The AGM is supposed to endorse a proposal of distributing 17.07 percent stock dividend worth Rs 377.1 million to its shareholders.
The meeting will also endorse a proposal of amending its article of association and memorandum of association following the change in paid-up capital after bonus share distribution.
Moreover, the bank will delegate authority to BOD to forward merger/acquisition, sign memorandum of understanding and appoint auditor for DDA.
In this regard, the bank is closing its book on August 7 thus, the shareholders registered in its book till August 6 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the bank has a paid-up capital of Rs 2.17 billion that will reach Rs 2.55 billion after the bonus share distribution.
