Western Marine Shipyard Limited announcements
209 Dhaka Stock Exchange announcements for Western Marine Shipyard Limited (WMSHIPYARD) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (35).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "BBB+" in the long term and "ST-4" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, unaudited financials up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Sale declaration of a Sponsor Director
Mr. Md. Saiful Islam, one of the Sponsors Directors of the Company, has expressed his intention to sell 8,00,000 shares out of his total holding of 1,76,59,559 shares of the Company at prevailing market price (In the Public & Block Market; 4,00,000 shares in each market) through Stock Exchange (DSE) within next 30 working days. Mr. Md. Sakhawat Hossain, one of the Sponsors Directors of the Company, has expressed his intention to sell 25,00,000 shares out of his total holding of 67,08,125 shares of the Company at prevailing market price (In the Public & Block Market; 12,50,000 shares in each market) through Stock Exchange (DSE) within next 30 working days.
- Sale declaration of a Placement Holder
Western Marine Services Limited, a Placement Shareholder of the Company (where Mr. Abu Md. Fazle Rashid is the MD of Western Marine Services Limited and also a Director of Western Marine Shipyard Limited), has expressed its intention to sell 14,62,150 shares out of 35,13,431 shares of the Company at prevailing market price through DSE (in the Public Market).
- Resumption after record date
Trading of the shares of the Company will resume on 06.12.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 05.12.2017 for EGM & AGM.
- Spot News for EGM & 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 03.12.2017 to 04.12.2017. Trading of the shares of the Company will remain suspended on record date i.e., 05.12.2017 for EGM & AGM.
- Dividend Declaration, increasing Authorized capital & Rights issue
The Board of Directors has recommended 3% Cash and 12% Stock Dividend for the year ended on June 30, 2017. The Board has also decided to increase the authorized Share Capital of the Company from Tk. 300.00 Crore to Tk. 600.00 Crore, subject to the approval of the shareholders in the 6th EGM, by amending Clause "V" of the Memorandum of Association and Article "3" of the Articles of Association of the Company. The Board has also decided to raise the Paid up Capital of the Company by way of (cont. 1) (Continuation news of WMSHIPYARD): Record Date for EGM & AGM: 05.12.2017. The Company has also reported EPS of Tk. 2.14, NAV per share of Tk. 34.24 and NOCFPS of Tk. 2.80 for the year ended on June 30, 2017 as against Tk. 2.01 (restated), Tk. 32.10 (restated) and Tk. 0.93 respectively for the same period of the previous year. (end) (Continuation news of WMSHIPYARD): offering Rights Shares @ 1.25R : 1 (1.25 rights shares for 1 existing share @ Tk.20.00 each including Tk.10.00 premium) for expansion of the shipyard capacity, BMRE and to pay off debts of the Company, subject to the approval of Shareholders in the 6th EGM, BSEC and other Regulatory Authorities. Date of EGM & AGM: 30.12.2017. Time of EGM & AGM: 11:00 AM & 11:30 AM respectively. Venue: Chittagong Boat Club, Air Port Road, East Patenga, Chittagong. (cont. 2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (12.11.2017) following its corporate declaration.
- Investment for Expansion Project to produce additional 30,000 tons
The Board of Directors has approved expansion project for production of Special Type Vessels in its own premises. The costs of the expansion project will be approximately Tk. 500.00 Crore. The estimated completion time of the project will be December 2018. The Company will finance the project mostly from its own sources of earnings and few loans from Bank(s) and Financial Institutions. The Project will enable the Company (cont.) (Continuation news of WMSHIPYARD): to build Special Type Vessels by total 30,000 tons capacity per annum. i.e. Total capacity will be 1,50,000 ton from existing capacity 1,20,000 tons capacity. The Company expects that through building up the additional capacity by project establishment the Company will be able to generate additional revenue Tk. 150 Crore per annum which will enable to increase additional profit by11% additionally. (end)
- Q1 Financials
(Q1 Unaudited): EPS was Tk. 0.66 from July-September, 2017 as against Tk. 0.55 from July-September, 2016. NOCFPS was Tk. 0.33 from July-September, 2017 as against Tk. 0.17 from July-September, 2016. NAV per share was Tk. 34.90 as on September 30, 2017 which was Tk. 34.24 as on September 30, 2016.
- Updating information
The Company has requested the Members to update their BO Accounts with present mailing address, contact number, Bank details and e-mail address with their respective DP (Depository Participant) before the Record Date.
- Category Change
The Company will be placed in 'A' category from existing 'Z' category with effect from November 01, 2017 as the Company has reported disbursement of 10% stock dividend for the year 2014-2015 and 12% stock dividend for the year 2015-2016 respectively.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase any security of Western Marine Shipyard Limited in between 1st to 30th trading day after change of categorization, with effect from November 01, 2017 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Board Meeting schedule under LR 19(1) & to conduct EGM
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 November 11, 2017 at 12:00 Noon to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017. They will also conduct Board meeting to hold an EGM for increasing authorized capital, issuing rights share & other agenda of the Company.
- 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 November 11, 2017 at 12:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Stock Dividend Disbursement
The Company has informed that it has credited Bonus shares for the year 2014-2015 and 2015-2016 respectively to the respective shareholders' BO Accounts on October 24, 2017.
