Managing Director of British American Tobacco Bangladesh (BATB) Stephen Daintith and Managing Director and CEO of Central Depository Bangladesh Ltd, the operator of CDS, signed the agreement on behalf of their organisations, says a press release.

BATB will join CDS fold soon after getting final permission from the Securities and Exchange Commission. CDS will expedite share settlement. It will also facilitate electronic distribution of bonus share, eliminate hassle relating with manual share registration and transfer, avoid rigorous process of certificate validation.

Alan J King, head of Finance of BATB, Rashed Ahmed, head of Marketing, QM Shahed, head of Human Resources, Ezaz A Chowdhury, head of Leaf, Paul Thompson, head of Operation, Md Mahubur Rahman, company secretary, and Md Azizur Rahman, deputy company secretary of BATB, and officials of CDBL were present.