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 2018 (35).
- Final and Interim Dividend declared by the Subsidiary Company of UPGDCL
The Company has informed that the Board of Directors of United Ashuganj Energy Ltd. (UAEL), the 195 MW (Gas Based) power plant operated under the PPP model, in its 30th and 31st meetings has declared the following final and interim dividend: i) 8.75% final dividend for the 4th quarter 2017-18 involving Tk. 350,392,788.00 based on the audited financial statements for that year 2017-18. During the year, the company paid total 41.75% Cash Dividend equivalent to Tk. 1,671,874,161.00. (cont.) (Continuation news of UPGDCL): ii) 9.75% interim dividend for the 1st quarter of the financial year 2018-19 based on the un-audited financial statements for that Quarter. It is to be informed that UEL is a Subsidiary of United Power Generation & Distribution Company Ltd., that owns 92.41% shares of UAEL, with effect from 1st July, 2018. (end)
- Cash Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective Shareholders Bank Accounts through BEFTN.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 3.71 for July-September, 2018 as against Tk. 2.23 (Solo) for July-September, 2017; Consolidated NOCFPS was Tk. 2.98 for July-September, 2018 as against Tk. 2.26 (Solo) for July-September, 2017. Consolidated NAV per share was Tk. 58.02 as on September 30, 2018 and Tk. 34.00 (Solo) as on June 30, 2018.
- Decision to acquire 99% shares of a sister concern; UEL
Referring to their earlier news disseminated on 28.06.2018, The Company has further informed that the Board of Directors has decided to acquire 99% shares of United Energy Limited (UEL), a sister concern of the United Group, at face value. The company also informed the following: a. UEL is also a power generation company established under the Private Sector Power Generation Policy of Bangladesh. The company is operating 2 power plants; (cont.) (Continuation news of UPGDCL): UAEL is a PPP (Public Private Partnership) project having a fixed term of 15 years from the date of commercial operation (8th May, 2015). These are subject to necessary Regulatory and Contractual Clearances, if any. The company has also stated that this is in replacement of their earlier PSI news disseminated on 28.06.2018. (end) (Continuation news of UPGDCL): 53 MW at Ashuganj and 28 MW at Sylhet respectively. B. UEL also has equity (92.41%) investment in the United Ashuganj Energy Ltd. (UAEL), a company having generation capacity of 195 MW power (Gas Based) located at Ashuganj, Brahmanbaria-3402. (cont. 2)
- New Date of Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a meeting of the Board of Directors will be held on November 15, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2018 to the respective shareholders' BO Accounts on November 04, 2018.
- Information for Brokerage Houses/DPs/TREC Holders regarding Margin Loan
The Company has requested the concerned Brokerage Houses/DPs/TREC Holders to provide details of their margin loan holders entitled to cash dividend for the year ended on June 30, 2018 with the details (shareholders' name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) and (cont) (Continuation news of UPGDCL): to provide the same (hard copy and soft copy to [email protected] or [email protected]) or on before November 06, 2018. The Brokerage Houses/DPs/TREC Holders are requested to provide their bank account name, account number, routing number etc. (end)
- Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on October 30, 2018 as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018, has been postponed.
- Off Market Transaction as per BSEC approval
The Company has informed that BSEC has approved the transfer of 12,74,69,456 ordinary shares of Khulna Power Company Limited and 35,93,09,162 ordinary shares of United Power Generation & Distribution Company Ltd. through Off Market Transaction without trading in the Stock Exchange under the provision of Regulation 42 of Depository (User) Regulations, 2003 and CDBL Bye Laws 11.6 (Matched Transaction) from United Energy Limited (cont. 1) (Continuation news of UPGDCL): to United Mymensingh Power Ltd. as well as granted waiver from rules 4 to 10 of the Bangladesh Securities and Exchange Commission (Acquisition of Substantial Share, Take Over and Control) Rules, 2018, pursuant to the Rule 16 of the said Rules, subject to compliance with the relevant provisions of the Depository (User) Regulations, 2003 and CDBL Bye Laws in respect of execution of this transaction. (cont. 2) (Continuation news of UPGDCL): They also informed that due to transfer of UPGDCL shares belonging to the United Energy Ltd. (UEL), holding of directors position in the Board of UPGDCL by dint of nomination from the UEL, have now been re-nominated from the United Mymensingh Power Ltd. (UMPL); (cont. 3) (Continuation news of UPGDCL): being the majority shareholder of the company that has become a corporate director of the company. In view of the above, total number of Directors shall remain unchanged and also the persons represented in the Board as was at the time of transfer of shares. Accordingly, the Board of the company has been reconstituted. (end)
- 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 30, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Query Response
In response to a DSE query dated October 08, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Updating information
The Company has requested the concerned Brokerage Houses/DPs/TREC Holders to provide the shareholders' e-mail address along with BO account no as contained in the respective BO accounts maintained in soft copy to [email protected] or [email protected] on or before October 10, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 09.09.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 06.09.2018.
- 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 04.09.2018 to 05.09.2018. Trading of the shares of the Company will remain suspended on record date i.e., 06.09.2018.
