DividendABBANK
ABBANK 5% Stock Dividend
Announcement summary
- What happened
- ABBANK published a dividend disclosure.
- Dividend type
- Stock
- Dividend percentage
- 5%
- Company
- AB Bank PLC.
- Announcement published
Original announcement
The Board of Directors has recommended 5% stock dividend for the year ended on December 31, 2020. The Board of Directors has also recommended for issuance of Rights share at a ratio of 1R:6 (1 Rights Share for existing 6 shares to be held) at an issue price of BDT 10.00 each (per share) after effecting stock dividend for the year ended on December 31, 2020 to be used for strengthening the equity Capital base of the Bank at a sustainable level subject to the approval of the shareholders, BSEC and (cont.1)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b000040053bcb
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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