Nahee Aluminum MD to gift 40 lakh shares worth Tk15.92cr to sons

Monira Noman, managing director of Nahee Aluminum Composite Panel, has announced plans to gift 40 lakh shares of the company, worth Tk15.92 crore at the current market price, to her two sons.

Her sons, Hasin Noman Mahee and Fahim Noman Nahee, both general shareholders of the company, will receive 20 lakh shares each.

According to disclosures filed with the stock exchanges, the shares will be transferred outside the exchange’s trading system within 30 working days from Monday.

Monira Noman held 85.45 lakh shares, representing a 12.50% stake in the company, as of October, according to its shareholding report.

Nahee Aluminum shares closed at Tk39.80 each on Wednesday, down 2.45% from the previous session.

Meanwhile, Abu Neaim Howlader, another director of the company, has also announced plans to gift 12 lakh shares, worth Tk4.77 crore, to his wife, Maria Islam, who is a general shareholder.

The shares will also be transferred outside the exchange’s trading system within 30 working days from 3 November.

Howlader held 49.84 lakh shares, equivalent to a 7.29% stake in the company, according to the October shareholding report.