| Welcome to Bay Leasing!
Bay Leasing & Investment Limited (BLIL), a second generation NBFI (Non Banking Financial Institution) was incorporated in 7 February 1996 sponsored by a group of prominent industrialists, businessmen and professionals. In 25 May 1996 the Company received license from the regulator to act as non-banking financial institution under Financial Institution Act 1993 & Financial Institution Regulation of 1994 with a paid up capital of BDT 22.50 million. Initially BLIL provided services related to lease financing, short term financing, corporate advisory services etc. In 25 June 1998, BLIL received license from Securities a & mp; Exchange Commission (SEC) to act as a Merchant Banker and Portfolio Manager in the capital market. As a merchant banker, the Company provides services related to issue management, underwriting, private placement, portfolio management etc.
BLIL started commercial operation in 1996 and its major business relates to lease/loan on textile, transport (including marine), garments & accessories, power & energy, engineering etc; deposit mobilization and merchant banking activities.
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PRICE SENSITIVE INFORMATION |
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This is to inform all concerned that the Board of Directors of Bay Leasing and Investment Ltd. in its 80th meeting held on 15th April, 2010 at 3:30 P.M. at its Head Office, Printers Building (7th Floor), 5 Rajuk Avenue, Motijheel C/A, Dhaka- 1000. recommended to approve audited financial statements of the Company for the year ended 31st December, 2009 and took the following decisions. |
1. Date of EGM : May 15, 2010, Saturday at 11:00 A.M.
2. Date of the 14th AGM : May 15, 2010, Saturday at 11:30 A.M.
3. Venue of the EGM & 14th AGM : Celebrity Hall, Bangabandhu International Conference Centre
Agargaon, Sher-E- Bangla Nagar, Dhaka.
4. Recommended Dividend : 50% of Stock Dividend (Subject to the approval of the Shareholders in the 14th AGM).
5. Record Date : April 26, 2010
6. Net Asset Value (NAV) : Tk. 80,32,77,203.00
7. NAV per Share : Tk. 394.00
8. Earning Per Share (EPS) : Tk. 76.78
9. Net Operating Cash Flow
Per Share (NOCFS) : Tk. 35.08 |
The Shareholders, whose names would appear in the Register of Members of the Company on the Record Date will be eligible to attend the meeting and qualify for dividend.
The Board also took a special resolution to offer One right share against One ordinary share( i.e. 1R:1)at
an issue price of Tk. 350/= each (including premium of Tk.250/= each) subject to the approval of
Shareholders and regulatory authorities. Record date for entitlement of right share shall be informed
later on.
The Board further decided that the Authorised Capital of the Company will be increased from Tk. 50.00 crore to Tk. 100.00 crore and accordingly, Memorandum and Articles of Association of the Company will be amended subject to the approval from the Shareholders in the forthcoming EGM and regulatory authorities . |
| Date : April 15, 2010 |
By order of the Board
Sd/
Tapan Kumar Joadder
Vice President
& Company Secretary
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