Introduction:
In compliance with the Directives No. BSEC/ CMRRCD/ 2021 386/03 of Bangladesh Securities and Exchange Commission (BSEC) dated January 14, 2021; Legacy Foot Wear PLC. formulated a policy known as “Dividend Distribution Policy. The highlights of the said policy are given below.

Purpose:
The purpose of the policy is to comply with the Directives of the Bangladesh Securities and Exchange Commission (BSEC). The parameters set out in the policy are applicable to the distribution of dividends.

Dividend Recommendation and Approval Process:
Dividends are to be recommended and approved as per applicable Acts and regulatory directives issued from time to time.

Entitlement of Dividend:
Shareholders whose names shall appear in the Members Register of the Company or in the Depository Register of CDBL on the ‘Record Date’ of the respective year’s AGM will receive an entitled dividend.

Process of Distribution of Cash Dividend:
Cash dividend shall be paid directly to the bank account within 30 (thirty) days from the date of approval by the Shareholders in the AGM subject to compliance with circulars/ directives of BSEC.

regulatory authority from time to time.

• Through Bangladesh Electronic Funds Transfer Network (BEFTN).
• Through bank transfer or any electronic payment system as recognized by the Bangladesh Bank (if not
  possible through BEFTIN);
• In case of margin loan and claim by loan provider, through the Consolidated Customer’s Bank Account.
  (CCBA);
• To the separate bank account of the merchant Banker or portfolio manager through BEFTN;
• Through the security custodian following Foreign Exchange Regulation for non-resident sponsors, directors, shareholders, unit holders or foreign portfolio investors (FPI).
• Through issuance of a Cash Dividend warrant in case of non-availability of bank account information or not possible to distribute cash dividend through BEFTN or any electronic payment system, shall issue cash dividend warrant and shall send it by post to the shareholder or unit holder;

Manner and procedure of stock dividend distribution:
The stock dividend shall be credited within 30 (thirty) days of approval subject to the clearance of the regulatory requirement exchange (s) and the Central Depository Bangladesh Limited (CDBL)]

• To the BO Account;
• To the suspense BO Account for undistributed or unclaimed stock dividend/bonus shares. A new Suspense BO Account has been opened every year for the respective year’s suspense shares;
• The bonus dividend shall be transferred to the suspense BO account if the BO account is not available or
  BO account is inactive;
• The sale proceeds of fractional bonus dividend shall be paid off as per the circular of BSEC and other regulatory
  authority from time to time,

Unpaid or unclaimed of unsettled cash dividend:
Unpaid or unclaimed of unsettled cash dividends shall be settled as per instruction ns of BSEC or other regulatory authorities from time to time.

Unpaid or unclaimed of unsettled stock dividend:
Unpaid or unclaimed of unsettled stock dividends shall be settled as per instructions of BSEC or other regulatory authorities from time to time.

Tax matters:
Tax will be deducted at source as per applicable tax laws.

Submission of Dividend Distribution Compliance Report:
In compliance with the Dhaka Stock Exchange (Listing) Regulation 2015 and Chittagong Stock Exchange (Listing) Regulation 2015 and other regulatory requirement Legacy Foot Wear Limited has been submitted a Dividend Distribution Compliance Report to BSEC, DSE and CSE within 7 days from the date of completion of dividend distribution of the concerned year’s. This report shall submit to BSEC, DSE and CSE in a specified format issued by the regulator (s) within stipulated time.

Amendments/ Modifications:
To the extent any change/ amendment is required in terms of any applicable law or change in regulations, the regulations would prevail over the policy and the provisions in the policy would be modified in due course to make it consistent with the law of the land. Such amended policy shall be placed before the Board for approval

Disclosure Policy:
The Dividend Distribution Policy has available on the Bank’s website and annexed in the Bank’s Annual Report-2022

Summary of Unclaimed Dividend:
As of 30th June, 2022 total amount of unclaimed dividend is Tk. 27,80.960.00