UPGDCL Completion of Sponsor Share Transfer to UEL & Board reconstitution - Share market analysis of dhaka stock exchange, Bangladesh

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11 January, 2018 10:37 AM Source: Dhaka Stock Exchange

Referring to their earlier news disseminated by DSE on 28.12.2017 regarding share transfer to United Energy Ltd. (UEL), the Company has further informed that the said transfer of Sponsor Shares of the Company by the respective Transferors to the United Energy Ltd. (UEL) has been completed. After the said transfer the Board of the Company has been reconstituted and UEL has become a Director of the Company, thereafter they nominated 13 more individuals as Directors. The Board of the Company will also be comprised of 1 more director who is nominated by ICB and 4 more Independent Directors.


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