The block trade should be completed at the prevailing market price within the next 30 days
PICTET LUX A/C THS KFFC (THS Kingsway Fund) – a leading investment bank in Europe – wants to buy 5.25 lakh shares of the British American Tobacco Bangladesh Company (BATBC). The purchasing price is Tk48 crore.
According to BATBC's announcement on Sunday, the block trade will be completed at the prevailing market price within the next 30 days. THS Kingsway Fund will buy BAT shares at TK915.4 each.
Earlier, Pictet bought 1.37 lakh shares of BATBC on April 8 last year.
Meanwhile, after Sunday's trading session, the closing price of BATBC stood at Tk910.70 each.
The company recommended a 400% cash dividend for the year ended December 31, 2019.
It has also reported earnings per share of Tk51.37 and net asset value per share of Tk198.85 for the year ended December 31, 2019.