The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has decided to consider the next bid as the revised floor price (minimum price) by combining the declared bonus and right shares of the listed companies. This decision has been taken at the 71st regular meeting of the commission.
This information was given in a press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim on Monday (February 15).
So far, due to the floor price, the issue of bonus or right share has not been adjusted properly. Although bonuses or rights were issued due to this floor, it was not reduced by adjustment. However, to overcome that problem, the commission has decided to consider the revised floor price for the next combined price of bonus and right shares.
The company’s consolidated price will be treated as a revised floor price considering the post-dilution effect following the record date of bonus and right share declaration in the interest of capital market development and investors, the BSEC said in a statement.