19% of Chimmek Laghubitta promoter shares get converted into public share; Tourism Dev. Bank converts 11.50% promoter shares into public

Chimmek Laghubitta Bikas Bank Limited (CBBL) has decided to convert its promoter- public shareholders ratio. The company is converting the promoter to public share ratio in to 51:49. The current promoter-public structure of the microfinance company is 70: 30. This means that 19 percent of promoter shares will be converted into the ordinary shares. With this promoter to public proportion of CBBL will be 51: 49. In case the promoter shareholders do not want to convert their promoter shares into public ratio then they should notify the company within 15 days of the notice published. Similarly, Tourism Development Bank Limited (TDBL) has decided to convert its promoter- public shareholders ratio. The company is converting promoter to public share ratio in to 51:49. The current promoter-public structure of the development bank is 62.50: 37.5. This means that 11.50 percent of promoter shares will be converted into the ordinary shares. With this promoter to public proportion of TDBL will be 51: 49. Of the total shares of the promoter shareholders, 18.4 percent of promoter share has been converted into public share. The shares will be directly transferred to the Demat account to those shareholders who had provided demat account. The company has requested the shareholder who have not provided demat account to bring their original share certificates in the corporate office of the bank located at Baneswor, Kathmandu.