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IFIC

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IFIC 13-Apr-2017

(Continuation news of IFIC): Hon'ble Judge-in-Chamber of the Hon'ble Appellate Division of the Supreme Court of Bangladesh, the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by the Bangladesh Securities and Exchange Commission is now in full force and operation. Further, the new Record Date for Rights Share entitlement shall be on Monday, 17 April 2017. The Subscription Opening Date i.e. Wednesday, 31 May 2017 (cont. 3)

IFIC 13-Apr-2017

(Continuation news of IFIC): Hon'ble Appellate Division vide order dated 12.04.2017 was pleased to stay operation of the order dated 11.04.2017 passed by the Hon'ble High Court Division in Writ Petition No. 5219 of 2017 so far it relates to staying operation of the Memo No. BSEC/CI/RI-110/2016-133 dated 15.03.2017 issued by Bangladesh Securities and Exchange Commission. In view of the order of stay granted by the (cont. 2)

IFIC 13-Apr-2017

The Company has informed that IFIC Bank Limited and The Managing Director & CEO of IFIC bank Limited, both filed a Civil Miscellaneous Petition No. 718 of 2017 before the Hon'ble Appellate Division of the Supreme Court of Bangladesh Challenging the order of stay dated 11.04.2017 passed by the Hon'ble High Court Division in Writ Petition No. 5219 of 2017. The said Civil Miscellaneous Petition No. 718 of 2017 was moved on 12.04.2017 and the Hon'ble Judge-in-Chamber of the (cont. 1)

IFIC 12-Apr-2017

As the Honorable High Court Division of the Honorable Supreme Court of Bangladesh has issued a Rule Nisi and Stay the operation regarding approval for issuance of Rights share of the Company, the trading of the shares of the Company will not remain suspended today i.e., 12.04.2017 (declared earlier as record date) for entitlement of Rights share. So, the trading of the shares of the Company will continue today i.e., 12.04.2017.

IFIC 11-Apr-2017

The Honorable High Court Division of the Honorable Supreme Court of Bangladesh has issued a Rule Nisi and Stay the operation of the impugned letter of BSEC vide memo no. BSEC/CI/RI-110/2016/133 dated March 15, 2017 for a period of 3 (three) months which was regarding approval for issuance of Rights share of the Company.

IFIC 11-Apr-2017

Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2017 for entitlement of Rights share.

IFIC 09-Apr-2017

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 the entitlement of Rights shares from 10.04.2017 to 11.04.2017. Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2017.

IFIC 09-Apr-2017

There will be no price limit on the trading of the shares of the Company today (09.04.2017) following its corporate declaration.

IFIC 09-Apr-2017

The Board of Directors has recommended 12% stock dividend for the year ended on December 31, 2016. Date of AGM: 03.07.2017, Time: 11:00 AM, Venue: Officers Club, 26, Baily Road, Ramna, Dhaka-1000. Record Date: 03.05.2017. The Company has also reported Consolidated EPS of Tk. 2.81, Consolidated NAV per share of Tk. 24.69 and Consolidated NOCFPS of Tk. 1.23 for the year ended on December 31, 2016 as against Tk. 1.87, Tk. 24.57 and Tk. (3.13) respectively for the same period of the previous year.

IFIC 30-Mar-2017

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 April 06, 2017 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.

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