The meeting is supposed to endorse a proposal of distributing 3 percent stock dividend worth Rs152.55 million and 5.036 percent cash dividend worth Rs 256.1 million including tax to its shareholders. Moreover, the bank will delegate authority to BOD to identify potential merger or acquisition partner and carry out any required procedure as per regulatory bodies.
Regarding this, the bank will close its book from December 23 to January 12, thus, the shareholders registered in its book till December 22 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the bank has a paid-up capital of Rs 508.51 million. After the bonus share distribution, the paid-up capital will reach Rs 523.76 million.
