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The Financial Express

First Finance declares 2.0pc stock dividend for 2019

| Updated: March 26, 2021 10:17:27


First Finance declares 2.0pc stock dividend for 2019

The board of directors of First Finance Ltd has recommended a 2.0 per cent stock dividend for the year ended on December 31, 2019.

The company has recommended a 2.0 per cent stock dividend for the year 2019 after five years. In 2014, the company declared the last 5.0 per cent stock dividend.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled for May 6 at 2:00 pm through hybrid system – combination of physical presence and using digital platform.

The record date is on April 13, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

The company has reported profit Tk 1.16 per share for the year ended on December 31, 2019 as against losses Tk 3.49 per share for the year ended on December 31, 2018.

The company has also reported NAV per share of Tk 8.55 and NOCFPS of negative Tk 8.51 for the year ended on December 31, 2019 as against Tk. 7.39 and Tk. 8.91 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the company, which was listed on the DSE in 2003, closed at Tk 6.60 on Monday. Its shares traded between Tk 4.80 and Tk 9.30 in the last one year.

The company’s paid-up capital is Tk 1.16 billion and authorised capital is Tk 5.0 billion while total number of securities is 116.22 million.

The sponsor-directors own 41.31 per cent stake in the company, while the institutional investors own 23.90 per cent and the general public 34.79 per cent as of February 28, 2021, the DSE data show.

The company has further informed that due to unavoidable circumstances, the meeting scheduled was Monday at 4:30 pm as per regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended on March 31, 2020, Second Quarter (Q2) period ended on June 30, 2020, and Third Quarter (Q3) period ended on September 30, 2020, have been postponed.

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