7% Convertible Preference Shares of Everest Bank Limited is Delisted From Nepse Now

Fri, Sep 23, 2022 11:55 AM on Latest, Stock Market,

Cancellation of listing of the preference shares of Everest Bank Limited (EBL).

Regarding the aforementioned, it is stated in the letter dated Bhadra 31 that Everest Bank Limited issued 20,00,000 units "Convertible Preference Shares of 7%" for a total of Rs. 20 Crores (20,00,000 Shares of Rs. 100/- each).

Since they will be converted into ordinary shares for the final time on Ashwin 13, it was decided that the 7% Convertible Preference Shares will mature following the transaction on Ashwin 6.

In accordance with the NEPSE notice on Ashwin 7, the listing of the aforementioned preference shares is also canceled.