GP announces 140 pc dividend

Cellular phone operator Grameenphone has announced 140 per cent dividend for the year 2015, reports the BSS.

 

The 19th Annual General Meeting (AGM) of Grameenphone was concluded successfully in city recently that approved the divided against paid-up capital.

 

GP has paid 80 per cent Interim Dividend (Cash) during 2015 while the Board of Directors also recommended 60 per cent final dividend (Cash) making a total dividend of 140 per cent of the paid-up capital (BDT 14 per share) for the year 2015.

 

Members of the Board, and Grameenphone CEO, Rajeev Sethi were present on the occasion, along with other senior officials of the Company. M Shahjahan, Director of the GP Board, chaired the meeting while the AGM was conducted by Hossain Sadat, Company Secretary of Grameenphone.

 

Speaking on the occasion chairman of the AGM said, "Through 2015, we have continued to invest resources to transform the Grameenphone into a new generation telecommunications company, pushing beyond voice and SMS. Grameenphone aims to be a digital frontrunner, taking a strong lead in developing and adapting new technology and delivering new services to its customers."

 

GP will run fast-track on-line dividend distribution towards its shareholders in keeping its promises following the practices of earlier years.

 

The other activities of the AGM were adoption of the Directors' Report and Auditors' Report together with the Audited Financials 2015, election/re-election of the Directors and appointment of Auditors.

 

This was the 7th AGM for the company since it becomes a listed company in 2009.