The Board of Directors of Eastland Insurance has recommended stock dividend at the rate of 37 percent for the year 2010. The company's board of director took the decision at a meeting on Wednesday evening, Dhaka Stock Exchange (DSE) official website said on Thursday.
It reads: "The Board has also decided to offer rights shares at the rate of 1R:3 (i.e. 1 rights share for every 3 shares held) at an issue price of Tk. 300.00 per share (including a premium of Tk. 200.00 each) subject to the approval of the shareholders in the EGM and regulatory authorities.
"Date of EGM and AGM: 28.04.11, Time of EGM and AGM: 11:30 AM and 12:00 AM respectively, Venue: Windy Town, Bangabandhu International Conference Centre, Dhaka.
Record date for EGM and AGM: 21.03.11. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from SEC.The company has also reported EPS of Tk. 61.65, NAV per share of Tk. 246.72 and NOCFPS of Tk. 39.33 as on 31.12.10."
News Source: BDNews24