Laxmi Bank proposes 38% bonus; After issuance of 100% right share & PRDBL acquisition, bonus would be 18.29%; Paid up to reach Rs 7.47 arba

Laxmi Bank Limited (LBL) has proposed 38% bonus shares to its shareholders from the profits it made in FY 2072/73. The bonus will be distributed after the completion of acquiring Professional Diyalo Bikas Bank (PRDBL) and the upcoming 100% right share. As per a notice published in NEPSE today, the 183^rd BOD meeting of the commercial bank held on January 11, 2017 has proposed the stock dividend of 38%. The proposed dividend share will be distributed after the completion of acquisition of Professional Diyalo Bikas Bank, and the upcoming 1:1 right share issue. The adjusted stock dividend percentage after the acquisition and right issue is 18.29%. Laxmi Bank has paid up capital of Rs 3.03 arba, and Professional Diyalo has paid up capital of Rs. 24.04 crore. After acquiring PRDBL in 100:50 swap, and the 100% right, the paid up of the merged company will reach Rs 6.31 arba. After the issuance of the proposed 18.29% bonus, the paid up capital will reach Rs 7.47 arba. Laxmi Bank has not provided any dividend to its shareholders in last FY 2071/72.