Notification of Preliminary Results and AGM

Beximco Pharmaceuticals Ltd

20 October 2023

 

20 October 2023

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 19 October 2023. Please see further detail as follows:

1.	To recommend the approval of the Financial Statements for the year ended 30 June 2023	The Audited Financial Statements for the year ended 30 June 2023 have been approved. The full accounts are expected to be announced by 01 November 2023
2.	Date & Time of 47th Annual General Meeting ("AGM") of the Company for the year ended 30 June, 2023	28 December 2023 at 10.30 A.M.
3.	Venue of AGM	Virtual Platform
4.	Proposed Dividend for the year ended 30 June 2023	35% Cash Dividend (i.e. Tk 3.50 per Share)
5.	Record date	13 November 2023

Comparative Financial Disclosures:

Beximco Pharmaceuticals Limited (Stand-alone)

Particulars	Year ended 30 June 2023	Year ended 30 June 2022
Net Profit after Tax	Tk. 4,588,008,908	Tk.  5,161,343,643
Earnings Per Share (EPS)	Tk. 10.28	Tk. 11.57
Net Asset Value (NAV)	Tk. 43,341,239,142	Tk. 40,315,738,301
Net Asset Value per share (NAVPS)	Tk.97.15	Tk. 90.37
Net Operating Cash Flow Per Share (NOCFPS)	Tk. 12.96	Tk. 11.27

Beximco Pharmaceuticals Limited and its Subsidiaries (Consolidated)

Particulars	Year ended 30 June 2023	Year ended 30 June 2022
Net Profit after Tax	Tk. 4,524,468,490	Tk. 4,998,628,197
Earnings Per Share (EPS)	Tk. 10.34	Tk. 11.48
Net Asset Value (NAV)	Tk. 43,680,703,738	Tk. 40,600,497,817
Net Asset Value per share (NAVPS)	Tk. 97.91	Tk. 91.01
Net Operating Cash Flow Per Share (NOCFPS)	Tk. 13.64	Tk. 11.69

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

Beximco Pharma

Nazmul Hassan MP, Managing Director

Tel: [phone], Ext.20080

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

Tel: [phone] / 3555

SP Angel Corporate Finance LLP (Broker)

Matthew Johnson

Tel: [phone]

FTI Consulting

Simon Conway / Victoria Foster Mitchell

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 5,500 employees are driving the company towards achieving its aspiration to be among the most admired companies in the world.

 

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