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MJLBD

All Eps Dividend Board Agm Q1 Q2 Q3

MJLBD 19-Nov-2019

(Continuation news of MJLBD): such as the Directorate of Labour/National Board of Revenue, the company may proceed on with filing writ petition in this matter for appropriate relief from the High Court Division, Supreme Court of Bangladesh. The company expects to finalize this matter very soon. Accordingly, no provision has been made in the financial statements for this obligation. (cont. 5)

MJLBD 19-Nov-2019

(Continuation news of MJLBD): appeal with the Government of Bangladesh for amendment/ waiver of the application of the "Worker Participation Fund" in respect of the energy companies in Bangladesh. The matter is at appeal stage now pending before the concerned government authority for decision. In absence of satisfactory response from the government authority and/or any claim from competent authorities (cont.4)

MJLBD 19-Nov-2019

(Continuation news of MJLBD): Note 2.15 Benefits to the employees (iii) Workers' Profit Participation Fund-According to amended Labor Act 2013, the company is required to set up "Worker's Profit Participation Fund" and transfer 5% of the net profits to this fund utilized in accordance with the provision of the Act. The Bangladesh Energy Companies Association, on behalf of our Company and other member companies, has filed an (cont.3)

MJLBD 19-Nov-2019

(Continuation news of MJLBD): As disclosed in note # 2.15(iii) to the financial statements, none of MJL Bangladesh Limited and its subsidiaries has made any provision for the said fund. Had the provision for WPPF been made in these financial statements the net profit before tax of the Group as well as of the Company would have been decreased by Tk. 152,940,246 and Tk. 94,790,529 respectively. (cont.2)

MJLBD 19-Nov-2019

Qualified Opinion: Section 232 of The Bangladesh Labour (Amendments) Act 2013 which has been enacted in July 2013 requires 5% of the Company's net profit before tax to be distributed each period to a Workers' Profit Participation Fund (WPPF). The Company has not made any provision for WPPF against the said requirement of the Bangladesh Labour (Amendments) Act 2013 for the period from 01 July 2018 to 30 June 2019. (cont.1)

MJLBD 14-Nov-2019

Trading of the Shares of the Company will resume on 17.11.2019 after record date.

MJLBD 13-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 14.11.2019.

MJLBD 13-Nov-2019

(Q1 Un-audited): Consolidated EPS was Tk. 1.55 for July-September, 2019 as against Tk. 1.43 for July-September, 2018; Consolidated NOCFPS was Tk. 4.35 for July-September, 2019 as against Tk. 2.13 for July-September, 2018. Consolidated NAV per share was Tk. 37.19 as on September 30, 2019 and Tk. 35.64 as on June 30, 2019.

MJLBD 07-Nov-2019

As per consent of BSEC, 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 12.11.2019 to 13.11.2019 instead of 07.11.2019 to 11.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 14.11.2019 instead of 12.11.2019.

MJLBD 06-Nov-2019

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 07.11.2019 to 11.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 12.11.2019.

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