Union Capital Limited has been placed in “Z” category from the existing “B” category with effect from tomorrow (Tuesday) as the company has recommended ‘no’ dividend for the year ended on December 31, 2019.
As per the securities regulator directive dated October 01, 2009, the stockbrokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of Union Capital from August 4, 2020, said an official disclosure on Monday.
The board of directors of the company has recommended no dividend for the year ended on December 31, 2019.
The annual general meeting will be held on September 17 at 11:00 am through a digital platform.
The record date is August 24.
The company has also reported the Consolidated EPS of Tk. 6.13 in the negative, consolidated NAV per Share of Tk. 7.21 and Consolidated NOCFPS of negative Tk. 4.93 for the year ended on December 31, 2019 as against Tk. 0.54 (restated), Tk. 13.34 (restated) and Tk. 1.25 (restated) respectively for the same period of the previous year.
In 2018, the company disbursed 5.0 per cent stock dividend.
Listed in 2007, each share of the company closed at Tk 4.80 on Thursday, the last trading session before Eid-ul-Azha.
Its share traded between Tk 4.40 and Tk 8.80 in the last one year, far below from the face value.
The company’s paid-up capital is Tk 1.72 billion, authorised capital is Tk 2.0 billion and the total number of securities is 172.57 million.
Sponsor-directors own 40.50 per cent stake in the company while the institutional investors own 21.80 per cent and general public 37.70 per cent as on June 30, 2020, the DSE data showed.