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PROGRESLIF

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PROGRESLIF 03-Dec-2019

Dividend Declaration (Additional Information): The Company has further informed that a) Reason for declaration of Bonus share to comply Insurance Act- 2010 and repeatedly direction by the IDRA to raise paid up capital upto 30.00 crore immediately according to schedule-1, bonus share declared according to Actuary Valuation and Surplus. b) Bonus share were declared considering only Actuarial surplus and (cont.)

PROGRESLIF 03-Dec-2019

There will be no price limit on the trading of the shares of the Company today (03.12.2019) following its corporate declaration.

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 25-Nov-2019

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 December 02, 2019 at 3:30 PM to consider, among others, audited financial statements of the Company for the years ended on December 31, 2016, 2017 and 2018 as per judgment and order of the Honorable High Court.

PROGRESLIF 09-Oct-2019

The Company has informed that it has credited the bonus shares for the year ended on December 31, 2015 to the respective shareholders' BO Accounts and also disbursed the cash dividend and fractional amount against fraction bonus shares to the respective shareholders' Bank Accounts through BEFTN for the year ended on December 31, 2015.

PROGRESLIF 26-Sep-2019

The Company has informed that the Board of Directors of the Company has elected Mr. Zakariya Ahad as the Chairman and Mr. Mezanur Rahman as the Vice chairman of the Company.

PROGRESLIF 26-Sep-2019

(Continuation news of PROGRESLIF): c) Bonus shares were not declared out of from Capital Reserve on Revaluation Reserve unrealized Gain or out of Profit earned prior to incorporation of the Company or through reducing Paid up Capital or through doing anything so that the Post Dividend Retained Earnings become negative or a debit balance. (end)

PROGRESLIF 26-Sep-2019

Referring to their earlier news disseminated by DSE on 28.07.2019 regarding dividend declaration, in response to DSE query on declaration of bonus share, the Company has further informed that a) Reason for declaration of Bonus share to comply Insurance Act- 2010 and repeatedly direction by the IDRA to raise paid up capital upto 30.00 crore immediately according to schedule-1, b) Bonus share were declared considering only Actuarial surplus and (cont.)

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): the amount of under provision could not be worked out and the profit is overstated to the extent of under provision; Note No. 9: The Sundry Creditors is Tk. 99,948,985 for the year ended on 31 December 2015 and Tk. 88,678,406 for the year ended on 31 December 2014. (end)

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): Further, accrued interest of loan from Galaxy Capital Limited up to 2012 has not yet been recovered and balance has been carried forward till the date of this audit; vi) As disclosed in note 9.01 in the accompanying financial statements, no computation has been made for provision for taxes. Income taxes provision has been made on lump sum basis as a result, (cont. 7)

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