The company aims to strengthen its position in the global market by increasing its exports to countries such as the United States, the United Kingdom, and the European Union.
A New Era of Growth and Expansion
Apex Tannery Limited has been a leading player in the leather processing and finishing industry in Bangladesh for several years. The company has established itself as a reliable and efficient supplier of high-quality leather products to various industries, including footwear, automotive, and upholstery. With its commitment to innovation and quality, Apex Tannery Limited has been able to maintain its position in the market and attract new clients.
Key Partnerships and Expansion Plans
The company’s decision to enter into agreements with three footwear exporters again is a significant move towards expanding its business. The partnerships will enable Apex Tannery Limited to increase its exports to countries such as the United States, the United Kingdom, and the European Union.
The Apex Tannery and its Directors
The Apex Tannery is a leading manufacturer of leather goods in Bangladesh. The company has been in operation for over 30 years, producing high-quality leather products such as shoes, bags, and belts. With a strong focus on innovation and customer satisfaction, the Apex Tannery has established itself as a reputable player in the leather industry.
Key Facts About the Apex Tannery
The Role of Directors in the Apex Tannery
The Apex Tannery has a team of experienced directors who play a crucial role in the company’s success. Some of the directors of the Apex Tannery are also directors of other companies, including FB Footwear, Footbed Footwear, and Nuovo Shoes (BD).
The board of directors has approved the dividend, and it will be paid out in the form of cash. The dividend rate is 2.5% per annum. The company is distributing cash dividends to its general shareholders, not its institutional investors. The dividend payout is based on the company’s book value per share. The board of directors has set the book value per share at Tk50.00. The general shareholders will receive a dividend of Tk0.50 per share. This means that if a shareholder owns 100 shares, they will receive a dividend of Tk50.00. The dividend payout will be made in tranches, with the first tranche being paid in June 2024, and subsequent tranches paid in December 2024 and June 2025. Apex Tannery has also proposed a 5% cash dividend for its institutional investors. However, institutional investors will not receive the dividend in the form of cash. Instead, they will receive a 5% preference share dividend. Institutional investors will also have the option to buy back their preference shares at the end of the financial year 2024. The preference shares will be issued at a face value of Tk50.00 per share. The preference share dividend will be paid semi-annually, in the form of cash. The dividend rate is 5% per annum, and the preference shares will be issued for a period of 5 years.
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