20th AGM of Grameenphone held

News Hour:

The 20th Annual General Meeting (AGM) of Grameenphone Ltd. was concluded successfully at the International Convention City, Bashundhara in Dhaka, yesterday.

Chairman of Grameenphone Board, Christopher Laska and Grameenphone CEO, Petter B. Furberg were present on the occasion, along with other Board members and senior officials of the company. The AGM was conducted by the Company Secretary, Hossain Sadat.

The Chairman thanked the shareholders for their trust in the company and briefly talked about growth potential in Bangladesh telecom sector, regulatory uncertainties, GP’s ambition to become a digital service provider etc., while the CEO mainly highlighted the operational & financial performance of the company and successful 3G rollout, in their respective speeches.

Speaking on the occasion chairman said, “Grameenphone is a success story of 20 years, and we are proud to serve almost 60 million customers and empowering society through communication and digital services. GP continues to contribute to Bangladesh through investments more than BDT 21 billion in 2016, by being the largest corporate tax contributor, and by having over 33,000 retail investors holding shares in GP taking part in the company’s growth”.

GP has paid 85% Interim Dividend (Cash) during 2016. The Board of Directors also recommended 90% Final Dividend (Cash) making a total dividend of 175% of the paid-up capital for the year 2016. The shareholders approved the above total dividend for the year 2016. GP will run fast-track on-line dividend distribution towards its shareholders in keeping its promises following the practices of earlier years.

The other activities of the AGM were the adoption of the Directors’ Report and Auditors’ Report together with the Audited Financials 2016, election/re-election of the Directors and appointment of Auditors. This was the 8th AGM for the company since it becomes a listed company in 2009.

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This article is posted by a News Hour Correspondent. For queries, please contact through [email protected]
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