Prime Commercial Bank Relocates AGM Venue

Dec 30, 2019 12:58 PM Merolagani

Prime Commercial Bank (PCBL) has changed the AGM venue for its upcoming AGM. The bank that was previously organizing the AGM in Rastriya Sabhagriha, Pradarshani Marg at 10:00 AM is now conducting it in Army Officers Club, Sundhara.

The meeting will endorse a proposal of acquiring Kailash Bikas Bank with a swap ratio of 100:94. Moreover, the meeting will approve a proposal of distributing 16 percent stock dividend.

Presently, the bank has a paid-up capital of Rs 9.68 billion, which will reach Rs 11.23 billion after the bonus share distribution.

Following its book close for the AGM, NEPSE adjusted the stock price at Rs 240.52 after adjusting 16 percent stock dividend.

 


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