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BGIC

All Eps Dividend Board Agm Q1 Q2 Q3

BGIC 25-May-2021

(Continuation news of BGIC): Emphasis of Matter: We draw attention to note 3.23 (d) of the Financial Statements, which describes the reason for net establishing Workers' Profit Participation Fund by the Company according to Bangladesh Labor Act 2006 (as amended in 2013). We refer to note 3.23 (b) of the Financial Statements, which shows that the company has not performed any actuarial valuation on gratuity fund that is a noncompliance as per IAS 19. (cont.3)

BGIC 25-May-2021

(Continuation news of BGIC): BDT 20.53 million in the "Cash and Cheques in hand" as carried in note no. 22 to the financial statements, and the reconciliation of the difference of BDT 125.54 million between VAT return and "Premium" as presented in "Form-XL" to the financial statements. Moreover, we could not obtain the fixed asset register of the Property, Plant and Equipment of the company shown in note no. 23 to the financial statements. (cont.2)

BGIC 25-May-2021

The auditor of the Bangladesh General Insurance Company Ltd has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. Basis for Qualified Opinion: We could not obtain sufficient appropriate audit evidence regarding Sundry Debtors of BDT 16.01 million referred to in note no. 20 to the financial statements, "Unquoted Share" of BDT 23.68 million in note no. 17 to the financial statements, (cont.1)

BGIC 20-May-2021

The Company has further informed that NAV per share of Tk. 19.38 instead of Tk. 18.65 for the year ended on December 31, 2020.

BGIC 20-May-2021

(Continuation news of BGIC): Depository Participants are requested to provide the details (shareholder's name, BO ID, shareholding position, applicable tax rate, dividend amount, bank name, account no. and routing no., etc.) of the margin loan holders who hold Company's shares on the Record date to the share office at 42, Dilkusha C/A, Dhaka. (end)

BGIC 20-May-2021

The Company has requested the shareholders to update their BO accounts with 12 digit e-TIN and any other changes in their particulars through their Depository Participant (DP) and the shareholders bearing folio numbers are requested to submit their e-TIN certificate to the Share Department of the Company latest by June 13, 2021; failing of which Income Tax will be deducted at source @ 15% instead of 10% from cash dividend as per Income Tax Ordinance 1984 and (cont.)

BGIC 20-May-2021

There will be no price limit on the trading of the shares of the Company today (20.05.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

BGIC 20-May-2021

The Board of Directors has recommended 12% cash dividend for the year ended on December 31, 2020. Date of AGM: 14.07.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 14.06.2021. The Company has also reported EPS of Tk. 1.25, NAV per share of Tk. 18.65 and NOCFPS of Tk. 1.94 for the year ended on December 31, 2020 as against Tk. 1.28 (restated), Tk. 18.65 and Tk. 0.94 respectively for the same period of the previous year.

BGIC 12-May-2021

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 May 19, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

BGIC 26-Apr-2021

In response to a DSE query dated April 25, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.

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