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SONARBAINS

All Eps Dividend Board Agm Q1 Q2 Q3

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): The Management should resolve the issue as early as possible. Also the management should adjust the amount with advance against Company Tax. v. Though tax assessment issues are under litigation and actual scenario is contingent, the Company calculates deferred tax as lump sum basis. The management should calculate deferred tax as per BAS12. (end)

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): and having conformity with the records of the Company. Management should take proper initiative to realize the balance as early as possible. iv. As described in the note 9.1 in the financial statements regarding liability for taxation, in this case actual demand of the tax authority is higher than the liability recognized in the financial statements, so the actual liability is contingent and issue is under process of litigation. (cont.3)

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): ii. The management needs to make arrangement to introduce the Workers Profit Participation Fund (WPPF) in the company with compliance of applicable rules and regulations. iii. As disclosed in the Balance Sheet of the financial statements regarding amount due from other persons or bodies carrying on insurance business amounting to Tk. 105,956,363 balance laying on the Sadharan Bima Corporation (cont.2)

SONARBAINS 22-May-2019

The auditor of the company has given the following "Emphasis of Matter" paragraph in the audit report of the company prepared for the year ended on 31 December 2018. Emphasis of Matter: i. As disclosed in the note 15.00 of the financial statements regarding sundry debtors, in respect of reinsurance portfolio premium amounting to Tk. 87,591,345. Management should take necessary steps to realize/adjust the balances. (cont.1)

SONARBAINS 22-May-2019

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 23.05.2019 to 26.05.2019. Trading of the shares of the Company will remain suspended on record date i.e., 27.05.2019.

SONARBAINS 21-May-2019

Md. Shamsul Haque, one of the Sponsors Directors of the Company, has further reported that he has completed his sale of 1,00,000 shares and Md. Motaleb Hossain, Mr. Sheikh Kabir Hossain, Mr. Ruhul Amin, and Modern Washing & Dyeing Ind. Limited (Corporate Director), all are Sponsors Directors of the Company, have also reported their buying completions of 40,000, 20,000, 20,000 and 20,000 shares of the Company at prevailing market price through Stock Exchange as per declarations disseminated on 15.05.2019.

SONARBAINS 15-May-2019

(Continuation news of SONARBAINS): all are Sponsors Directors of the Company have expressed their intentions to buy 40,000, 20,000, 20,000 and 20,000 shares respectively at prevailing market price (in the Block Market) through Stock Exchange (DSE) within next 30 working days.(End)

SONARBAINS 15-May-2019

Md. Shamsul Haque, one of the Sponsors Directors of the Company, has expressed his intention to sell 1,00,000 shares out of his total holding of 8,93,413 whereas Md. Motaleb Hossain, Mr. Sheikh Kabir Hossain, Mr. Ruhul Amin, and Modern Washing & Dyeing Ind. Limited (Corporate Director), (cont.)

SONARBAINS 28-Apr-2019

(Q1 Un-audited): EPS was Tk. 0.49 for January-March 2019 as against Tk. 0.43 for January-March 2018. NOCFPS was Tk. 0.38 for January-March 2019 as against Tk. 0.21 for January-March 2018. NAV per share was Tk. 17.94 as on March 31, 2019 and Tk. 17.34 as on March 31, 2018.

SONARBAINS 28-Apr-2019

There will be no price limit on the trading of the shares of the Company today (28.04.2019) following its corporate declaration.

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