Bank of Kathmandu rescheduled its 21st AGM on Jestha 17; to endorse 26% bonus share& merger with Lumbini bank
Thu, May 5, 2016 12:14 PM on Latest, Featured, AGM/Special AGM,
Bank of Kathmandu Limited (BOK) had postponed its 21st Annual General Meeting (AGM) which was scheduled for Magh 24, 2072. The AGM has been postponed until further notice and today the bank has rescheduled it AGM on Jestha 17, 2073.
Publishing the notice today, the AGM will be held at Nepal Academy Hall, Kamaladi, Kathmandu at 11 am.
The main agendas of the meeting are:
- To endorse 26% bonus share from the net profit it earned from the fiscal year 2071/72 and to increase the issued capital and paid up capital in the same limit
- To amend the article of the association
- To endorse the merger between Bank of Kathmandu and Lumbini Bank Limited
- The swap ratio after the due diligence audit, which had been fixed in 1:0.8281 means Lumbini Bank 1 unit share equals to Bank of Kathmandu 0.8281 unit share.
- After the merger between Bank of Kathmandu and Lumbini Bank, the merged entity will be named as Bank of Kathmandu Lumbini Limited.
- After the completion of merger process of three banks to amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
- To approve Scheme of Arrangement for the merger process of Bank of Kathmandu and Lumbini Bank and to authorize BOD to initiate process of merger and acquisition.
