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NORTHERN

All Eps Dividend Board Agm Q1 Q2 Q3

NORTHERN 02-Mar-2020

Refer to their earlier news disseminated by DSE on 26.02.2020 regarding "Extension of Shutdown of the mill", the Company has further informed that the Honorable Court partially heard the Writ on March 01, 2020 and further advised the Company to submit some additional documents on March 02, 2020. As required, they will submit the same and they are expecting that it will dispose off on March 02, 2020. (cont.)

NORTHERN 26-Feb-2020

(Continuation news of NORTHERN): But the Court, further asking to submit some additional papers/documents and accordingly they have submitted the same. They are expecting that the Writ Petition may be heard on March 01, 2020. In consideration of the above, the Board of Directors further decided to extend the shutdown of the mill up to March 01, 2020 as they are not in a position to pay wages, party payments as their all bank accounts were frozen. (end)

NORTHERN 26-Feb-2020

Refer to their earlier news disseminated by DSE on 23.02.2020 regarding "Bangladesh Bank has directed to freeze all Bank accounts of the Company" the Company has further informed that they have placed a Writ Petition file to the Honorable High Court Division on February 24, 2020 to stay the order of freezing all bank accounts and the High Court was supposed to ready for hearing on February 25, 2020. (cont.)

NORTHERN 23-Feb-2020

(Continuation news of NORTHERN): As such, the Company could not procure raw jute and not make any party payments to spares parts supplier even the Company couldn't disburse any cash dividend to their respected shareholders though they are maintaining adequate fund. Therefore, the Company has decided to shut down the mill with effect from February 22 to 25, 2020. (end)

NORTHERN 23-Feb-2020

The Company has informed that as per Order of the Honorable High Court dated January 22, 2020, on "Financial Institution Matter No. 1 of 2019", the Governor of Bangladesh Bank has directed to freeze all of Bank accounts of the Company maintained with different banks and accordingly all the bank accounts of the Company has been frozen. As a result, the Company couldn't realize any export proceeds from their exports. (cont.)

NORTHERN 30-Jan-2020

(Q2 Un-audited): EPS was Tk. 2.94 for October-December 2019 as against Tk. 9.06 for October-December 2018; EPS was Tk. 10.10 for July-December 2019 as against Tk. 11.09 for July-December 2018. NOCFPS was Tk. (12.13) for July-December 2019 as against Tk. (46.36) for July-December 2018. NAV per share was Tk. 100.43 as on December 31, 2019 and Tk. 80.33 as on June 30, 2019. EPS was decreased due to cost price of raw jute is higher the normal season, on the other hand export value of yarn is stable.

NORTHERN 23-Jan-2020

As per Regulation 16(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 January 29, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

NORTHERN 24-Dec-2019

DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Northern Jute Manufacturing Co. Ltd. in between 1st to 30th trading day after change of categorization, with effect from December 26, 2019 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.

NORTHERN 24-Dec-2019

The Company will be placed in 'A' category from existing 'Z' category with effect from December 26, 2019 as the Company has reported disbursement of 100% cash dividend for the year ended on June 30, 2019.

NORTHERN 23-Dec-2019

The Company has informed that it has disbursed cash dividend for the year ended on June 30, 2019 in the form of Dividend Warrant. Undelivered dividend warrant can be collected from the Company Head Office, Share Department, D H Tower (Level - 8), 6, Panthapath, Dhaka ? 1215.

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