Square Textile recommends 18pc cash, 20pc stock dividends

The board of directors of Square Textile has recommended 18 per cent cash and 20 per cent stock (20 bonus shares for every 100 shares) dividends for the year that ended on December 31, '08. The annual general meeting (AGM) of the company will be held on the factory premises at Sardaganj of Kashimpur in Gazipur at 11am on June 16, '09. The record date is May 21, '09. There will be no price limit on the trading of the shares of the company today (Wednesday) following its corporate declaration.

Summit Power board meet today

As per regulation 30 of DSE Listing Regulations, the meeting of the board of directors of Summit Power will be held at 4pm today (Wednesday) to consider its accounts for the year that ended on December 31, '08, appropriation of profits and about 12th AGM.

NBL gets Dealer Registration Certificate

National Bank Limited (NBL), DSE Member No. 203, has got Dealer Registration Certificate No. REG.-3.1/DSE-203/2008/201 dated March 13, 2008 vide SEC letter No. SEC/REG-31/DSE-203/2006/138 dated March 16, 2008. The six digits identity of the bank is DLRNBL.

Suspension of trading

Trading of the shares of International Leasing and Financial Services Limited (ILFSL) will remain suspended on record date today (Wednesday).

Resumption of trading

Pioneer Insurance: Normal trading of the shares of Pioneer Insurance will resume today (Wednesday) after record date and there will be no price limit on the trading of the shares of the company for the day.

Phoenix Finance: Normal trading of the shares of Phoenix Finance and Investments Limited will resume today (Wednesday) after record date and there will be no price limit on the trading of the shares of the company for the day.

Response to DSE queries

DBBL: In response to a DSE query, the authorities of Dutch-Bangla Bank Limited (DBBL) have stated that there is no undisclosed material decision/information relating to the bank's operation or profitability that might have impact on the price of the shares of the bank.

SIBL: In response to a DSE query, the authorities of Social Investment Bank Limited (SIBL) have stated that there is no undisclosed material decision/information relating to the bank's operation or profitability that might have impact on the price or trading volume of the shares of the bank.

First Securities Bank: In response to a DSE query, the authorities of First Securities Bank Limited have stated that there is no undisclosed material decision/information relating to the bank's operation or profitability that might have impact on the trading of the shares of the bank.

Sale/purchase/transfer of shares

IFIC Bank: Mr Abu Tahir Mohammad Golam Maruf, one of the directors of IFIC Bank, has expressed his willingness to sell 60,730 shares out of his total holding of 77,730 shares of the bank at prevailing market price through stock exchange within next 30 working days.

Metro Spinning: Maksons Spinning Mills Limited, where six sponsors/directors of Maksons Spinning Mills Limited are also the sponsors/directors of Metro Spinning Limited, has expressed its willingness to purchase 1,00,000 shares of the company at prevailing market price through stock exchange within next 30 working days.

BD Welding: Mr AR Khan, Hosne Ara Khan, Mr Aminur Reza Khan, Mr Kazi Anwar Ahmed and Nahreen Mahmud, all sponsors/directors of BD Welding Electrodes Limited, have expressed their willingness to transfer their entire holdings of 7,68,500 shares, 7,68,500 shares, 8,18,500 shares, 6,18,500 shares and 6,18,500 shares respectively to Investment Corporation of Bangladesh (ICB) through outside the trading floor of the stock exchanges. The above transfer of shares has been approved by the SEC subject to complying Section 27 (ka) of Bank Companies Act, 1991 and other applicable laws.

Shahjalal Islami Bank: Russel Spinning Mills Limited, where Mr Akkas Uddin Mollah is the chairman and at the same time one of the sponsors/directors of Shahjalal Islami Bank Limited, has expressed its willingness to sell 1,00,000 shares out of its total holdings of 5,64,026 shares of the bank at prevailing market price through stock exchange within next 30 working days. Source: DSE/CSE Online