26th Oct 2017 07:00
BEXIMCO PHARMACEUTICALS LTD.
26 October 2017
Notification of Preliminary Results and Annual General Meeting
Beximco Pharmaceuticals Ltd. ("BPL", "Beximco Pharma" or "Company"; AIM Symbol: BXP), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, today announces information for the shareholders of the Company that the Board of Directors at their meeting held on 25th October, 2017 has decided the following:
1. | To recommend the approval of the Financial Statements for the year ended 30 June 2017 | : | The Audited Financial Statements for the year ended 30 June 2017 have been approved. The full accounts are expected to be announced by 6 November 2017 |
2. | Date & Time of 41st AGM of the Company for the year ended 30 June 2017 | : | 23 December 2017 at 10.00 am |
3. | Venue of AGM | : | Beximco Industrial Park, Sarabo, Kashimpur, Gazipur, Bangladesh |
4. | Proposed Dividend for the year ended 30 June 2017 | : | 12.5% Cash Dividend (i.e. Tk.1.25 per share) |
5. | Record date | : | 15 November 2017 |
6. | Net Asset Value as at 30 June 2017 | : | Taka 25,072,425,900 |
7. | Net Asset Value per Share as at 30 June 2017 | : | Taka 61.82 |
8. | Earnings per share (EPS) for the year ended 30 June 2017 | : | Taka 5.49 |
9. | Net Operating Cash Flow per share for the year ended 30 June 2017 | : | Taka 6.49 |
For further information please visit www.beximco-pharma.com or enquire to:
Beximco Pharma
Nazmul Hassan MP, Managing Director
Tel: +880 2 58611001, ext.20080
Md. Asad Ullah, FCS, Executive Director & Company Secretary
Tel; +880 2 58611891, +880 2 58612040, Ext 10140
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady / Sean Wyndham-Quin
Tel: +44 (0)20 3368 3551 / 3555
Northland Capital Partners Limited (Broker)
Gerry Beaney / Tom Price
Tel: +44 (0)20 3861 6625
FTI Consulting
Simon Conway / Victoria Foster Mitchell
Tel: +44 (0)20 3727 1000
Notes to Editors
About Beximco Pharmaceuticals Limited
Founded in 1976 and based in Dhaka, Bangladesh, Beximco Pharma manufactures and sells generic pharmaceutical formulation products and active pharmaceutical ingredients. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies. The Company operates from a 23 acre site in Dhaka and has manufacturing facilities for producing various drugs in different delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, prefilled syringes, injectables, nebuliser solutions, oral soluble films etc. Ensuring access to quality medicines is the powerful aspiration that motivates 3,500 employees of the Company.
Beximco Pharma′s state-of-the-art manufacturing facilities are certified by global regulatory authorities of USA, Europe, Australia, Canada, GCC and Latin America, among others. The Company's products are sold to retail outlets, medical institutions and other pharmaceutical manufacturers in Bangladesh, in regional markets such as Sri Lanka, Nepal, Bhutan, Vietnam, Cambodia and Myanmar and in other markets overseas, principally in South East Asia, including Singapore, Thailand, Taiwan, Malaysia, Indonesia, Philippines and Hong Kong; Africa, including South Africa, Mauritius, Kenya, Ghana, Ethiopia, Uganda and Nigeria; Central Asia, including Azerbaijan; Middle East, including Kuwait and Jordan; Pacific Island countries; Latin and Central American countries; Europe, including Austria, Germany and Romania; Australia and North America, including the USA and Canada.
Related Shares:
Beximco Pharma