11th AGM of Hama Merchant on Poush 11; to approve 12% bonus share

Hama Merchant and Finance Limited will be convening its 11^th Annual General Meeting (AGM) on Poush 11, 2073. The AGM will be held at Baithak Event Venue, Tripureshwor, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 12% bonus share and cash dividend worth Rs 13, 95,789. 47 to its shareholders from the net profit it earned in FY 2072/73.
• After bonus share distribution, to increase issued and paid up capital and amend Article of Association accordingly.
• To authorize BOD to endorse Memorandum of Understanding (MOU) for the acquisition process of Hama Merchant by Civil Bank.
• To authorize BOD for necessary amendments as prescribed by the company’s registrar office, Nepal Rastra Bank and other concerned authorities.

Other agendas of the AGM include financial highlights of FY 2072/73, appointment of auditor and election of 3 BOD members from public shareholders group. The trading of Hama Merchant Finance has been halted in Nepal Stock Exchange Limited (NEPSE) since Bhadra 19, 2073. Thus the same date will be regarded as book closure date. Only those shareholders owning shares till Bhadra 16, 2073 will be entitled to the dividend of the company. HAMA had earned net profit of Rs 34.48 lakh in the first quarter of the FY 2073/74.