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 PRIME Bank Right share approved

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Join date : 2010-05-25

PostSubject: PRIME Bank Right share approved   Tue May 25, 2010 4:54 pm

SEC has approved the Right Issue of Prime Bank Ltd. for 1,15,52,734 Ordinary Shares of Tk. 100.00 each at an issue price of Tk. 300.00 per share (including a premium of Tk. 200.00 each) totaling Tk. 346,58,20,200.00 only at a ratio of 1R: 4, i.e., one rights share for four existing shares. The approval has been accorded subject to the condition that the Bank shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by SEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
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