GP okays 275pc cash dividend

It holds 24th virtual AGM

Staff Correspondent

20 April, 2021 12:00 AM printer

GP okays 275pc cash dividend

Grameenphone Limited has approved total 275 percent cash dividend for its shareholders for the year 2020.

The board of directors of Grameenphone has announced a final dividend in cash at the rate of 145 per cent of the paid-up capital, or Tk 14.5 per share of Tk 10 each for the fiscal year 2020.

The company also announced 130 percent interim cash dividend for the year 2020.

The approval came at the 24th annual general meeting (AGM) held virtually in the capital on Monday, said a press release.

Jorgen C Arentz Rostrup, Chair of Grameenphone Board, Yasir Azman, CEO of Grameenphone, other board members and senior officials of the company, were addressed the AGM conducted by the Company Secretary SM Imdadul Haque.

Yasir Azman, CEO Grameenphone said, "We are grateful to the Government, regulators, authorities, and development partners for their guidance and collaboration in our endeavours to devise a series of responses."

Jorgen C. Arentz Rostrup, Chair of Grameenphone Board said, "Our focus for the year ahead will be to ensure Grameenphone’s long-term sustainability."

The company focuses on ensuring a better network experience, ensuring growth, innovation, modernisation, and stand by society with responsible business conduct.

Bangladesh is celebrating 50 years of nationhood and aims to become a high-income country. As a connectivity partner on this journey, Grameenphone looks forward to contributing to unlock the future of Bangladesh by delivering on the new-normal customer needs, he added.

Grameenphone wants to remain fixated on its operational efficiencies and strategies to ensure better coverage and customer-driven initiatives.

The company has acquired an additional 10.4 MHz spectrum in the BTRC auction, amounting to a total of 47.4 MHz spectrum.