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PROVATIINS
Post Date: 07 July, 2020
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 14, 2020 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.

SSSTEEL
Post Date: 07 July, 2020
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 12, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.

EXCH
Post Date: 07 July, 2020
DSENEWS: The trading at DSE will take place as Normal schedule from 10:30 AM to 2:30 PM instead of 10:00 AM to 1:00 PM effective from July 08, 2020.


PREMIERBAN
Post Date: 07 July, 2020
(Continuation news of PREMIERBAN): are of no legal effect as being ultravires to the provisions of section 3(1) and Second Schedule of the Value Added Tax Act, 1991. The matter is under adjudication and the outcome is uncertain. The Bank has started to pay VAT at source on office rent from April 2019. b) Rent expense is reduced for the year in compliance with the requirements of IFRS-16 Leases. " (end)

PREMIERBAN
Post Date: 07 July, 2020
(Continuation news of PREMIERBAN): On the basis of this advice, the Bank has not deposited any VAT on Rent collected from the Branches till to March 2019. Honorable High Court issued a rule directing the Govt as to why SRO Nos. 202-Ain/2010/551-Mushok, dated 10/05/2010 and 105-Ain/2009/513-Musak, dated 11/06/2009 should not be declared to have been issued without lawful authority and (cont.4)

PREMIERBAN
Post Date: 07 July, 2020
(Continuation news of PREMIERBAN): was Tk. 1,115,832,491 and for the year ended on 31 December 2018 was Tk. 1,347,465,331 a) Note: Our Tax and VAT adviser, M/S Zia & Associates advised us vide a letter dated March 11, 2011 not to deduct VAT on office rent and pay at source in view of VAT Act 1991 section 3(1). Subsequently a writ petition was submitted before the honorable High Court. (cont. 3)


PREMIERBAN
Post Date: 07 July, 2020
(Continuation news of PREMIERBAN): Our opinion is not modi?ed in respect of this matter. Note 14.5 Provision for corporate taxation: Closing balance of Provision for corporate taxation as at 31 December 2019 was Tk. 1,291,825,911 and as at 31 December 2018 was Tk. 1,126,303,469 Note 28 Rent, taxes, insurance, electricity, etc.: Balance of Rent, taxes, insurance, electricity, etc. for the year ended on 31 December 2019 (cont.2)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): and observe the market practice for uniformity and comparability, and take necessary actions in line with regulatory guidelines and market practice. " (end)

PREMIERBAN
Post Date: 07 July, 2020
Emphasis of Matter: We draw attention to the note 14.5 and note 28 to the ?nancial statements relating to ?Provision to corporate taxation? and ?Rent, taxes, insurance and electricity etc.? respectively which describe about the uncertainty regarding the outcome of pending litigation regarding corporate tax for the income year 2004 to 2010 and non-deposit of VAT collected at source on office rent. (cont.1)


DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): issues the Bank has not taken IFRS 16 adjustments on the basis of overall materiality as specified in the materiality guidance in the 'Conceptual Framework for Financial Reporting' and in 'International Accounting Standard 1 'Presentation of Financial Statements'. However, the Bank would continue to liaison with regulators and related stakeholders (cont.10)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): for 'office premises' for consideration under IFRS 16. As per the preliminary assessment of leases for 'office premises', the Bank has concluded that the potential impact of these lease items in the Balance Sheet and Profit and Loss Account of the Bank for the year 2019 is not considered to be material. Therefore, considering the above implementation (cont.9)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): nor any benchmark on qualification guidance on low value items have been agreed locally in Bangladesh. Nevertheless, as a first step the Bank has defined 'low value asset' which are to be excluded from IFRS 16 requirement and considered lease of 'ATM Booths and other installations' as low value asset. Thereafter, the Bank has reviewed lease arrangements (cont.8)


DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): statutory requirements issued by various regulators. In addition, there are no direction from National Board of Revenue (NBR) regarding treatment of lease rent, depreciation on ROU assets and interest on lease liability for income tax purposes and applicability of VAT on such items. Finally, paragraph 5 of IFRS 16 provide the recognition exemptions (cont.6)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): to short-term leases and leases for which the underlying asset is of low value. Although, paragraphs B3 to B8 of the Application Guidance (Appendix B) of IFRS 16 provide some qualitative guidance on low value asset, but these guidance is focused towards moveable assets. Immovable asset like rental of premises (i.e. real estate) is not covered on those guidance, (cont.7)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): The depreciation of the lease asset (ROU) and the interest on the lease liability is recognized in the profit or loss account over the lease term replacing the previous heading 'lease rent expenses'. While implementing IFRS 16, the Bank observed that IFRS 16 is expected to have impact on various regulatory capital and liquidity ratios as well as other (cont.5)


DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): i.e. short-term lease, leases for low value items). Under IFRS 16, an entity shall be recognizing a right-of-use (ROU) asset (i.e. the right to use the office building, branches, service center, call center, warehouse, etc.) and a corresponding lease liability. The asset and the liability are initially measured at the present value of unavoidable lease payments. (cont.4)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): entity would rent an office building or a branch premises for several years with such a rental agreement being classified as operating lease would have been considered as an off balance sheet item. However, IFRS 16 does not require a lease classification test and hence all leases shall be accounted for as on balance sheet item (except some limited exception (cont.3)

DUTCHBANGL
Post Date: 07 July, 2020
(Continuation news of DUTCHBANGL): Leases is effective for the annual reporting periods beginning on or after 1 January 2019. IFRS 16 defines that a contract is (or contains) a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. IFRS 16 significantly changes how a lessee accounts for operating leases. Under previous IAS 17, an (cont.2)


EXCH
Post Date: 07 July, 2020
Today's (07.07.2020) Total Trades: 29,069; Volume: 50,164,020 and Turnover: Tk. 1,385.655 million.

DUTCHBANGL
Post Date: 07 July, 2020
Emphasis of Matter: We draw attention to note 2 of the financial statements, which describes matters related to implementation of 'IFRS 16 Leases' including preliminary assessment of its impact as assessed by management. Our opinion is not modified in respect of this matter. Note-2: Significant accounting policies and basis of preparation of financial statements Note- 2.2 IFRS 16: Leases: IFRS 16 (cont.1)

BRACBANK
Post Date: 07 July, 2020
Emerging Credit Rating Limited (ECRL) has assigned the Surveillance credit rating of the Company as "AA+" in the long term and "ST-1" in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating.


BGIC
Post Date: 07 July, 2020
Due to not receiving any specific guideline from IDRA, we did not comply "IFRS 16: Leases" in this year. Note- 12.00 Loans from Banks (SECURED): Balance of Loans from Banks (Secured) as on 31 December 2019 was Tk. 162,958,410 and as on 31 December 2018 was Tk. 174,313,687." (end)

FIRSTSBANK
Post Date: 07 July, 2020
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 08.07.2020 to 09.07.2020. Trading of the shares of the Company will remain suspended on record date i.e., 12.07.2020.

BGIC
Post Date: 07 July, 2020
Emphasis of Matter: We draw attention to note 2.02 to the financial statements relating to "IFRS 16: Leases" which was not adopted by the company and also we refer to the note 12.00 "Loans from Banks (SECURED)" where the company has taken loan against lien of FDRs. Our opinion is not modified in respect of these matters. Note- 2.02 Application of International Financial Reporting Standards: (cont.1)


UNITEDINS
Post Date: 07 July, 2020
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 12, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020 and Second Quarter (Q2) period ended on June 30, 2020.

BERGERPBL
Post Date: 07 July, 2020
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 08.07.2020 to 09.07.2020. Trading of the shares of the Company will remain suspended on record date i.e., 12.07.2020.

