corporatewatch

ACI to issue Convertible Zero Coupon Bonds

The board of directors of ACI Limited has decided to issue 20 per cent Convertible Zero Coupon Bonds worth Tk 1.30 billion subject to the approval of the Securities and Exchange Commission (SEC). The bonds will be traded in both Dhaka and Chittagong Stock Exchanges subject to the approval of authorities concerned. The salient features of the bonds are as follows: 1. The bond name: ACI 20 per cent Convertible Zero Coupon Bonds, 2. Issuer: ACI Limited, 3. Face value: Tk 1.30 billion, 4. Discount rate: 10.50 per cent, 5. Maturity: 5 years with yearly redemption, 6. Issue Manger: Alliance Financial Services Limited, 7. Facility Manager: Industrial and Infrastructure Development Finance Company Limited and 8. Mode of Issue: Private and initial public offering (IPO).

Bonus shares credited

The authorities of Metro Spinning Mills have stated that the company has credited 3,77,250 bonus shares to the respective shareholder's BO accounts against 25,15,000 shares for the year 2007-2008. The authorities have also stated that 5,22,750 bonus shares are credited to the company's suspense BO account against 34,85,000 shares as these shares are not yet demated.

SEC issues show cause notice on co, men

The SEC has issued show-cause-cum-hearing notice on Jamuna Oil Company Limited and Meghna Petroleum Limited, their directors, managing directors and company secretaries in connection with the non-submission of audited financial statements for the year that ended on June 30, 2008 within stipulated time.

IFIC Bank gets Broker Registration Certificate

International Finance Investment and Commerce (IFIC) Bank Limited, DSE Member No. 192, has got Broker Registration Certificate No. REG.-3.1/DSE-192/2009/316 dated January 1, 2009 vide SEC letter No. SEC/REG-262/DSE-192/2009/04 dated January 1, 2009. The three digit ID of the bank is IFI.

Resumption of trading

Normal trading of the shares of Padma Oil will resume today (Monday) after record date and there will be no price limit on the trading of the shares of the company for the day.

Source: DSE/CSE Online