Laxmi Bank (LBL) is conducting its 19th AGM on December 22. The AGM will endorse a proposal of distributing 10 percent stock and 5 percent cash dividend.
Presently, the bank has a paid-up capital of Rs 8.92 billion that will reach Rs 9.81 billion after the bonus share distribution. The last traded price (LTP) of the stock is at Rs 217 on December 5.
Similarly, Civil Bank (CBL) is conducting its 9th AGM on December 22 in Amritbhog, Kalikasthan, Dillibazar at 11:00 AM.
The bank is scheduled to endorse a proposal of distributing 6.57 percent cash dividend to its shareholders.
The meeting will also delegate authority to BOD to forward merger/acquisition with suitable partners. The LTP of the stock is Rs 140 on December 5.
Likewise, Muktinath Bikas Bank (MNBBL) is conducting its 13th AGM on December 16 in Hotel Grand Pokhara, Pokhara at 11 AM.
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 a 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 a merger/acquisition procedure.
Presently, the bank has a paid-up capital of Rs 3.67 billion that will reach Rs 4.32 billion after the bonus share distribution. The LTP of the stock is at Rs 315 on December 5.