Global IME bank to convene AGM on Mangsir 02, 2076; Major agenda to finalize merger with Janata Bank and approval of 25.5% dividend
Thu, Oct 31, 2019 11:19 AM on AGM/Special AGM, Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Global IME Bank Limited (GBIME) will be convening its 13th Annual General Meeting (AGM) on Mangsir 02, 2076 (November 18, 2019) at Nepal Pragya Pratisthan from 10 AM onwards.
The 330th Board Meeting held on Kartik 08, 2076 has decided on following agendas to be discussed in the AGM:
- Approval of 12.75% cash dividend and 12.75% bonus shares as proposed by the Board.
- Final approval to the merger with Janata Bank (JBNL) after the approval of the report presented by Due Diligence Audit and the share swap ratio determined by it.
- Approval of the Annual Report to be presented by the Board along with financial statements for the year 2075/76 to be presented by the auditor.
- Approval of consolidated financial statements of Global IME Capital and Global IME Laghubitta Bittiya Sanstha.
- Appointment of auditor for the year and determination of the remuneration for the same.
- Increment of the authorized capital of the bank to Rs 25 Arba from Rs 16 Arba.
The trading of GBIME and JBNL has been halted in Nepal Stock Exchange (NEPSE) from Ashad 22, 2076 after the formal talks of the merger had begun. The book closure for the purpose of AGM and dividend claim has been declared from Kartik 20, 2076 to Kartik 28, 2076.
