Notices

07/12/2011: IPO for GBB Power Limited

EMBASSY OF BANGLADESH

WASHINGTON DC

 

BEW/EM/GA-14/04/11/94                                                                                                 Dated                                   :08/12/2011                                                                                                                               

ATTENTION

IPO for GBB Power Limited

The Securities and Exchange Commission (SEC), Dhaka, Bangladesh is making public issues of 20,500,000 share (Tk.10.00 each at an issue price of Tk.40.00 per share including a premium of Tk.30.00 each) of GBB Power Limited  which are now being offered for subscription from December 04, 2011 to December 11, 2011 (both days inclusive).

The aforementioned public offering of 20,500,000 share (Tk.10.00 each at an issue price of Tk.40.00 per share including a premium of Tk.30.00 each)  will be subscribed in the following manner:

01.

10% of the total public offering i.e. 2,050,000 (Tk.10.00 each at an issue price of Tk.40.00 per share including a premium of Tk.30.00 each) share are being offered to Non-Resident Bangladeshis (NRB,s) for subscription in cash in full on application.

2.

10% of the total public offering i.e. 2,050,000 (Tk.10.00 each at an issue price of Tk.40.00 per share including a premium of Tk.30.00 each) share are being offered to mutual funds and collective investment schemes registered with the commission for subscription in cash in full on application.

3.

80% of  the total public  offering i. e 16,400,000 ordinary (Tk.10.00 each at an issue price of Tk.40.00 per share including a premium of Tk.30.00 each) share are being offered to general public for subscription in cash in full on application.

                Application forms for purchase of bond by non-Resident Bangladeshis may be collected from Mr. Md. Mahbubul Alam, Administrative Officer (Phone 202-244-0183 Ext. 313, Fax 202-244-7830/2771) Embassy of Bangladesh, Washington DC.

                                                                                                         

 Mohammad Wahid Hossain Ndc

    Economic Minister

Embassy of Bangladesh,

     Washington DC

                                  Tel: 202-244-4639

 Wahid59@gmail.com