Southeast Bank Limited
Registered Office
52-53, Dilkusha Comm. Area, Dhaka-1000
PRICE SENSITIVE INFORMATION
This is for kind information of all concerned that the Board of Directors of Southeast Bank Limited in its 350th Board Meeting held on February 24, 2010 at the Board Room, 52-53 Dilkusha C/A, Dhaka commencing from 3.00 p.m. approved the Audited Financial Statements as on 31st December, 2009 and took the following decisions:
A) CORPORATE DISCLOSURE
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i) |
Proposed dividend for the year ended 31st December, 2009 |
: |
The Board of Directors recommended 35 (thirty five) bonus shares against 100 shares i.e. 35% bonus shares. |
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ii) |
Date and time of 15th AGM |
: |
29 March, 2010, at 10:00 a.m.
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iii) |
Venue of 15th AGM |
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‘Hall of Fame’ Bangabandhu International Conference Centre, Agargaon, Sher-e-Bangla Nagar, Dhaka
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iv) |
Record date of 15th AGM |
: |
11 March, 2010
in 2009 in 2008
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|
v) |
Earning Per Share (EPS) |
: |
Tk.54.64 Tk.25.92 |
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vi) |
Total Net Asset Value |
: |
Tk.1,135.91 crores Tk.735.72 crores |
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vii) |
Net Asset Value (NAV) Per Share |
: |
Tk.331.88 Tk.214.96 |
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viii) |
Net Operating Cash Flow Per Share |
: |
Tk.316.77 Tk.93.91 |
Shareholders whose names would appear in the Register of Members of the Bank on the Record Date shall be entitled to dividend and to attend the AGM.
B) CHANGES IN DENOMINATION OF SHARES OF SOUTHEASTBANK LIMITED
The Board also decided to change of the denomination of shares of the Bank from Tk.100.00 to Tk.10.00 and to determine the market lot of shares from 50 to 250 shares per lot subject to the approval of Regulatory Authorities and the shareholders. The venue, date and time schedule for holding 6th EGM of the Bank for the purpose will be announced later.
C) FORMATION OF SUBSIDIARY COMPANY
The Board also decided to form a Subsidiary Company for Merchant Banking Operation subject to approval of Regulatory Authorities particulars of which are as under:
i) Name of Subsidiary Company: Southeast Bank Capital Services Ltd.
ii) Authorized Capital : Tk.300.00 crore
iii) Paid Up Capital : Tk.125.00 crore
