Beximco Pharma: Beximco Pharmaceutical Limited has informed that it has closed its books for subscription of its GDRs to international institutional investors on October 6, 2005, expecting to raise equivalent of around UK Pound Sterling 12 million by issuance of 20 million GDRs at 60 pence per GDR. In addition, the company is expected to raise further approximately UK Pound Sterling 4.8 million on exercise of its 6,666,662 GDR earrants to be issued to the subscribers of GDRs at a price of 72 pence per GDR.
Purchase/ sale of directors' shares
Mercantile Bank: Md Mizanur Rahman Chowdhury, one of the sponsors of Mercantile Bank Limited, has reported his intention to sell 3,750 shares out of his holdings of 196,532 shares of the bank while Md Selim, another Sponsor of the bank, has reported his willingness to buy 3,750 shares of the bank at the current market price through the stock exchange within next 30 working days.
National Bank: AB Tajul Islam, one of the directors of National Bank Limited, has reported his intention to buy 100 shares of the bank at the current market price through the Stock Exchange within next 30 working days.
Information Services Network: Shirin Huq, one of the sponsors of Information Services Network Limited, has further reported that she has sold 100,000 shares of the company through the stock exchange as announced earlier.
Suspension of share trading
Al-Arafah Bank: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended during October 10-12, 2005, for finalisation of demat process. Trading of the shares of the bank will be held under Central Depository of Bangladesh Limited (CDBL) with effect from October 16, 2005 as announced earlier.
Two ICB AMCL Unit Fund reveal NAV
The net asset value (NAV) of ICB AMCL Unit Fund stood Tk 122.92 on the basis of cost price and Tk 124.22 on the basis of current market price at the close of business operations on October 05, 2005. The per unit sale and the re- purchase prices have been re-fixed as Tk 127 and Tk 124 respectively with effect from October 09, 2005.
On the other hand, the NAV of ICB AMCL Pension Holders' Unit Fund stood Tk 103.80 on the basis of cost price and Tk 98.44 on the basis of current market price at the close of business operations on October 05, 2005. The per unit sale and the re-purchase prices will remain unchanged.
Information on IPO
Islamic Finance: All concerned are hereby informed that the primary status of initial public offering (IPO) subscription of Islamic Finance and Investment Limited is: Total amount of subscription: Tk 1,597,140,460 and total number of application: 319,428.
Paid up shares increased
BGIC: The number of shares of Bangladesh General Insurance Company (BGIC) Limited has been increased by 360,000 as the Company has informed that the Rights shares have been duly subscribed. Now the total paid up shares of BGIC is 12,24,000.
SEC advice to investors
All brokers/dealers are requested to strictly comply with the securities laws in their transactions. All investors are requested not to make their investment decision on the basis of rumour.
— DSE/CSE Online