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BANGLADESH SECURITIES AND EXCHANGE COMMISSION
NOTIFICATION
Date : 18 June 2023
No. BSEC/CMRRCD/2009-193(Part#06)/61/PRD/144:Whereas the
Bangladesh Securities and Exchange Commission (hereinafter referred to as Ôthe
CommissionÕ) deems it appropriate to exempt certain issuer from the provision of
clause (p) of sub-rule (2) of rule 3 of the Bangladesh Secuities and Exchange
Commission (Public lssue) Rules, 2015 in order to raise paid-up capital through
public offer;
Now, therefore, in exercise of the powers conferred by section 29 of the
Securities and Exchange Ordinance, 1969, (Ordinance No. XVII of 1969), the
Commission hereby exempts the NRB Bank Limited from the provision of clause
(P) of sub-rule (2) of rule 3 of the Bangladesh Securities and Exchange
Commission (Public lssue) Rules, 2015 in order to raise paid-up capital through
initial public offer, subject to the following conditions:
Ò1. All shares issued before the Initial Public Offer (IPO) of the company
shall be locked in for a period of 03 (three) years from the date of first trading in
the stock exchange (s); and
2. After 21 July 2022, no further issuance of shares shall be made till
issuance of shares under the Initial Public Offer (IPO)Ó.
By order of the Bangladesh Securities and Exchange Commission
PROFESSOR SHIBLI RUBAYAT-UL-ISLAM
Chairman.
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