The meeting is supposed to endorse a proposal of distributing 1.635 percent cash and 3.628 percent stock dividend to its shareholders. Moreover, the bank will amend its article of association to facilitate share brokerage function by itself or by establishing subsidiary company, issue debenture, raise issued and paid-up capital, issue FPO with or without changing capital structure. .
Furthermore, the AGM will delegate authority to BOD to identify potential merger or acquisition or foreign strategic partner and appoint DDA evaluator and fulfill any legal requirement as per regulatory bodies.
For the AGM, the bank is closing its book on January 1, thus, the shareholders registered in its book till December 31 will be eligible to attend the AGM and obtain the announced dividend.
After the bonus share distribution, the paid-up capital of the bank will reach Rs 10.38 billion.
