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MTBL, Safco Spinnings for 10% stock dividends

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Staff Reporter
The Board of Directors of Mutual Trust Bank Ltd and Safco Spinnings on Monday recommended 10 percent stock dividends each for the year that ended on December 31, 2013.
The annual general meeting of the MTBL will be held on April 10 next at Bashundhara Convention Centre 2, according to a DSE web post.
The Board of Directors of Safco Spinnings recommended 10 percent stock dividend for the year ended on December 31, 2013. The Board has also decided to issue Rights shares @ 3R:2 (i.e. 3 Rights shares for every 2 Ordinary shares held) at an issue price of Tk 10.00 each after considering 10 percent bonus share for the year ended on December 31, 2013 subject to approval by the shareholders and the regulatory authorities.
The annual general meeting of the company will be held on April 12 on the Mill premises in Habiganj.

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