Dhaka, Bangladesh (BBN)-The Board of Directors of Familytex Ltd and Delta Life Insurance Ltd recommended dividend for the year ended on December 31, said separate office disclosures on Sunday.
FAMILYTEX LTD: The Board of Directors has recommended 10 percent stock dividend for the year ended on December 31 in 2014.
The board has also decided to increase Authorised Capital of the company to BDT 3.10 billion from existing BDT 2.80 billion for business expansion project subject to approval from the regulatory
The final approval of the dividend will come during the AGM and EGM between authorities and the shareholders scheduled to be held on August 7 at 10am and 10:30am respectability at Chittagong Bandar Republic Club in Bandar of Chittagong.
The record date for EGM and AGM are July 9.
The company has also reported EPS of BDT 3.28, NAV per share of BDT 14.14 and NOCFPS of BDT 0.0021 for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
DELTA LIFE INSURANCE: The Board of Directors has recommended 20 percent cash dividend for the year ended on December 31, 2014.
The final approval of the divided will come from during the AGM scheduled to be held on June 21 at 10:30am. The AGM venue will be notified later.
The record date of the company is June 2.