EXCH
Post Date: 07 July, 2020
(Continuation of DSENEWS): 4. Shyampur Sugar Mills Ltd., 5. Zeal Bangla Sugar Mills Ltd., 6. Imam Button Industries Ltd., 7. Meghna Condensed Milk Industries Ltd., 8. Savar Refractories Ltd., 9. Beximco Synthetics Ltd., 10. Jute Spinners Ltd. and 11. Shinepukur Ceramics Limited. (end)


EXCH
Post Date: 07 July, 2020
DSENEWS: All Stock Brokers are requested to ensure due authorization from their clients, like sale orders, CDBL Pay-In form etc. before placing any sale order into the system.

EXCH
Post Date: 07 July, 2020
DSENEWS: All Stock Dealers, Stock Brokers and Authorized Representatives are asked to strictly follow the code of conduct as enumerated in the Second Schedule to the Securities and Exchange Commission (Stock Dealer, Stock Broker and Authorized Representative) Rules, 2000.

EXCH
Post Date: 07 July, 2020
DSENEWS: All concerned are hereby informed that (1) Discourage clients for rushing in the brokerage house and encourage more for trading through mobile apps and other internet based devices, (2) No hand shake, (3) No hugging; (4) Maintain reasonable social distance (at least one meter), (4) Identifying employees and clients who is coughing or sneezing or with any suspicious symptoms, (5) Avoid touching eyes, nose, ears and mouth, (cont.)


EXCH
Post Date: 07 July, 2020
(continuation news of DSENEWS): (6) Arrangement of hand sanitizer every time to enter office premise (employees, clients and visitors), (7) Arrangement of mask to provide to employees and clients in the brokerage house, (8) Discourage visitors to enter into the office, (9) Arrangement of virtual office for part of employees on rotation basis and (10) Avoid face to face meetings in the office and encourage telephone/video conference among the employees and clients. (end)

EXCH
Post Date: 07 July, 2020
Crest Securities Limited (DSE TREC # 008) is closed now. Therefore, the active clients of Crest Securities Limited (DSE TREC # 008) are hereby requested to submit a signed application to The Chief Regulatory Officer, Dhaka Stock Exchange Limited, DSE Tower (Level-3), Holding # 46, Road # 21, Nikunja-2, Dhaka-1229????????????????, claiming their share/monetary balance in the DP/Ledger of the aforesaid company after downloading the Bangl

EXCH
Post Date: 07 July, 2020
(Continuation of DSENEWS): from the link: www.dse.com.bd/complaintCell_TREC_d.php and duly filling it with all the information and necessary documents. In case of any query, feel free to contact with Investor Complaints, Arbitration and Litigation Department of DSE (Telephone: +88-02-9564601, Ext.- 1642, 1643 and 1645; Hot line: +88-01713276415; E-mail: icald@dse.com.bd). (end)


EXCH
Post Date: 07 July, 2020
DSENEWS: NEWS for TREC Holders of DSE and Merchant Bankers: As per amendment of consent letter No. BSEC/CI/IPO-268/2017/107 dated June 21, 2020 of Express Insurance Limited, the subscription for shares of Express Insurance Limited has been extended up to July 02, 2020. As such, all the respective TREC Holders of DSE and Merchant Bankers are requested to send IPO application data along with list of Bank drafts (FDDs) submitted by NRB and foreign applicants of Express Insurance Ltd. (cont. 1)

EXCH
Post Date: 07 July, 2020
(Continuation of DSENEWS): in electronic format through IPO Data Transmission Software in the following link: http://dsebd.org/IPO-Data-Transmission-Software.php and also send original bank certificates as well as all the bank drafts (FDD) received from NRB and foreign applicants along with original bank certificate(s) mentioning the FC account number which has been debited to issue the FDD and a copy of the list containing information of FDDs at Stock Exchange Building (Ground Floor), 9/F, (cont. 2)

EXCH
Post Date: 07 July, 2020
(Continuation of DSENEWS): Motijheel C/A, Dhaka-1000 or DSE Tower (Ground Floor), Plot # 46, Road # 21, Nikunja-2, Dhaka-1229 from 10:00 AM to 04:00 PM of July 05, 06 & 07, 2020. Please be informed that those TREC Holders of DSE and Merchant Bankers who already submitted the IPO data to DSE, are requested to further submit the aforementioned IPO application data to DSE from July 05, 2020 to 07, 2020 as the earlier submitted data will be discarded from IPO Data Transmission Software. (end)


PROVATIINS
Post Date: 07 July, 2020
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 14, 2020 at 2:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.

