Janata Bank to convene AGM on Mangsir 02, 2076; Approval of 1:0.85 swap ratio with Global IME bank and 12% dividend on major agendas
Thu, Oct 31, 2019 11:31 AM on AGM/Special AGM, Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Janata Bank Nepal (JBNL) will be convening its 10th Annual General Meeting (AGM) on Mangsir 02, 2076 (November 18, 2019) at Army Officers' Club, Bhadrakali, Kathmandu from 10 AM onwards.
The 294th Board Meeting held on Kartik 08, 2076 has decided on following agendas to be discussed in the AGM:
- Approval of 6% cash dividend and 6% bonus shares proposed by the Board.
- Final approval to the merger with GLobal IME Bank (GBIME) after the approval of the report presented by Due Diligence Audit and the share swap ratio determined by it. The proposed share swap ratio id 1:0.85 (100 units of JBNL shares will be transformed into 85 units of GBIME shares).
- 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.
- Appointment of auditor for the year and determination of the remuneration for the same.
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 on Kartik 14, 2076.
