Century Commercial Bank to issue 30% (85.22 lakh unit) Right Share from Bhadra 5; Paid up to reach Rs 3.69 arba

Century Commercial Bank Limited (CCBL) will be issuing 10:3 (30%) right shares to its existing shareholders from Bhadra 5, 2073. According to the notice published by the bank today, the rights issue will remain open for 35 days before closing on Ashwin 9, 2073. Century Commercial Bank will be issuing a total of 85, 22,400 unit right shares at the face value of Rs 100. The book closure date for 30% right issue was set for Shrawan 18, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 17, 2073 are eligible for the right shares. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Civil Capital Market Limited, Kathmandu Plaza, Kamaladi, Kathmandu and all branch offices of Century Commercial Bank. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 3.69 arba from existing Rs 2.84 arba. The bank has authorized capital of Rs 5 arba. Its public-promoter share structure stands at 54:46 ratio. Its last trade price (LTP) stood at Rs 474 as on August 2 , 2016. CCBL has earned net profit of Rs 23.24 crore in third quarter of the fiscal year 2072/73.