In the AGM, the bank is scheduled to endorse a proposal of distributing 17.60 percent stock and 0.93 percent cash dividend (for tax purpose)of the paid-up capital maintained after 20 percent right issue.
Moreover, the AGM will endorse proposal regarding raise in authorized, issued and paid-up capital and amendment in the memorandum of association (MOA) and articles of association (AOA). Moreover, the meeting will delegate authority to BOD to forward merger/acquisition procedure.
The bank is closing its book from December 9 for the AGM, thus, the shareholders registered in the book till December 8 will be eligible to participate in the AGM and obtain the announced dividend.
