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BSCPLC

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BSCPLC 12-Nov-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 15.11.2020 to 16.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2020.

BSCPLC 05-Nov-2020

(Continuation news of BSCCL): not considered as potential share to calculate the Net Assets Value (NAV) per share and Earning per Share (EPS). For that reason, as on reporting date both Net Assets Value (NAV) per share and Earning per Share (EPS) of the company is overstated. As the potential share is not identified by the management of BSCCL, the value of overstatement of Net Assets Value (NAV) per share and Earning per Share (EPS) could not be quantified. (end)

BSCPLC 05-Nov-2020

(Continuation news of BSCCL): from investor as share capital or call by whatever name that was considered as part of equity in the Financial Statements shalt be converted to share capital within six months. Further, till to date of conversion of share money deposit to share capital, the amount of share money deposit shall be considered as potential share. As on 30 June 2020 BSCCL did not convert the amount of Tk. 1,660,000,000 as equity money to Share capital and was (cont.4)

BSCPLC 05-Nov-2020

(Continuation news of BSCCL): Concerned Authority of the Government of the People's Republic of Bangladesh and in compliance with the guidelines and policies issued by Finance Division for issuing equity capital. On 11 February 2020 Financial Reporting Council (FRC) has issued a notification (Notification No. 146/FRC/Admin/Notification/2020/01) regarding Accounting and Reporting on Share Money Deposit. As per the said notification any amount received (cont.3)

BSCPLC 05-Nov-2020

(Continuation news of BSCCL): implementing the Regional Submarine Telecommunications Project, Bangladesh (Installation and Establishment of Second Submarine Cable System (SMW5) as Equity Money with condition that the said amount will be converted into Equity Capital in favour of Ministry of Posts, Telecommunications and Information Technology (MoPT & IT) through issuing Share after implementing the project and getting proper approval from the (cont.2)

BSCPLC 05-Nov-2020

The auditor of Bangladesh Submarine Cable Company Limited has given the following "Qualified Opinion" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. Qualified Opinion: In the year 2015-2016 & 2016-2017, Bangladesh Submarine Cable Company Limited (BSCCL) received amounted to Taka 1,660,000,000 in six different phases from the Government of the People's Republic of Bangladesh for the purpose of (cont.1)

BSCPLC 04-Nov-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 November 12, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

BSCPLC 25-Oct-2020

(Continuation news of BSCCL): They also requested to provide their Bank name & Account number, Routing number, etc. within the stipulated time to enable us to disburse the cash dividend to their respective accounts. (end)

BSCPLC 25-Oct-2020

The Company has requested all Stock Brokerage Houses to provide a statement with the details (Shareholders' name, BO ID number, client-wise shareholding position) of their margin account holders (if any) who hold shares, as on the Record Date along with the name of the contact person in this connection, to the Company Secretariat of BSCCL & e-mail the same at div@bsccl.com on or before 30th November, 2020. (cont.)

BSCPLC 25-Oct-2020

There will be no price limit on the trading of the shares of the Company today (25.10.2020) 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.

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