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CVOPRL

All Eps Dividend Board Agm Q1 Q2 Q3

CVOPRL 06-Mar-2017

With reference to their earlier news (disseminated by DSE on 10.01.2017) regarding transmission of deceased Sponsor's/Director's shares to his nominee, the Company has further informed that 11,13,750 shares of late Mr. Md. Nurul Alam Ansari, former Sponsor/ Director of the company has been transmitted to the account of his nominee Mr. Shamsul Alam Shamim, another Sponsor/Director of the Company; the younger brother of Late Mr. Md. Nurul Alam Ansari.

CVOPRL 30-Jan-2017

(continuation news of CVOPRL): the discouraging financial position of the Company has been caused due to discontinuance of commercial operation owing to arbitrary suspension of the supply of condensate by Sylhet Gas Fields Ltd. from July 17, 2016. (end)

CVOPRL 30-Jan-2017

(Q2 Un-audited): EPS was Tk. (0.94) for October-December, 2016 as against Tk. 3.38 for October-December, 2015; EPS was Tk. (1.37) for July-December, 2016 as against Tk. 5.88 for July-December, 2015. NOCFPS was Tk. 1.44 for July-December, 2016 as against Tk. 7.79 for July-December, 2015. NAV per share was Tk. 16.64 as of December 31, 2016 and Tk. 20.50 as of June 30, 2016. The Company, among others, has informed that the Board of Directors of the Company has observed that (cont.)

CVOPRL 26-Jan-2017

The Company has informed that it has disbursed cash dividend for the year ended on June 30, 2016.

CVOPRL 24-Jan-2017

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 January 29, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.

CVOPRL 22-Jan-2017

DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase any security of CVO Petrochemical Refinery Limited, with effect from January 23, 2017 as per BSEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.

CVOPRL 22-Jan-2017

The Company will be placed in "Z" category from existing "A" category with effect from January 23, 2017 in accordance with the regulation 2(1)(z) of the Dhaka Stock Exchange (Settlement of Transactions) Regulations, 2013 since the Company is not in continuous operation for more than 6 (six) months.

CVOPRL 16-Jan-2017

In response to a DSE query regarding the confirmation about commencement date of suspension of production of the company, the Company has informed, among others, the following, "Sylhet Gas Fields Ltd. arbitrarily stopped the supply of condensate from 17 July, 2016. But they informed us about their action through their letter dated 27 July, 2016. After that we ran our production from our stock of condensate until 20 July 2016. From 21 July 2016, our production was totally off due to shortage of condensate."

CVOPRL 10-Jan-2017

The Company has informed that Mr. Md. Nurul Alam Ansari, one of the Sponsors/ Directors of the Company passed away on 29.10.2016. His present holding is 11,13,750 shares. These shares will be transmitted to the account of his nominee Mr. Shamsul Alam Shamim, another Sponsor/Director of the Company; the younger brother of Late Mr. Md. Nurul Alam Ansari.

CVOPRL 21-Dec-2016

(Continuation news of CVOPRL): and directed another Division of High Court to dispose of the rule expeditiously by September' 08, 2016 on priority basis. In the meantime, High Court went to vacation. Due to non-supply of Condensate by the Sylhet Gas Fields Ltd. the production of the Company is suspended since 17.07.2016. The Management of the Company expects to win the legal battle and resume its production at the earliest. (End)

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