The board of directors of Dhaka Electric Supply Company (DESCO) Limited has recommended 25 per cent cash and 5.0 per cent stock (one bonus share for every 20 existing shares) dividends for the year 2007-2008. The annual general meeting (AGM) of the company will be held at Bashundhara Convention Centre, Baridhara, in the city at 11am on February 10, '09. The record date is November 27, '08.
Issue upgraded
The shares of Prime Life Insurance will be placed in "A" category from existing "Z" category with effect from today (Thursday), as the authorities of the company have confirmed disbursement of 20 per cent stock dividend for the year that ended on December 31, '07.
Sale of shares
Progressive Life Insurance: Mr Nahid Chowdhury, one of the directors of Progressive Life Insurance Company Limited, has expressed his willingness to sell 1,000 shares out of his total holdings of 1,250 shares of the company at prevailing market price through stock exchange within next 30 working days.
Meghna Life Insurance: Mr Nasir Uddin Ahmed, one of the sponsors/directors of Meghna Life Insurance Company Limited, has expressed his willingness to purchase 3,000 shares of the company at prevailing market price through stock exchange within next 30 working days.
Confirmation of share sale
Mr AN Md Nasimuddin Mollah, one of the directors of Peoples Insurance, has stated that he has completed his sale of 2,000 shares of the company at prevailing market price through stock exchange as announced earlier. Source: DSE/CSE Online
Via- corporatewatch
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