Individual decision · BSEC · 15 May 2023
The Bangladesh Securities and Exchange Commission exempts Bangladesh Export Import Company Limited (BEXIMCO) from the requirement of prior Commission approval under condition No. 25 of Part-A of the consent letter (Ref. No. BSEC/CI/Sukuk/IPO-316/2021/445 dated July 08, 2021) for issuing ordinary shares upon conversion of Beximco Green-Sukuk Al Istisna'a. This exemption applies to the conversion of up to 20% of the investment into ordinary shares of BEXIMCO as permitted by condition No. 24. The exemption is granted subject to the obligation that BEXIMCO must report the issuance of such ordinary shares to the Commission immediately after issuance.
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KZ…©c¶ KZ…©K cÖKvwkZ e„n¯úwZevi, Ryb 8, 2023 [ †emiKvwi e¨w³ Ges K‡c©v‡ikb KZ…©K A‡_©i wewbg‡q RvixK…Z weÁvcb I †bvwUkmg~n ] BANGLADESH SECURITIES AND EXCHANGE COMMISSION NOTIFICATION Dated : 15 May 2023 No. BSEC/CMRRCD/2009-193/59/Admin/143.Whereasthe Bangladesh Securities and Exchange Commission (hereinafter referred to as “the Commission”) deems it appropriate that as per condition No. 24 of Part-A (General Conditions) of the consent letter of the Commission (Ref. No.- BSEC/CI/Sukuk/IPO-316/2021/445 dated July 08, 2021), Beximco Green-Sukuk Al Istisna'a holders shall have the option to convert up to 20% of their respective investment in such Green Sukuk into ordinary shares of the OriginatorBangladesh Export Import Company Limited (BEXIMCO) in each year at a specified manner, subject to approval of the Commission as required under the condition No. 25 of Part-A (General Conditions) of the said consent letter before issuance of such ordinary share capital; And whereas the Commission deems it appropriate that the Originator of the Beximco Green- Sukuk Al Istisna'a-Bangladesh Export Import Company Limited (BEXIMCO) should be exempted from the provision of condition No. 25 of Part-A (General Conditions) of the said consent letter of the Commission for issuance of ordinary shares of BEXIMCO due to conversion of Beximco GreenSukuk Al Istisna'a; (7349) g~j¨ : UvKv 4.00
7350 evsjv‡k †M‡RU, AwZwi³, Ryb 8, 2023 Now, therefore, in exercise of the powers conferred by section 29 of the Securities and Exchange Ordinance, 1969, (Ordinance No. XVII of 1969), the Commission hereby exempts Bangladesh Export Import Company Limited (BEXIMCO) as the Originator of Beximco Green-Sukuk Al Istisna'a from the provision of condition No. 25 of Part-A (General Conditions) of the consent letter (Ref. No.-BSEC/CI/Sukuk/IPO-316/2021/445 dated July 08, 2021) of the Commission for the purpose of conversion of Beximco Green-Sukuk Al Istisna'a into ordinary shares Bangladesh Export Import Company Limited (BEXIMCO) as per the provision of condition No. 24 of Part-A (General Conditions) of the said consent letter, subject to report it to the Commission immediately after issuance of such ordinary shares. By order of the Bangladesh Securities and Exchange Commission Professor Shibli Rubayat-Ul-Islam Chairman. †gv¯ÍvwdRyi ingvb, DccwiPvjK (fvicÖvß), evsjv‡k miKvix gyªYvjq, †ZRMuvI, XvKv KZ…©K gywªZ| †eªbRb Pv¤^yMs, DccwiPvjK (DcmwPe) (AwZwi³ vwqZ¡), evsjv‡k dig I cÖKvkbv Awdm, †ZRMuvI, XvKv KZ…©K cÖKvwkZ| website: www.bgpress.gov.bd
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“as per condition No. 24 of Part-A (General Conditions) of the consent letter of the Commission (Ref. No.-BSEC/CI/Sukuk/IPO-316/2021/445 dated July 08, 2021)”
“in exercise of the powers conferred by section 29 of the Securities and Exchange Ordinance, 1969, (Ordinance No. XVII of 1969)”
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