Condition Regarding IPO

Registered No. D.A-1
Bangladesh
[Notifications and Notices Issued by or on Behalf of Private Persons and Corporations]

Extraordinary Gazette of Bangladesh
Part III: Section 2
(Act No. 19 of 1969), Gazette of the Securities and Exchange Commission of Bangladesh

Notifications Issued by or on Behalf of the Securities and Exchange Commission of Bangladesh

Whereas it is expedient to amend the Securities and Exchange Commission Rules, 1987 (hereinafter referred to as the "Rules") in respect of the minimum public holding in an Initial Public Offering (IPO);

Now, therefore, in exercise of the powers conferred by Rule 10 of the Rules, the Securities and Exchange Commission of Bangladesh hereby amends the Rules as follows:

1. In the Rules, for Rule 2(3), the following shall be substituted, namely:

"2(3). The minimum public holding in an Initial Public Offering (IPO) shall be 10% of the total issued capital."

2. The amendment contained in Rule 1 shall come into force on the date of publication in the Bangladesh Gazette.

Md. Abdul Malek,
Deputy Director,
Bangladesh Government Printing Press,
Tejgaon, Dhaka.

Md. Alamgir Hossain,
Deputy Director,
Bangladesh Forms and Publications Office,
Tejgaon, Dhaka.

Bangladesh Gazette
Extraordinary Issue
Published by Authority
Monday, May 16, 2016

And Notifications and Notices Issued by or on Behalf of Private Persons and Corporations

Ref: 13.02.0000.002.01.001.13-184/184/OffSer/67:—In exercise of the powers conferred by Rule 10 of the Securities and Exchange Commission Rules, 1987 (hereinafter referred to as the "Rules") regarding the minimum public holding in an Initial Public Offering (IPO), the Securities and Exchange Commission of Bangladesh hereby amends the Rules as follows:

1. In the Rules, for Rule 2(3), the following shall be substituted, namely:

"2(3). The minimum public holding in an Initial Public Offering (IPO) shall be 10% of the total issued capital."

2. The amendment contained in Rule 1 shall come into force on the date of publication in the Bangladesh Gazette.

Md. Abdul Malek,
Deputy Director,
Bangladesh Government Printing Press,
Tejgaon, Dhaka.

Md. Alamgir Hossain,
Deputy Director,
Bangladesh Forms and Publications Office,
Tejgaon, Dhaka.

Ref: 13.02.0000.002.01.001.13-184/184/OffSer/67:—In exercise of the powers conferred by Rule 10 of the Securities and Exchange Commission Rules, 1987 (hereinafter referred to as the "Rules") regarding the minimum public holding in an Initial Public Offering (IPO), the Securities and Exchange Commission of Bangladesh hereby amends the Rules as follows:

1. In the Rules, for Rule 2(3), the following shall be substituted, namely:

"2(3). The minimum public holding in an Initial Public Offering (IPO) shall be 10% of the total issued capital."

2. The amendment contained in Rule 1 shall come into force on the date of publication in the Bangladesh Gazette.

Md. Abdul Malek,
Deputy Director,
Bangladesh Government Printing Press,
Tejgaon, Dhaka.