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UCAP Cumulative & Non-Convertible Preference Share

Issuer Union Capital Limited
Lead arranger Green Delta Capital Ltd
Convertibility Non Convertible. The share cannot be convertible to common stock of the
company
Credit Rating Long term: AA dt 16-03-14 Short term: ST-1 dt 15-09-13
Total Size BDT 500 M
Face Value BDT 10 M
Minimum Subscription BDT 50 M
Minimum Subscription (Share) 5 share
Rate of Dividend 12.50% on the outstanding preference share amount on each anniversary
date.
Equivalent Rate of Return 17.39% for Bank, NBFI & Insurance
16.00% for Merchant Bank
Dividend Accumulation In case of non-payment of dividend on any year, dividend will be
accumulated at existing rate +1.50% for each of non-payment year. Right
now the dividend rate will be 12.50%+1.50% = 14.00 %. This rate is applicable
only if the company fails to pay the dividend within 30 days from the date of
closing of each anniversary
Dividend Payment date Within 15 days from the close of 12 month in each year of the investment
Tenor 5 year
Redemption The preference share is redeemable in 5 equal installment starting from the
end of first year from the date of subscription.
Issue date As per subscription agreement
Final Redemption Date As per subscription agreement
Representation and warranties All transaction are in place except for (1) approval from BSEC & Bangladesh
Bank (2) registration of security ( to be done after signing of preference share
agreement
Early Redemption 1. No redemption will be allowed before 2 year of the investment from
date of subscription
2. After 2
nd
year the issuer can redeem the investment on payment of
call premium of .025% on the principal amount to be
called/redeemed plus accrued and unpaid dividend.
3. Redemption will be on a pro-rata basis between each of the investor.
4. Any share that is redeemed shall be considered as cancelled and
cannot be reissue.
Liquidation Preference In case of liquidation company will first pay the outstanding of the face value
of preference stock plus declared and unpaid dividend on each preferred
stock.
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Vital Financial Performance of UCAP
Amount in Million
Particular 2013 2012 2011
Deposit 8,120.39 4809.31 3986.63
Advance 10,586.93 7,318.21 6,871.09
Net Operating Income 186.88 135.40 85.75
Net profit after Tax 2.54 14.20 .19
Capital Adequacy Ratio 15.67% 15.13% 15.81%