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PROGRESLIF

All Eps Dividend Board Agm Q1 Q2 Q3

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): A legal proceeding is running in the Honorable High Court division of Supreme Court of Bangladesh in the name of the Company's affairs which are yet to be resolved. Due to this reason, the Company could not hold any general meeting as its annual general meeting since 2013 in accordance with Section 81 of the Companies Act, 1994. With the approval of the Court, the Company has held its 14th, 15th and 16th AGMs for the years 2013, 2014 and 2015 (cont. 20)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): Supreme Court of Bangladesh in the name of PLICL's affairs which are yet to be resolved. Due to this reason, PLICL could not hold any general meeting as its annual general meeting since 2013 in accordance with Section 81 of the Companies Act, 1994. With the approval of the Court, PLICL has held its 14th, 15th and 16th AGMs for the years 2013, 2014 and 2015 respectively on 12 September 2019; Note 4.07 - Annual General meeting (AGM): (cont. 19)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): these petty cash balances of BDT 5,796,247 are lying with the respective agents of closed service cells, which they are trying to recover. According to IAS 37, para 14, no provision has been maintained against BDT 5,796,247 in the audited financial statements; and 5. According to the 153th Board meeting, dated July 25, 2019 and 16th AGM, dated September 12, 2019, (cont. 6)

PROGRESLIF 17-Feb-2020

(Continuation news of PROGRESLIF): which are yet to be resolved. Due to this reason, the Company could not hold any general meeting as its annual general meeting since 2013 in accordance with Section 81 of the Companies Act, 1994. With the approval of the Court, the Company has held its 14th, 15th and 16th AGMs for the years 2013, 2014 and 2015 respectively on 12 September 2019.g) As disclosed in note 4.08 to the financial statements that, a legal proceeding is running in (cont. 20)

PROGRESLIF 17-Feb-2020

(Continuation news of PROGRESLIF): as its annual general meeting since 2013 in accordance with Section 81 of the Companies Act, 1994. With the approval of the Court, PLICL has held its 14th, 15th and 16th AGMs for the years 2013, 2014 and 2015 respectively on 12 September 2019; Note 4.07 - Annual General meeting (AGM): A legal proceeding is running in the Honorable High Court division of Supreme Court of Bangladesh in the name of the Company's affairs (cont. 19)

PROGRESLIF 17-Feb-2020

(Continuation news of PROGRESLIF): the respective agents of closed service cells, which they are trying to recover. According to IAS 37, para 14, no provision has been maintained against BDT 5,959,293 in the audited financial statements; and 5. According to the 153th Board meeting, dated July 25, 2019 and 16th AGM, dated September 12, 2019, PLICL has declared and approved 10% dividend (i.e. 5% stock and 5% cash) for the year 2015 amounting to BDT 12,865,776 to its shareholders. (cont. 6)

PROGRESLIF 10-Feb-2020

(Continuation news of PROGRESLIF): Due to this reason, the Company has not held any general meeting as its annual general meeting since 2013 in accordance with Section 81 of the Companies Act, 1994; Note 4.07-Annual General Meeting (AGM): A legal proceeding is running in the Honorable High Court division of Supreme Court of Bangladesh in the name of the Company?s affairs which are yet to be resolved. Due to this reason, the Company has not held any general meeting (cont. 15)

PROGRESLIF 03-Dec-2019

The Board of Directors has recommended No dividend for the year ended on December 31, 2016 and December 31, 2017. The Board of Directors has also recommended 12% stock dividend for the year ended on December 31, 2018. Date of AGM: 02.02.2020, Time: 11:00 AM for the year of 2016, 2017 and 2018. Venue: Dhaka Ladies Club, 36, Eskaton Garden Road, Ramna, Dhaka - 1000. Record Date: 08.01.2020 for the year of 2016, 2017 and 2018.

PROGRESLIF 28-Jul-2019

The Board of Directors has recommended No dividend for the year ended on December 31, 2013 and December 31, 2014. The Board of Directors has also recommended 5% cash and 5% stock dividend for the year ended on December 31, 2015. Date of AGM: 12.09.2019, Time: 11:00 AM, for 2013, 2014 and 2015. Venue: Institution of Diploma Engineers Bangladesh (IDEB), 160/A, Kakrail, VIP Road, Dhaka-1000. Record Date: 22.08.2019, for 2013, 2014 and 2015.

PROGRESLIF 02-Aug-2018

(Continuation news of PROGRESLIF): and unaudited financial statements for the 1st quarter ended on March 31, 2018. The Company has also informed that the matter of audited accounts and holding of AGMs are Sub-Judice in the Hon'ble High Court Division of Bangladesh. (end)

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