- Clarification on calculation of stock dividend for years 2015 & 2016
The Company has provided a clarification on calculation of stock dividend for the year 2014-2015 and 2015-2016 which is as follows: "Refer the PSI on 04 September 2017 the Board of Western Marine Shipyard Limited has proposed 10% and 12% of stock dividend for the year 2014-2015 and 2015-2016 respectively i.e. the accumulated stock dividend was mentioned as 22% for the years as mentioned which was duly circulated to the investors. (cont. 1) (Continuation news of WMSHIPYARD): Hence total accumulated stock dividend of 23.20% will be received by the all entitled shareholders for the years of 2014-2015 and 2015-2016. Western Marine Shipyard Ltd. will issue 23.20% of stock dividend after approving the same in the next AGM, to be held on 12 Oct 2017. All shareholders are requested to ignore previous circulated information through CDBL. " (end) (Continuation news of WMSHIPYARD): Actually it was an unintentional mistake in calculating the stock dividend. We apologize for the same and we would like to correct the same with issuing a revised PSI. The new calculation of Stock Dividend for the year 2014-2015 and 2015-2016 will be as under: Stock dividend for the year, 2014-2015: 100X10%=10. Stock dividend for the year, 2015-2016=100+10=110 X 12 %= 13.20. Total stock dividend for the year, 2014-2015 and 2015-2016: (10+13.2) =23.20 %. (cont. 2)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.60 for January-March, 2017 as against Tk. 0.56 for January-March, 2016. EPS was Tk. 2.02 for July, 2016-March, 2017 as against Tk. 1.79 for July, 2015-March, 2016. NOCFPS was Tk. 3.67 for July, 2016-March, 2017 as against Tk. 0.17 for July, 2015-March, 2016. NAV per share (With Assets Revaluation) was Tk. 41.56 & Tk. 39.55 and Without Assets Revaluation was Tk. 35.85 and Tk. 33.80 respectively as on March 31, 2017 and as on June 30, 2016.
- Resumption after Record Date
Trading of the shares of the Company will resume on 27.09.2017 after record date.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company, as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on October 04, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period from July 01, 2016 to March 31, 2017.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 26.09.2017.
- 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 September 13, 2017 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, 2017, has been postponed. New date and time of the meeting will be notified later.
- 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 benefits for the year ended on June 30, 2015 and June 30, 2016 from 13.09.2017 to 25.09.2017. Trading of the shares of the Company will remain suspended on record date i.e., 26.09.2017.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances the meeting of the Board of Directors of the Company, as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on September 13, 2017 at 3:00 PM instead of September 12, 2017 to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period from July 01, 2016 to March 31, 2017.
- Dividend Declaration & date of pending AGMs
In line with the Judgment on 01.08.2017 passed by the Honorable High Court Division of the Supreme Court of Bangladesh, The Board of the Company has approved the audited financial statements for the year ended on 30.06.2015 and 30.06.2016 and also recommended 10% and 12% Stock dividend respectively for the year ended on June 30, 2015 and June 30, 2016. Date of 15th & 16th AGMs: 12.10.2017, Time of 15th & 16th AGM: 11:00 AM and 11:30 AM respectively. (cont.) (Continuation news of WMSHIPYARD): Venue: Chittagong Boat Club, Air Port Road, East Patenga, Chittagong. Record Date for AGMS: 26.09.2017. The Company has also reported EPS of Tk. 2.48, NAV per share of Tk. 39.55 and NOCFPS of Tk. 0.93 for the year ended on June 30, 2016 as against Tk. 1.65, Tk. 37.07 and Tk. 1.66 respectively for the year ended on June 30, 2015. The Company has further reported EPS of Tk. 2.11, NAV per share of Tk. 42.59 and NOCFPS of Tk. 0.87 for the year ended on June 30, 2014. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.09.2017) following its corporate declaration.
- Updating information
The Company has requested the concerned shareholders to update their BO Accounts with mailing address, contact number, Bank details and e-mail address with their respective DP (Depository Participant) before Record Date.
- 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 September 12, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period from July 01, 2016 to March 31, 2017.
- 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 31, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015 and June 30, 2016.
- Court judgement allowing for holding AGM
The Company has informed that the Hon'ble High Court Division of the Supreme Court of Bangladesh has passed a Judgement allowing the petition of the Company to hold the AGM for the year 2014-2015 and 2015-2016 within November 30, 2017 and also directed to proceed with all the functions relating to AGM.
- Resumption after Record Date
Trading of the shares of the Company will resume on 05.06.2017 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 04.06.2017 for EGM.
- Spot News for EGM
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 from 22.05.2017 to 01.06.2017. Trading of the shares of the Company will remain suspended on record date i.e., 04.06.2017 for EGM.
- EGM to appoint auditor
The Board of Directors of the Company has decided to hold an EGM to appoint auditor for the year 2014-2015 due to resignation of previous auditor and to fix their remuneration. Date of EGM: 02.07.2017, Time: 10:00 AM. Venue: Boat Club, Patenga, Chittagong. Record date for EGM: 04.06.2017.
- Status of AGM for the year ended on June 30, 2016
The Company has informed that they have taken initiatives to hold the AGM for the year 2016. In this connection, they have filed an application (being Company matter No. 96 of 2017) dated 23.03.2017 before the Honorable High Court Division of Bangladesh Supreme Court under section 81 and 85(3) of the Companies Act, 1994 for condoning delay in holding AGM for the year ended on June, 2016. In this regard, Honorable Court fixed the matter for hearing on 08.05.2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.