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PRIMELIFE

All Eps Dividend Board Agm Q1 Q2 Q3

PRIMELIFE 29-Jun-2021

(Continuation news of PRIMELIFE): total amount. Also the company is yet to generate any profit from these investment but the company has not made any provision against the said amount as a result total assets have been overstated and profit have been overstated by the amount of BDT 150,000,000. However, the company has filed case #1 318/2020 and case #2 319/2020 case #3 320/2020 and case #4 321/2020 at High court against Sterling Group for recovery of the said amount. (cont. 4)

PRIMELIFE 29-Jun-2021

(Continuation news of PRIMELIFE): #1 109/2020 and case #2 164/2020 at High court against PFI Securities Limited for recovery of the said amount. All cases are in hearing process. 2. As disclosed in note #18.1 of the financial statements, there were Investment with 4 concerns of Sterling Group amounting to BDT 150,000,000. As these investment have been outstanding since long and in the absence of any form of agreement with these entities there is significant doubt over the recoverability of the (cont. 3)

PRIMELIFE 29-Jun-2021

(Continuation news of PRIMELIFE): Since these investment have been outstanding since long and the financial condition of PFI Securities Limited being deficient, there is significant doubt over the recoverability of the total amount of these investments but the company has not made any provision against the said amount as a result total assets have been overstated and profit have been overstated by the amount of BDT 1,831,777,899 (1,678,045,201 + 153,732,698). However, the company has filed case (cont. 2)

PRIMELIFE 29-Jun-2021

The auditor of the Prime Islami Life Insurance Ltd. has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. Basis for Qualified Opinion: 1. As disclosed in notes #13.7, #17.1 of the financial statements, there are short term investment with PFI Securities Limited amounting to BDT 1,678,045,201 and Sundry Debtors (PFI Securities Limited) amounting to BDT 153,732,698 respectively. (cont. 1)

PRIMELIFE 22-Jun-2021

(Q1 Un-audited): Decrease in consolidated life revenue account for Jan-Mar, 2021 was Tk. 878.33 million with consolidated total life insurance fund of Tk. 7,489.39 million as against decrease in Tk. 670.44 million (solo) with life insurance fund of Tk. 8,149.83 million (solo) respectively for the same period of the previous year.

PRIMELIFE 22-Jun-2021

There will be no price limit on the trading of the shares of the Company today (22.06.2021) following its corporate declaration.

PRIMELIFE 22-Jun-2021

The Board of Directors has recommended No dividend for the year ended on December 31, 2020. Date of AGM: 23.08.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date for AGM: 12.07.2021.

PRIMELIFE 15-Jun-2021

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 June 21, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.

PRIMELIFE 15-Jun-2021

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 June 21, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

PRIMELIFE 03-Jan-2021

The Company has informed that it has disbursed the cash dividend for the year ended on December 31, 2019 to the respective shareholders.

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