People's Leasing & Financial Services Ltd. has informed that while the 16th AGM of the Company was proceeding on 26.06.2012, shareholders proposed to revise the Board's recommended dividend proposal. In response to shareholders' demand, the Board of Directors held an Emergent Meeting immediately by adjourning the proceedings of the AGM and resolved & recommended 5% cash dividend (BDT 0.50 per share of BDT 10.00 each) and 10% stock dividend for the year ended on December 31, 2011 instead of earlier declared 10% cash dividend and 5% stock dividend; thus maintaining total 15% dividend declaration for the year ended on December 31, 2011 as unchanged which was recommended earlier on November 04, 2012. The revised recommendation was subsequently approved by the shareholders during the course of the 16th AGM of the Company.