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MERCINS

All Eps Dividend Board Agm Q1 Q2 Q3

MERCINS 28-Sep-2020

The Company has been placed in 'B' category from existing 'A' category with effect from today i.e. September 28, 2020 as the Company has approved 7% cash dividend for the year ended on December 31, 2019.

MERCINS 21-Sep-2020

(continuation news of MERCINS): and directs the Board of Directors of the Company to fill up the vacancy from any shareholders having 2% (two percent) or more shares of the Paid up capital within 30 working days of issuance of this Order. (end)

MERCINS 21-Sep-2020

As per BSEC Order No. SEC/SRMIC/2016/1240/58 dated September 20, 2020, in exercise of the power conferred by Section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Commission hereby declares casual vacancy or stand vacant of the position of Public Shareholder Directors namely Mr. Aziz Mohammed Ershad Ullah Chy, Mrs. Farhana Islam Sonia, Mr. Azad Mustafa, Mr. Shafique Ahmed and Mr. Saad Quadir Bin Solaiman (cont.)

MERCINS 09-Sep-2020

Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA-" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the Company as on December 31, 2019 and relevant qualitative information till September 07, 2020.

MERCINS 16-Aug-2020

Trading of the Shares of the Company will resume on 17.08.2020 after record date.

MERCINS 13-Aug-2020

Trading of the shares of the Company will remain suspended on record date i.e., 16.08.2020.

MERCINS 12-Aug-2020

(Continuation news of MERCINS): of assets as per IAS 16 "Property, Plant and Equipment", and has not maintained appropriate assets register. Note 10.00-Property, Plant & Equipment: Balance of Property, Plant & Equipment as on 31 December 2019 was BDT 31,089,069.00 and as on 31 December 2018 was BDT 34,863,339.00." As per IAS-24, related party transactions should be disclosed. The Company has not reflected "Related party disclosure" properly." (end)

MERCINS 12-Aug-2020

The auditor of Mercantile Insurance Co. Ltd. has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on December 31, 2019. Emphasis of Matter: We draw attention to the following matters, though our opinion is unqualified in respect of the same: We draw attention to Note'10.00 & Annexure-A Property, Plant & Equipment, the company has not yet done any valuation (cont.)

MERCINS 10-Aug-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 12.08.2020 to 13.08.2020. Trading of the shares of the Company will remain suspended on record date i.e., 16.08.2020.

MERCINS 05-Aug-2020

(Q2 Un-audited): EPS was Tk. 0.07 for April-June 2020 as against Tk. 0.18 for April-June 2019; EPS was Tk. 0.40 for January-June 2019 as against Tk. 0.80 for January-June 2019. NOCFPS was Tk. 0.36 for January-June 2020 as against Tk. 0.52 for January-June 2019. NAV per share was Tk. 18.70 as on June 30, 2020 and Tk. 18.27 as on December 31, 2019.

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