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The board of directors of Meghna Cement Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2018, said an official disclosure on Thursday.
The annual general meeting (AGM) and extraordinary general meeting (EGM) will be held on October 31 at 10:00am and 11:00am respectively in Dhaka.
The record date for AGM and EGM is October 04, 2018.
The company has also reported earnings per share (EPS) of Tk 3.62, net asset value (NAV) per share of Tk 38.33, and net operating cash flow per share (NOCFPS) of minus Tk 3.33 for the year ended on June 30, 2018 as against Tk 2.91, Tk 36.71, and Tk 34.38 respectively for the same period of the previous year.
The company disbursed 20 per cent cash dividend for the year ended on June 30, 2017.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1995, closed at Tk 104.30 on Wednesday at DSE.
The company’s paid-up capital is Tk 222 million and authorised capital is Tk 5.0 billion, while the total number of securities is 22.50 million.
The sponsor-directors own 49.81 per cent stake in the company while the general public 50.19 per cent as on July 31, 2018, the DSE data shows.