EXCH
Post Date: 07 July, 2020
All the BO Accountholders are requested to avail the FREE SMS Alerts Service of CDBL to ensure daily debit-credit transactions that have taken place in their accounts. For details, please visit https://www.cdbl.com.bd/details.php?id=19

MJLBD
Post Date: 07 July, 2020
(Q3 Un-audited): Consolidated EPS was Tk. 1.81 for January-March 2020 as against Tk. 1.51 for January-March 2019; Consolidated EPS was Tk. 4.92 for July 2019-March 2020 as against Tk. 4.33 for July 2018-March 2019. Consolidated NOCFPS was Tk. 11.25 for July 2019-March 2020 as against Tk. 5.02 for July 2018-March 2019. Consolidated NAV per share was Tk. 36.06 as on March 31, 2020 and Tk. 35.64 as on June 30, 2019.


DHAKABANK
Post Date: 07 July, 2020
Mrs. Rakhi Das Gupta, one of the Sponsors of the Company, has completed her buying of (4,50,000+50,000) shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 28.06.2020.

REGL
Post Date: 07 July, 2020
(Continuation of BSEC News - Awareness Message for Investors) 3. Do not pay any heed to rumors at the time of trading shares; it may cause loss to you. Even spreading rumor is legally prohibited. (Ref.: SEC letter no. SEC/SRMIC/2010/726 dated November 23, 2010). (end)

EXCH
Post Date: 07 July, 2020
DSE does not publish market data through any social media pages. INVESTORS should not rely on any information from an unauthorized source such as Facebook, WhatsApp, Viber, Linkedin etc. (cont.)


EXCH
Post Date: 07 July, 2020
(Continuation of DSE News): If anyone spreads information based on rumor, using patent of DSE, he/she will be held liable under Copyright Act, 2000 and it shall be treated as punishable offence under Section-17 of the Securities and Exchange Ordinance, 1969. (end)

EXCH
Post Date: 07 July, 2020
Reviewing performance of few listed Companies by DSE for closure of operation: The performance of the following listed securities is under process of reviewing by DSE in line with regulation 51(1)(c) of the Dhaka Stock Exchange (Listing) Regulations, 2015 as the commercial operation/production/exploration of the issuers has been stopped for a period of consecutive three years: 1. Meghna PET Industries Ltd., 2. Beach Hatchery Ltd. and 3. United Airways (BD) Ltd.

EXCH
Post Date: 07 July, 2020
The performance of the following listed securities are under process of reviewing by DSE in line with regulation 51(1)(a) of the Dhaka Stock Exchange (Listing) Regulations, 2015 as the issuers have failed to declare dividend (cash/stock) for a period of five years from the date of declaration of last dividend or the date of listing with the Exchange: 1. Meghna Pet Industries Ltd., 2. ICB Islamic Bank Ltd., 3. Dulamia Cotton Spinning Mills Ltd., (cont.)


EXCH
Post Date: 07 July, 2020
Honorable Investors, Good morning! Please make your investment decision based on Company fundamentals, technical analysis, price level and disclosed information. Avoid rumor-based speculations.

REGL
Post Date: 07 July, 2020
Investors are requested to consider the following facts at the time of making investment decision in the Capital Market: 1. Without acquiring proper knowledge, information and experience regarding different aspects and matters of Capital Market, one should not invest in the Capital Market. 2. The gain or loss, whichever comes from the investment, it belongs to you. So, well - thought of investment decision based on knowledge and fundamentals of the securities may be real assistance to you. (cont.)