DividendFIRSTSBANK

FIRSTSBANK 10% Cash Dividend

Published
Last verified by BullBD

Announcement summary

What happened
FIRSTSBANK published a dividend disclosure.
Dividend type
Cash
Dividend percentage
10%
Company
First Security Islami Bank PLC.
Announcement published

Original announcement

The Board of Directors has recommended 10% cash dividend only for Shareholders except Sponsors/Directors for the year ended on December 31, 2013. The Sponsors/Directors holding total 210,974,520 shares of the Company will not be entitled to recommended dividend. The total amount payable to public Shareholders as dividend is Tk. 200,464,200.00. The Board has also decided to issue Rights shares @ 1R:2 (i.e. 1 Rights share for every 2 Ordinary shares) of Tk. 10.00 each at an issue price of Tk. 12.00 each (including a premium of Tk. 2.00 per share) subject to the approval by the shareholders and regulatory authorities. Purpose of the Rights share issue is to enhance and strengthen the capital base of the Company. (cont.)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acf6b5a6b0000400667cb
Original publication
Last verified by BullBD
Translation
BullBD
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