Book Closure for 125% Right Share of General Finance on Shrawan 26; LTP at Rs 430

General Finance Limited (GFL) has set book closure date for its upcoming 1:1.25 (125%) right shares. As per the notice published in NEPSE today, the finance company has decided to close the register of their shareholders on Shrawan 26, 2074 for the purpose of issuing right share. Only those shareholders having shares traded ahead of the book closure date will be eligible to apply for the right shares. SEBON had provided  approval for the issuance of right shares on Shrawan 6, 2074. Global IME Capital Limited has been assigned as the issue manager for right share issue. General Finance’s 16th to 19^th AGM had endorsed 1:1.25 right share i.e. 1,652,850 units to its existing shareholders. General Finance has net loss of Rs 2.50 crore in the third quarter of the FY 2073/74.  Its paid up capital stand at Rs 13.22 crore. After the issuance of 125% right, its paid up capital will reach Rs 29.75 crore. Its last traded price (LTP) stood at Rs 430 as on July 31, 2017.