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GP

All Eps Dividend Board Agm Q1 Q2 Q3

GP 23-Feb-2020

The company has informed that they have decided to deposit BDT 1000 crore on February 23, 2020 to BTRC, following the order of the Hon'ble Appellate Division on Grameenphone's Civil Review Petition No. 21 of 2020 heard on February 20, 2020.

GP 17-Feb-2020

Trading of the Shares of the Company will resume on 18.02.2020 after record date.

GP 16-Feb-2020

Trading of the shares of the Company will remain suspended on record date i.e., 17.02.2020.

GP 12-Feb-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 13.02.2020 to 16.02.2020. Trading of the shares of the Company will remain suspended on record date i.e., 17.02.2020.

GP 03-Feb-2020

(Continuation news of GP): which has led to a restatement of financial statements as at and for the year ended December 31, 2018 the immediate corresponding period and as at 01 January, 2018 the additional IFRS balance sheet date. (end)

GP 03-Feb-2020

(Continuation news of GP): Therefore, as of now no reliable estimation of liability can be derived. b) we draw attention to Note 3.18 to the financial statements which describes the impact of the adjustments related to erroneous accounting of sales, marketing expenses, commission payments and associated costs (cont. 28)

GP 03-Feb-2020

(Continuation news of GP): The errors in the audit-findings, the unprecedented long period covered by the audit (more than 20 years backwards), the inclusion of already settled/resolved items, the erroneous claim on behalf of third parties, the inclusion of sub-judice items in conjunction with the absence of merit based determination through any solution process create significant uncertainty about the validity of the demand and outcome of the dispute. (cont. 27)

GP 03-Feb-2020

(Continuation news of GP): and requested the BTRC to engage in discussion for an amicable resolution. Thereafter, due to non-response by BTRC, applications for arbitration under local law and thereafter Civil Suit and appeal were filed in Bangladesh Courts. As of now, there has not been any judicial determination of the merits of the demand dated 02 April 2019 based on the disputed audit report nor any substantive discussion before any regulatory forum. (cont. 26)

GP 03-Feb-2020

(Continuation news of GP): unauthorized and erroneously claimed by BTRC and are related to already resolved matter or where NBR has no claim against GP or matters pending in ongoing formal resolution processes (sub-judice) with the NBR. In the NBR matters, Grameenphone had already made the relevant provisions. Pointing out the errors in the substance, methodologies and procedures of the audit exercise Grameenphone disputed the whole Audit Demand (cont. 25)

GP 03-Feb-2020

(Continuation news of GP): Demand is comprised of claims against 26 line items of which 22 line Items are related to BTRC payments (BDT 22,997,025,359 as principal amount and BDT 61,943,079,371 as interest amount) and are fully unjustified from Grameenphone's position; and no provision has been recorded based on the audit demand dated 02 April, 2019 as such. The other 4 line items (with a total amount of BDT 40,859,371,405) are (cont. 24)

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