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SSSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

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 24-Nov-2019

Qualified Opinion: 1) In Note-18, "Provision for Workers Profit Participation Fund (WPPF) and welfare fund" no payment have been made out of WPPF to the beneficiaries during the year, a non-compliance of section 242 of the Bangladesh Labor Act as per which, two-thirds of the total amount deposited in the participation fund in every year shall be distributed in equal proportion to all (beneficiaries) in cash, (Cont.1)

SSSTEEL 21-Nov-2019

Trading of the Shares of the Company will resume on 24.11.2019 after record date.

SSSTEEL 20-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2019.

SSSTEEL 19-Nov-2019

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 November 24, 2019 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.

SSSTEEL 18-Nov-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 19.11.2019 to 20.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2019.

SSSTEEL 29-Oct-2019

There will be no price limit on the trading of the shares of the Company today (29.10.2019) following its corporate declaration.

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)

SSSTEEL 29-Oct-2019

The Board of Directors has recommended 5% cash and 10% stock dividend for the year ended on June 30, 2019. The Board has also approved Tk. 30.00 crore for purchasing Capital Machineries and Lands for future expansion. Date of AGM: 31.12.2019, Time: 09:00 AM, Venue: Spectra Convention Center, House # 19, Road # 7, Gulsan-1, Dhaka-1212. Record Date: 21.11.2019. (cont. 1)

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