The board of directors of Bank Asia has recommended rights shares at a ratio of 1:4 and 40 per cent stock dividend for the year 2010.

The existing shareholders will enjoy one rights share for every four shares after the approval of the market regulator.

The extra general meeting (EGM) and annual general meeting (AGM) of the company will be held on March 30 this year at Officers' Club, while the record date for EGM and AGM is March 7, company source said.

Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from the SEC.

The bank has also reported earning per share (EPS) of Tk 64.26, net asset value (NAV) per share of Tk 235.12 and net operational cash flow per share (NOCFPS) of Tk 186.06.

News: Daily Sun/ Bangladesh / 25-Feb-2011