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The Board of Directors has recommended stock dividend @ 40% for the year 2010. The Board has also decided to offer rights shares @ 1R:4 (i.e. 1 rights share for every 4 shares held)at par subject to the approval of the shareholders in the EGM and regulatory authorities. The Board has also resolved to restructure/revise the features of the proposed Subordinated Debt in the form of Zero Coupon Bonds to be issued to raise TK. 250.00 crore, which has already been approved by the shareholders, with regard to the structure of the Subordinated Debt, coupon/interest rate and/or the tenure in such a manner as may be decided by the Board of Directors of the Bank subject to the approval of the shareholders in the EGM  and regulatory authorities, if any. Date of EGM and AGM: 30.03.2011, Time of EGM and AGM: 10:00 AM and 10:30 AM respectively, Venue: Officers' Club, 26, Baily Road, Ramna, Dhaka-1000. Record date for EGM and AGM: 07.03.2011. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from SEC. The Bank has also reported EPS of Tk. 64.26, NAV per Share of Tk. 235.12 and NOCFPS of Tk. 186.06. The Board has also decided to revalue its fixed assets for the purpose of Tier-2 capital recognition subject to permission from the Bangladesh Bank and other regulatory authorities.
     
There will be no price limit on the trading of the shares of the Bank today (24.02.2011) following its corporate declaration.