NEPSE Adjusted the stock price of NMB Bank (NMB) at Rs 332.23. The bank is conducting its 24th AGM on January 9 in Rastriya Sabhagriha, Pradarshani Marg, Kathmandu at 10:00 AM.
The AGM will endorse a proposal of distributing 21 percent stock and 14 percent cash dividend including tax to its shareholders.
The bank with Rs 11.52 billion in paid-up capital started joint transaction with Om Development Bank after its acquisition from September 28. The paid-up capital of the bank will reach Rs 13.95 billion after the bonus share distribution.
Similarly, NEPSE adjusted the stock price of Everest Bank (EBL) at Rs 541.90. The bank is conducting its 25th AGM on January 8 in Lainchaur Banquet, Lainchaur, Kathmandu at 11:00 AM.
The AGM will endorse a proposal of distributing 25 percent dividend including 5 percent stock and 20 percent cash dividend including tax to the shareholders. The meeting will amend its article of association and policies in related with change in capital after conversion of 7 percent preference shares into ordinary shares.
Moreover, the meeting will approve financial statements of the last FY and appoint an auditor for the current FY.
Presently, the bank has a paid-up capital of Rs 8.06 billion that will reach Rs 8.47 billion after the bonus share distribution.
Likewise, NEPSE adjusted the stock price of Infinity Laghubitta Bittiya Sanstha (ILBS)at Rs 519.09. the company is conducting its 3rd upcoming AGM on January 3 in Sahamati Bijaychowk, Nawalpur at 11:00 AM.
The AGM is set to issue 25 percent right shares of the paid-up capital maintained after bonus share distribution. The meeting is scheduled to endorse a proposal of distributing 10 percent stock and 5 percent cash dividend to the shareholders.
The meeting will also delegate authority to BOD to forward merger/acquisition process and amend article of association and policies.
Presently, the company has a paid-up capital of Rs 207.4 million that will reach Rs 228.1 million after the bonus share distribution.
Furthermore, NEPSE adjusted the stock price of Pokhara Finance (PFL)at Rs 137.38. The company is conducting its AGM on January 3 in Durbarthok Banquet, Bastolathar, Pokhara at 9:00 AM.
The meeting will endorse a proposal of distributing 7 percent stock and 7.20 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process and amend its article of association and policies.
