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PROGRESLIF

All Eps Dividend Board Agm Q1 Q2 Q3

PROGRESLIF 06-Dec-2020

(Continuation news of PROGRESLIF): the notification (BSEC/CMRRCD/ 2006-158/208/Admin/81.) by Bangladesh Securities and Exchange Commission dated June 20, 2018 para 4 and the Dhaka Stock Exchange (Listing) Regulations, 2015 dated June 30, 2015 regulation no- 17; 2. An amount of Tk. 131,317,179 Thirteen crore thirteen lac seventeen thousand one hundred and seventy-nine taka only) and (cont.2)

PROGRESLIF 06-Dec-2020

The auditor of the Progressive Life Insurance Co. Ltd has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2019. Qualified Opinion: 1. The Quarterly un- audited Financial Statements for the quarter ended March 31, 2019, June 30, 2019, and September 30, 2019 was sent at a time to Bangladesh Securities and Exchange Commission on June 04, 2020. The company is not in compliance with (cont.1)

PROGRESLIF 01-Dec-2020

(Q3 Un-audited): Decrease in life revenue account for July-September, 2020 was Tk. 36.19 million as against decrease in Tk. 27.69 million for July-September, 2019. Whereas decrease in life revenue account for Jan-September, 2020 was Tk. 49.98 million with total life insurance fund of Tk. 2,719.66 million as against decrease in Tk. 33.13 million and Tk. 2,722.88 million respectively for the same period of previous year.

PROGRESLIF 01-Dec-2020

(Q2 Un-audited): Increase in life revenue account for Apr-June 2020 was Tk. 43.90 mn. with total life insurance fund of Tk. 2,755.85 mn. as against increase in Tk. 31.38 mn. and Tk. 2,750.56 mn. respectively for the same period of the previous year. Decrease in life revenue account for Jan-June 2020 was Tk. 13.79 mn. with total life insurance fund of Tk. 2,755.85 mn. as against decrease in Tk. 5.45 mn. and Tk. 2,750.56 mn. respectively for the same period of the previous year.

PROGRESLIF 01-Dec-2020

(Q1 Un-audited): Decrease in life revenue account for Jan- March, 2020 was Tk. 57.69 million with total life insurance fund of Tk. 2,711.95 million as against decrease in life revenue account of Tk. 36.82 million with total life insurance fund of Tk. 2,719.19 million respectively for the same period of the previous year.

PROGRESLIF 22-Nov-2020

Trading of the shares of the Company will resume on 23.11.2020 after record date.

PROGRESLIF 17-Nov-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.11.2020 to 19.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.

PROGRESLIF 01-Nov-2020

There will be no price limit on the trading of the shares of the Company today (01.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

PROGRESLIF 01-Nov-2020

(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 01-Nov-2020

(Continuation news of PROGRESLIF): That's why Company declared bonus shares. Further informed that the said bonus shares declared according to Actuary Valuation and Surplus. b) Bonus share were declared considering only Actuarial surplus and (cont.3)

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