Circular related to standardized face value of share Tk 100 and market lot

No. SECI/CMARRCID/2010-201/23
Dated: March 01, 2010

Notification

Subject: Regarding the change in face value and market lot of shares of listed companies.

In order to make the capital market more transparent, efficient, and dynamic, the following decisions were taken in the meeting held on November 05, 2009, under the chairmanship of the Honorable Minister of Finance, among others, regarding the proposed changes in the face value and market lot of shares of listed companies:

• The minimum face value for shares of all companies in the future must be standardized. Since the share value of most companies is one hundred Taka, it is better to fix the future face value of shares at one hundred Taka. However, the face value of shares of existing companies will remain unchanged.
• It is desirable that the single lot number for shares of all companies in the future be the same.

In order to implement the aforementioned decisions, advice is given to all listed companies to refrain from taking any steps to change their current status regarding this matter, i.e., to change the existing face value of shares.

For Securities and Exchange Commission,

Rukhsana Chowdhury
Executive Director

Distribution (for necessary action):

1. Chief Executive Officer, Dhaka Stock Exchange Limited
2. Chief Executive Officer, Chittagong Stock Exchange Limited
3. President, Bangladesh Association of Publicly Listed Companies
4. Managing Director, Central Depository Bangladesh Limited

Copy for information:

1. All Departmental Heads, SECI
2. Office of the Chairman, SECI