the Supreme Court of Bangladesh passed the order for maintaining status-quo on the amalgamation for a period of eight weeks.
- Information for Brokerage houses relating to Margin Loan
The Company has requested the concerned Brokerage Houses/DPs/TREC Holders to provide details of their margin loan holders entitled to interim cash dividend for the 18 months ended June 30, 2016 with the details (shareholder's name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) are requested to provide the same (hard copy and soft copy to [email protected] or [email protected]) by June 2, 2016. The Brokerage Houses/DPs/TREC Holders are requested to provide their bank account name, account number, routing number etc.
- Resumption after Record
Trading of the shares of the Company will resume on 26.05.2016 after record date.
- Suspension news
Trading of the shares of the Company will remain suspended on record date i.e., 25.05.2016 for entitlement of interim dividend.
- 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 22.05.2016 to 24.05.2016. Trading of the shares of the Company will remain suspended on record date i.e., 25.05.2016 for entitlement of interim dividend.
- Interim Dividend
The Board of Directors has recommended 80% interim cash dividend out of the provisional net profit of the Company up to December 31, 2015. The Company has decided to extend its financial year for 18 months ending on 30th June 2016 to comply with the Finance Act 2015. Accordingly the AGM of 2016 will be held after completing the 18 months i.e. after June 2016. Record Date: 25.05.2016. The Company has also reported EPS of Tk. 10.42, NAV per share of Tk. 37.55 and NOCFPS of Tk. 9.44 for the period ended on December 31, 2015 as against Tk. 7.55 (restated), Tk. 29.04 (restated) and Tk. 7.79 (restated) respectively for the period ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.04.2016) following its corporate declaration.
- Q1 Financials
EPS for January-March, 2016 was Tk. 3.02 as against Tk. 2.17 for January-March, 2015; NOCFPS was Tk. 3.27 for January-March, 2016 as against Tk. 2.59 for January-March, 2015. NAV per share was Tk. 40.07 as of March 31, 2016 and Tk. 37.55 as of December 31, 2015.
- 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 April 27, 2016 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016. 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 27, 2016 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Sanctioning the amalgamation scheme by the High Court
The Company has informed that upon hearing of the application filed under section 228 and 229 of the Companies Act, 1994 before the Hon'ble High Court Division by United Power Generation and Distribution Company Ltd. (the "Company") for merger of United Ashuganj Power Ltd. (UAPL) and Shajahanullah Power Generation Company Limited (SPGCL) (the "Transferor Companies")with the Company in terms of the Scheme of Amalgamation, the Hon'ble High Court Division, by judgment and Order dated 2nd March, 2016, has been pleased to allow the application and sanctioned the Scheme of Amalgamation of UAPL & SPGCL with the Company.
- Regarding publication of a news in daily online portal of Arthosuchak
The Company has informed that "The news published in the online portal of the daily Arthosuchak on 19th January, 2016 regarding the loan sanctioning by the World Bank amounting to Tk. 468.00 crore to the company is not correct. Therefore the company is requesting the daily Arthosuchak to publish a corrigendum immediately". The company also requests all concerns to contact the respective authority before publishing any news about the company.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.