 | UCB shareholders approve change of face value, lot size
20 September, 2010
United Commercial Bank Ltd held its Extra-ordinary General Meeting and 25th, 26th and 27th Annual General Meeting for the years 2008 to 2010 in the city Sunday.
M. A. Hashem, Chairman of the Bank presided.
In the AGM, the Board has approved 50 per cent stock dividend for the financial year 2007, 25 per cent stock dividend for 2008 and 30 per cent stock dividend for 2009 on cumulative basis thereby increasing the bank's paid-up capital to BDT 2.99 billion. Prior to aforesaid AGMs, the shareholders have approved the Authorized Capital of the Bank from BDT 2 billion to BDT 8 billion, face value from BDT 100 to BDT 10 and Lot size from 5 shares to 50 shares in an EGM.
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=112269&date=2010-09-20
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