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SSSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

SSSTEEL 25-Nov-2021

The Board of Directors recommended 2% cash dividend for General Shareholders other than Sponsors and Directors and 8% stock dividend for all shareholders for the year ended on 30 June, 2021. The Sponsors & Directors hold 9,67,34,978 shares out of total 30,42,90,000 shares of the Company and the cash dividend to be payable to the General shareholders is Tk. 4,15,11,004.40. (cont. 1)

SSSTEEL 18-Jan-2021

The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2020 to the respective shareholders' BO Accounts on January 18, 2021 and the payment of Cash dividend will also be disbursed to the respective shareholders within stipulated time.

SSSTEEL 16-Nov-2020

(Continuation news of SSSTEEL): c) Bonus shares are not declared from Capital reserve or revaluation reserve or any 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)

SSSTEEL 16-Nov-2020

(Continuation news of SSSTEEL): The Board has also approved Tk. 10.50 crore for purchasing Land, Building and Capital Machineries for business expansion. The Company also informed that reasons for declaration of stock dividend: a) Bonus shares have been recommended in view to utilize its retained amount as capital for business expansion; b) Bonus shares are declared out of accumulated profit; and (cont. 3)

SSSTEEL 16-Nov-2020

The Board of Directors has recommended 2% cash dividend for general shareholders other than Sponsors & Directors and 8% stock dividend for all shareholders for the year ended on June 30, 2020. The Sponsors & Directors hold 115,469,343 shares out of total 281,750,00 shares of the Company and the cash dividend to be payable to the General shareholders is Tk. 3,32,56,131.40. Date of AGM: 31.12.2020, Time: 02:00 PM, Venue: Digital Platform. Record Date: 07.12.2020. (cont. 1)

SSSTEEL 02-Feb-2020

The Company will be placed in 'A' category from existing 'N' category with effect from February 03, 2020 as the Company has reported disbursement of 15% stock dividend for the year ended on June 30, 2019.

SSSTEEL 01-Jan-2020

The Company has informed that The Board of Directors and Shareholders of the Company has approved 15% stock dividend instead of earlier declared 5% cash and 10% stock dividend for all shareholders for the year ended on June 30, 2019 in their 18th AGM which was held on December 31, 2019.

SSSTEEL 24-Nov-2019

(Continuation news of SSSTEEL): moreover interest is given on loan taken from WPPF and Welfare fund at 8.5% which is much lower than the required rate of 2.5% above the bank rate or 75% of the rate at which dividend is declared on its ordinary shares, which is higher as per section 240(3) of the Bangladesh Labor Act, a non-compliance of the aforementioned action of the concerned Act. (Cont.2)

SSSTEEL 29-Oct-2019

(Continuation news of SSSTEEL): a) Bonus shares have been recommended in view to utilize its retained amount as capital for business expansion; b) Bonus shares are declared out of accumulated profit; and c) Bonus shares is not declared from Capital Reserve or Revaluation Reserve or any 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 Earnings become negative or a debit balance. (end)

SSSTEEL 29-Oct-2019

(Continuation news of SSSTEEL): The Company has also reported EPS of Tk. 2.21, NAV per share (with revaluation) of Tk. 18.33, NAV per share (without revaluation) of Tk. 15.40 and NOCFPS of Tk. 0.93 for the year ended on December 31, 2019 as against Tk. 1.39, Tk. 16.91, Tk. 13.61 and Tk. 1.88 respectively for the same period of the previous year. The Company also informed that reasons for declaration of stock dividend: (cont. 2)

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