- Dividend Declaration
The Board of Directors has recommended 90% cash dividend and 20% stock dividend for the year ended on June 30, 2018. Date of AGM: 30.10.2018, Time: 10:30 AM Venue: Golf Garden, Army Golf Club, Airport Road, Dhaka. Record Date: 06.09.2018. The Company has also reported EPS of Tk. 11.51, NAV per share of Tk. 40.80 and NOCFPS of Tk. 10.81 for the year ended on June 30, 2018 as against Tk. 10.46, Tk. 37.47 and Tk. 10.00 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.08.2018) 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 August 08, 2018 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Decision to acquire majority shares in the United Ashuganj Energy Ltd.
The Company has informed that the Board of Directors has decided to acquire majority shares (92.41%) at Face Value, in Principal, in the United Ashuganj Energy Ltd. (UAEL), a company having generation capacity of 195 MW power (Gas Based) located at Ashuganj, Brahmanbaria-3402. UAEL is a PPP (Public Private Partnership) Project with the Ashuganj Power Station Company Limited (APSCL) and has a fixed term of 15 years from the date of Commercial Operations i.e May 08, 2015. (cont. 1) (Continuation news of UPGDCL): The above acquisitions are subject to the clearances from the Power Division, Ministry of Power Energy & Mineral Resources and Foreign/Local Lenders, as applicable, with retrospective effect from July 01, 2018. The company will hold an EGM in this respect to get approval from the shareholders of the Company. Details of the EGM, record date, time, venue etc. will be notified subsequently. (end) (Continuation news of UPGDCL): The Board has also decided to acquire through outright purchase the 53 MW power generation plant (gas based) located at Char Chartola, Ashuganj, Brahmanbaria, belonging to the United Energy Ltd. (UEL), at the Net Asset Value of the plant. (cont. 2)
- Query Response
In response to a DSE query dated June 18, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response on a news published in the newspaper
In response to a DSE query dated May 15, 2018 regarding a news published in the newspaper with regard to "United Power is purchasing 3 power plants of the group", the Company has given the following response: "We categorically express that we are not in a position to subscribe as to the authenticity of the news. United Power Generation & Distribution Company Limited (UPGDCL) being a listed company operates (cont.) (Continuation news of UPGDCL): following certain standards/norms conforming to the applicable regulatory precincts. In this regard, we would like to assure you that any strategic decisions by the company should be done following appropriate norms of business and if applicable, proper market disclosures (PSI) will be provided. The Board in principle has not taken any decision in this matter till date". (end)
- Query Response
In response to a DSE query dated May 06, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.88 for January-March 2018 as against Tk. 2.77 for January-March 2017; EPS was Tk. 8.41 for July 2017-March 2018 as against Tk. 8.05 for July 2016-March 2017. NOCFPS was Tk. 8.00 for July 2017-March 2018 as against Tk. 8.60 for July 2016-March 2017. NAV per share was Tk. 37.71 as on March 31, 2018 and Tk. 37.47 as on June 30, 2017.
- 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 April 22, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of the Company as "AAA" in the long term and "ST-1" in the short term along with a stable outlook based on financial statements of the Company up to June 30, 2017 and other relevant quantitative and qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed Cash Dividend for the year ended on June 30, 2017 to the respective shareholders' Bank Accounts through BEFTN on February 18, 2018.
- Dividend Disbursement
The Company has informed that it has credited bonus share for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on February 14, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.85 for October-December, 2017 as against Tk. 2.70 for October-December, 2016; EPS was Tk. 5.53 for July-December, 2017 as against Tk. 5.28 for July-December, 2016. NOCFPS was Tk. 4.93 for July-December, 2017 as against Tk. 5.69 for July-December, 2016. NAV per share was Tk. 43.01 as on December 31, 2017 and Tk. 37.47 as on June 30, 2017.
- Information for Brokerage Houses/DPs/TREC Holders regarding Margin Loan
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 the year ended on June 30, 2017 with the details (shareholders' name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) and to provide the same (hard copy and soft copy to [email protected] or [email protected]) or on before February 04, 2018. (cont) (Continuation news of UPGDCL): The Brokerage Houses/DPs/TREC Holders are requested to provide their bank account name, account number, routing number etc. this is for those who are yet to provide the information details of their Margin Loan Holders entitles to Cash Dividend for the year ended on June 30, 2017. (end)
- 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 January 27, 2018 at 1:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Time and Venue of the AGM
With reference to their earlier news disseminated on 17.12.2017 the Company has further informed that the Honorable High Court Division of the Supreme Court has granted the permission to hold the 10th AGM on 27.01.2018 at 10:30 AM at Senamalancha, Dhaka Cantonment - 1206.
- Completion of Sponsor Share Transfer to UEL & Board reconstitution
Referring to their earlier news disseminated by DSE on 28.12.2017 regarding share transfer to United Energy Ltd. (UEL), the Company has further informed that the said transfer of Sponsor Shares of the Company by the respective Transferors to the United Energy Ltd. (UEL) has been completed. After the said transfer the Board of the Company has been reconstituted and (cont.) (Continuation news of UPGDCL): UEL has become a Director of the Company, thereafter they nominated 13 more individuals as Directors. The Board of the Company will also be comprised of 1 more director who is nominated by ICB and 4 more Independent Directors. (end)
- Resumption after record date
Trading of the shares of the Company will resume on 09.01.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 08.01.2018.
- 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 04.01.2018 to 07.01.2018. Trading of the shares of the Company will remain suspended on record date i.e., 08.01.2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.