Dividend News of DELTASPINN

The Board of Directors has recommended stock dividend @ 50% for the year ended on June 30, 2012. The Company has also informed that as per the Special Resolutions adopted by the shareholders in its EGM held on 18.07.12, the Company applied to SEC for approval to issue 6,11,50,400 ordinary shares of Tk. 10.00 each at an issue price of Tk. 15.00 each (including a premium of Tk. 5.00 each) @ 2R:1 against paid-up capital of Tk. 30,57,52,000.00. While the proposal is still pending with SEC, and since the Board has now recommended a stock dividend of 50%, the paid-up capital will be increased to Tk. 45,86,28,000.00 subject to approval of the shareholders in the 32nd AGM.