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PROGRESLIF

All Eps Dividend Board Agm Q1 Q2 Q3

PROGRESLIF 08-Nov-2015

BSEC has fined Tk. 1.00 lac each to Mr. Abdul Malik (Chairman), Mr. Gulam Mostafa (Vice Chairman), Mr. Bajloor Rashid (Director), Mr. Babel Miah (Director), Mr. Mezanur Rahman (Director), Ms. Nadia Shah (Director), Mr. Kamal Miah (Director), EC Securities (Director), Mr. Nasir A Chowdhury (Director), Dr. Niaz Ahmed Choudhury (Director) Mr. Nazim Tazik Chowdhury (Director), Mrs. Nahid Chowdhury (Director) of Progressive Life Insurance Ltd. for non-compliance with the securities related laws.

PROGRESLIF 31-Aug-2015

The Company has informed that they have withdrawn all its investment in Alpha Capital Management Limited (ACML) and accordingly, the Company transferred its 12,750,000 shares in ACML for Tk. 127,500,000.00 Ex-dividend.

PROGRESLIF 11-May-2015

The Company has informed that the Board of Directors of the Company has decided to purchase 5 decimals land with 10 (ten) storied building structure 20,030 sft. under construction building (Balaka Tower) there on in the name of Progressive Life Insurance Company Ltd. at Nijhumalay, 146 Mission Area, court Road, Moulvibazar at a cost of Tk. 3.30 crore excluding stamp duty, registration fees and relevant other expenses with the permission of IDRA.

PROGRESLIF 07-Jan-2015

The Company has informed that the Board of Directors of the Company has instructed Mr. Md. Shahjahan Azadi to serve his duty as the Managing Director (Current Charge) of the Company in addition to his current charge of Deputy Managing Director with effect from January 01, 2015.

PROGRESLIF 30-Dec-2014

DSE NEWS: The Stock Brokers and Merchant Bankers are requested not to provide loan facilities to purchase securities of Progressive Life Insurance Company Ltd. starting from January 01, 2015 as per SEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.

PROGRESLIF 30-Dec-2014

The Company will be placed in Z category from existing A category with effect from January 01, 2015 as the Company failed to hold AGM in the year 2014.

PROGRESLIF 16-Nov-2014

The Company has informed that the Board of Directors of the Company has elected Mr. Abdul Malik as chairman and Mr. Gulam Mostofa Ahmmad as Vice chairman of the Company.

PROGRESLIF 30-Jun-2014

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported an increase in life revenue account of Tk. 15.43 million with total life insurance fund of Tk. 3,935.53 million as against Tk. 109.78 million and Tk. 3,756.70 million respectively for the same period of the previous year.

PROGRESLIF 04-Mar-2014

The Company has informed that the Insurance Development and Regulatory Authority (IDRA) has confirmed the appointment of Dr. Syed Tanvir Alam as Chief Executive Officer & Managing Director of the Company with effect from 25 September, 2013.

PROGRESLIF 31-Oct-2013

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported an increase in life insurance fund of Tk. 38.99 million as against Tk. 89.16 million for the same period of the previous year. Whereas increase in life insurance fund was Tk. 176.31 million for the period of 9 months (Jan'13 to Sep'13) ended on 30.09.2013 as against Tk. 369.67 million for the same period of the previous year. Total life insurance fund stood at Tk. 3,823.23 million as on 30.09.2013 as against Tk. 3,210.69 million as on 30.09.2012.

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