Notification of Preliminary Results and AGM

Beximco Pharmaceuticals Ltd

29 October 2024

 

29 October 2024

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a regulatory information service, this information is considered to be in the public domain.

BEXIMCO PHARMACEUTICALS LIMITED

Notification of Preliminary Results and Annual General Meeting

Beximco Pharmaceuticals Limited ("Beximco Pharma", "BPL" or "the Company"; AIM Symbol: BXP, LEI No.: 213800IMBBD6TIOQGB56), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, today announces information for shareholders of the Company that the Board of Directors decided at their meeting held on 28 October 2024. Please see further detail as follows:

1.	To recommend the approval of the Financial Statements for the year ended 30 June, 2024	The Audited Financial Statements for the year ended 30 June 2024 have been approved. The full accounts are expected to be announced by 7 November 2024
2.	Date & Time of 48th Annual General Meeting ("AGM") of the Company for the year ended 30 June, 2024	29 December 2024 at 10.30 A.M. Bangladesh Time
3.	Venue of AGM	Virtual Platform (Zoom Meeting)
4.	Proposed Dividend for the year ended 30 June, 2024	40% Cash Dividend (i.e. Tk 4.00 per Share)
5.	Record date	25 November 2024
6.	Proposed change of Company name	Resolved to pass a Special Resolution to change the name of the Company from "Beximco Pharmaceuticals Limited" to "Beximco Pharmaceuticals PLC" in compliance to the Companies Act, 1994 (amended in 2020), subject to the approval of the Shareholders in the 48th AGM of the Company to be held on 29th December, 2024 as a matter of special business

Comparative Financial Disclosures:

Beximco Pharmaceuticals Limited and its Subsidiaries (Consolidated)

Particulars	Year ended 30 June 2024	Year ended 30 June 2023
Net Profit after Tax	Tk. 5,866,771,470	Tk. 4,524,468,490
Earnings Per Share (EPS)	Tk. 13.07	Tk. 10.34
Net Asset Value (NAV)	Tk. 47,949,964,744	Tk. 43,680,703,738
Net Asset Value per share (NAVPS)	Tk. 107.48	Tk. 97.91
Net Operating Cash Flow Per Share (NOCFPS)	Tk. 18.75	Tk. 13.64

Beximco Pharmaceuticals Limited (Stand-alone)

Particulars	Year ended 30 June 2024	Year ended 30 June 2023
Net Profit after Tax	Tk. 5,610,513,429	Tk.  4,588,008,908
Earnings Per Share (EPS)	Tk. 12.58	Tk. 10.28
Net Asset Value (NAV)	Tk. 47,391,484,377	Tk. 43,341,239,142
Net Asset Value per share (NAVPS)	Tk. 106.23	Tk. 97.15
Net Operating Cash Flow Per Share (NOCFPS)	Tk. 17.46	Tk. 12.96

For further information please visit www.beximcopharma.com or enquire to:

Beximco Pharma

S M Rabbur Reza, Chief Operating Officer

Tel: [phone], Ext.20111

Mohammad Ali Nawaz, Chief Financial Officer

Tel: [phone], Ext.20030

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady / Andrew Emmott / Adam Dawes

Tel: [phone] / 3555

SP Angel Corporate Finance LLP (Broker)

Matthew Johnson

Tel: [phone]

FTI Consulting

Simon Conway / Victoria Foster Mitchell / Sam Purewal

Tel: [phone]

Notes to Editors

About Beximco Pharmaceuticals Limited

Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Since its inception in 1976, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines. Company's broad portfolio of generics encompasses diverse delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, insulins, prefilled syringes, injectables, nebuliser solutions, oral soluble films etc. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies.

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 and it has a geographic footprint in more than 50 countries. More than 5700 employees are driving the company towards achieving its aspiration to be among the most admired companies in the world.

 

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