The subscription of the share issue to increase the proposed capital of National Tea Company Limited, a listed food and accessory sector company in the capital market, will end on September 19 instead of August 19. The subscription started on June 19.

It is known that 1 crore 24 lakh 80 thousand 120 shares will be issued in favor of the Government of Bangladesh, Investment Corporation of Bangladesh (ICB) and General Insurance Corporation. In this case, 4.43 new shares will be issued against each existing share. 13 lakh 80 thousand 826 shares will be issued in favor of other directors. In this case, 3.21 new shares will be issued against each existing share. 95 lakh 39 thousand 54 shares will be issued to shareholders other than entrepreneur directors. In this case 2.85 new shares will be issued against each existing share. In all, the company will issue a total of 2 crore 34 lakh shares. In this case, 3.55 new shares will be issued against each existing share. 2 crore 34 lakh shares of face value of TK 10 will be issued at TK 119.53 paisa each. In this case, the premium per share has been fixed at 109 taka 53 paisa. The capital of the company will increase by 279 crore 70 lakh 2 thousand taka through share issue. These placement shares will be issued for factory development, working capital financing and repayment of bank loans.

The company has decided not to pay dividends to the investors for the financial year ending June 30, 2023. During the financial year under discussion, the company had a loss per share of 96 taka 24 paisa, which was 34 taka 47 paisa in the previous financial year. At the end of June 30, the company’s net liability per share stood at 48 taka 19 paisa.