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On 11 January 2024, Beximco Pharmaceuticals Limited announced that Mr. Nazmul Hassan MP will step down as the Company's Managing Director and a member of the Board with immediate effect. This follows an invitation for Mr. Hassan to join the newly formed Cabinet as a Minister after the Bangladesh Parliamentary Election on 7 January 2024.
| Date | 11 Jan 2024 |
| Time | 11:44:52 |
| Category | Board changes |
| ID | 4111Z |
11 January 2024
BEXIMCO PHARMACEUTICALS LIMITED
Board Change
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, announces that Mr. Nazmul Hassan MP, the Company's Managing Director and member of the Board, will step down with immediate effect. This follows an invitation from the Prime Minister for Mr. Hassan to join the newly formed Cabinet as a Minister after the recent Bangladesh Parliamentary Election on 7 January 2024.
The process to find a replacement will commence immediately and the Company will provide an update at the appropriate time.
For further information please visit www.beximcopharma.com or enquire to:
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Beximco Pharma |
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S M Rabbur Reza, Chief Operating Officer Tel: +880 2 58611001, Ext. 20111
Mohammad Ali Nawaz, Chief Financial Officer Tel: +880 2 58611001, Ext. 20030
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SPARK Advisory Partners Limited (Nominated Adviser) Mark Brady / Andrew Emmott Tel: +44 (0)20 3368 3551 / 3555
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SP Angel Corporate Finance LLP (Broker) Matthew Johnson Tel: +44 (0) 20 3470 0470
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FTI Consulting Simon Conway / Victoria Foster Mitchell Tel: +44 (0)20 3727 1000
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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 5700 employees are driving the company towards achieving its aspiration to be among the most admired companies in the world.