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CVOPRL

All Eps Dividend Board Agm Q1 Q2 Q3

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)

CVOPRL 21-Dec-2016

(Continuation news of CVOPRL): and also directed to supply Condensate to the Company pursuant to allotment dated 30.10.2014 and 10.06.2015 within a period of 07 days from the date of receipt of the order. But the Sylhet Gas Field Ltd. has submitted a civil petition to leave to appeal no 2656 of 2016 and the Honorable Court has stayed the operation of the above order for the time being (cont. 3)

CVOPRL 21-Dec-2016

Continuation news of CVOPRL): Note 33.3: Sylhet Gas Fields Limited the only supplier of Raw material Natural Gas Condensate (NGC) suspended supply of raw material without issuing prior notice from 17.07.2016 in violation of the agreement with them. The Company filed a Writ petition no 9572 of 2016 in High Court Division of Honorable Supreme Court of Bangladesh. The Honorable High Court Division of the Supreme Court issued a Rule Nisi on August 04, 2016 upon the Sylhet Gas Fields Limited (cont.2)

CVOPRL 21-Dec-2016

The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for the year ended on 30 June 2016. Emphasis of Matter: 1. Without qualifying our opinion, we draw the attention to (Note-33.3) of the financial statements which describes the closure of production of the Company due to suspension of supply of raw materials by Sylhet Gas Fields Limited which is under litigation. (cont.1)

CVOPRL 21-Nov-2016

Trading of the shares of the Company will resume on 22.11.2016 after record date.

CVOPRL 20-Nov-2016

Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2016.

CVOPRL 16-Nov-2016

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 17.11.2016 to 20.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2016.

CVOPRL 14-Nov-2016

(Q1 Un-audited): EPS was Tk. (0.28) for July-September, 2016 as against Tk. 2.49 for July-September, 2015; NOCFPS was Tk. 1.95 for July-September, 2016 as against Tk. 2.29 for July-September, 2015. NAV per share was Tk. 20.23 as of September 30, 2016 and Tk. 20.50 as of June 30, 2016.

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