The local bourse adjusted the stock price of Century Commercial Bank (CCBL) at Rs 177.45 after adjusting 2 percent stock dividend.
The bank is conducting its 9th AGM on March 27 in Army Officers Club, Bhadrakali at 11:00 AM. The meeting will approve a proposal of distributing 2 percent stock dividend worth Rs 168.3 million and 4.75 percent cash dividend worth Rs 399.7 million to its shareholders. The paid-up capital of the bank will reach Rs 8.58 billion after the bonus share distribution.
Similarly, NEPSE adjusted the stock price of Womi Microfinance (WOMI) at Rs 856 after adjusting 25 percent stock dividend.
Womi Laghubitta is conducting its 8th AGM on March 29 in the conference hall of Jugal Hotel, Kavrepalanchowk, Dhulikhel. The meeting will endorse a proposal of distributing 25 percent stock and 1.316 percent cash dividend for tax proposes. Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process with suitable partners and conduct all the required procedures for the merger/acquisition.
Likewise, NEPSE adjusted the stock price of Api Power (API) at Rs 114.50 after adjusting 5 percent bonus and 46.765 percent right shares.
Api Power Company is conducting its AGM on March 20 in Karki Banquet, Maitighar at 11:00 AM. The meeting is supposed to endorse a proposal of distributing 5 percent stock dividend and issue 46.7 percent right shares of the paid-up capital maintained in FY 2074/75.
Presently, the company has a paid-up capital of Rs 1.19 billion. After 5 percent stock dividend and 47 percent right issue, the paid-up capital will reach Rs 1.81 billion. The company will issue 90.96 percent right issue of the same paid-up capital.
The companies closed their books on March 13 for their upcoming AGM, thus, the shareholders registered in their book till March 12 are eligible to attend their AGM and obtain the announced dividend.
