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Pacific Denims now in ‘A’ category

FE Online Report | Published: February 05, 2018 11:32:24 | Updated: February 06, 2018 11:56:47


Pacific Denims Limited (PDL) has been placed in ‘A’ category from existing ‘N’ category with effect from Tuesday as the company has reported disbursement of 12.50 per cent stock dividend for the year ended on June 30, 2017.

The company has informed that it has credited bonus share for the year ended on June 30, 2017 to the respective shareholders’ BO accounts on January 21, 2018.

“The stock brokers and merchant bankers are requested to abstain from providing loan facilities to purchase any securities of the company in between first to 30th trading day after change of categorisation, starting from Tuesday as per securities regulator’s directive in this regard,” said a statement posted on the Dhaka Stock Exchange (DSE) website on Monday.

Each share of the denim maker, which made its share trading debut on February 7, 2017, closed at Tk 16.50 Sunday.

Pacific Denims raised Tk 750 million through initial public offering (IPO) using the fixed price method.

The company’s un-audited earnings per share (EPS) stood at Tk 0.39 for October-December, 2017 as against Tk 0.54 for the same period a year ago.

The company’s paid-up capital is Tk 1.27 billion and authorised capital is Tk 2.0 billion while the total number of securities is 127.12 million.

The sponsor-directors own 30.97 per cent stake of the company while institutional investors own 22.10 per cent, foreign investors 0.02 per cent and the general public 46.91 per cent as on December 31, 2017, the DSE data showed.

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