The delay in calling out the AGM of previous FY was caused by the unmet required paid-up capital of Rs 8 billion as per NRB directive.
The bank is endorsing a proposal of distributing 15 percent stock and 0.789 percent cash dividend for tax purpose of the paid-up capital of Rs 7.60 billion.
The bank is closing its book on August 2 for the AGM purpose, thus the shareholders registered in its book till August 1 can attain the AGM and obtain the announced dividend.
After the endorsement of the bonus share, the paid-up capital will reach Rs 8.74 billion.
