The Financial Express

United Power’s corporate director to sell 10 million shares

| Updated: August 08, 2019 11:43:27

United Power’s corporate director to sell 10m shares

United Mymensingh Power Limited, one of the corporate directors of United Power, has decided to sell 10 million shares at prevailing market price in the block market.

United Mymensingh Power Ltd, one of the corporate Directors of United Power, has reported its intention to sell 10,000,000 shares out of its total holding of 431,170,994 shares of the company at prevailing market price (in the block market) through Stock Exchange (DSE) within next 30 working days, according to an official disclosure.

The total value of 10 million shares of United Power Generation and Distribution Company will be approximately Tk 3.48 billion as the company’s share closed at Tk 384.20 on Monday at the Dhaka Stock Exchange.

Recently, United Power has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.

The company has also reported consolidated earnings per share (EPS) of Tk 16.08, consolidated net asset value (NAV) per share of Tk 62.80 and consolidated net operating cash flow per share (NOCFPS) Tk 16.14 for the year ended on June 30, 2019.

The company’s solo EPS stood at Tk 10.03, solo NAV per share Tk 36.53 and solo NOCFPS Tk 9.75 for the year ended on June 30, 2019 as against Tk 9.59, Tk 34 and Tk 9.0 respectively for the year ended on June 30, 2018.

The United Power, which was listed on the Dhaka bourse in 2015 under book-building method, disbursed 90 per cent cash and 20 per cent stocks dividend in 2018.

The company’s paid-up capital is Tk 4.79 billion and authorised capital is Tk 8.0 billion, while the total number of securities is 479.08 million.

Sponsor-directors own 90 per cent stake in the company while institutional investors own 6.44 per cent, foreign investors 0.04 per cent and the general public 3.52 per cent as on June 30, 2019, the DSE data shows.



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