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PROGRESLIF

All Eps Dividend Board Agm Q1 Q2 Q3

PROGRESLIF 01-Nov-2020

(Continuation news of PROGRESLIF): 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 up to 30.00 crore immediately according to schedule 1. So, these are no alternatives to increase the paid up capital other than bonus share or right share issued. (cont.2)

PROGRESLIF 01-Nov-2020

The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2019. Date of AGM: 29.12.2020, Time: 12:00 noon, Venue: Digital Platform. Record Date: 22.11.2020. The Company has also reported EPS of Tk. 1.07, NAV per share of Tk. 21.87 and NOCFPS of Tk. (15.72) for the year ended on December 31, 2019 as against Tk. 1.72, Tk. 54.40 and Tk. (15.16) respectively for the same period of the previous year. (cont.1)

PROGRESLIF 22-Oct-2020

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 October 29, 2020 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, 2020, Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.

PROGRESLIF 22-Oct-2020

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 October 29, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): The Company disclosed that PLICL recognizes outstanding premium as revenue according to IFRS 9. Outstanding premium as at December 31, 2018 has been collected subsequently. (end)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): said investment would be pro?table in future. k) In note 18 of the financial statements, PLICL disclosed that PLICL recognizes outstanding premium as revenue according to IFRS 9. Outstanding premium as at December 31, 2018 has been collected subsequently. Note 18 - Outstanding premium: Balance of Outstanding premium as on 31-12-2018 was Taka 76,669,720 and as on 31-12-2017 was Taka 91,482,560. (cont. 32)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): shall be made in ordinary shares of such company, where dividends of not less than 10% including bonus have been paid on such shares for the past three years immediately preceding the date of investment or for at least four out of past seven years immediately preceding the date of investment. During the year 2018, the Company has invested BDT 6,965,061 beyond the aforementioned provision because the Company prudently thinks that (cont. 31)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): because PLICL prudently thinks that said investment would be profitable in future; Note 14.4.2 - Investment in listed shares (as at 31st December 2018): Book value of Investment in listed shares was Taka 72,437,744.21 and Market value (quoted price) of Investment in listed shares was Taka 56,816,031.00. According to Rule 10A(1)(e)(i) of the Insurance Rules, 1958, investment of balance assets in any other investment including capital market (cont. 30)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): in any other investment including capital market shall be made in ordinary shares of such company, where dividends of not less than 10% including bonus have been paid on such shares for the past three years immediately preceding the date of investment or for at least four out of past seven years immediately preceding the date of investment. During the year 2018, PLICL has invested BDT 6,965,061 beyond the aforementioned provision (cont. 29)

PROGRESLIF 23-Feb-2020

(Continuation news of PROGRESLIF): deposited money and assets of the "Life Insurance Fund" within 6 months from the end of year 2018 to the authority in accordance with Section 32 and Section 26(3) respectively of the Insurance Act, 2010. j) In note 14.4.2 of the financial statements, PLICL stated the reason for not following the rule mentioned in the Insurance Rules, 1958, rule 10A(1)(e)(i). According to Rule 10A(1)(e)(i) of the Insurance Rules, 1958, investment of balance assets (cont. 28)

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