Om Development Bank Calls Out AGM

Jul 21, 2019 12:53 PM Merolagani

Om Development Bank has called out its AGM on August 12 in Hotel Pokhara Grand, Pokhara at 9:00 AM.

The bank has withdrawn previously announced dividend proposal following its merger agreement with NMB Bank.

Earlier, the 159th board of directors meeting of the bank held on January 11 decided to propose 12.70 percent stock dividend to its shareholders.

The AGM will endorse a merger proposal with NMB Bank and approved swap ratio for it. Moreover, the meeting will delegate authority to BOD to finalise the merger procedure.

The stock trading of the company has been suspended since August 19, 2018 due to merger process. Now the trading will open after the commencement of joint transaction with NMB Bank.

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