Citizens Bank calls all shareholders to collect their dividends; Dividends older than 5 years to be moved to Investors Protection Fund

Thu, Dec 26, 2019 12:00 PM on Dividend, Bonus & Rights, Latest, Stock Market,

Citizens Bank International (CZBIL) has published a notice today urging the shareholders to collect dividends from past years.

Shareholders who haven't collected their dividends yet are requested to visit CBIL Capital and collect the certificate and deposit it in the account. Similarly, those who have collected the dividend but haven't deposited are also requested to do so.

According to the decision made in recent AGM, cash dividend that haven't been claimed for the past five years will be shifted to Investors protection fund. Shareholders have been given an ultimatum of 1 month to collect any dividends left, or else it will be moved to Investors protection fund.

Similarly the 12% cash dividend approved by the recent AGM from the profit of FY 2075/76 has been already deposited in the bank account of respective shareholders. The dividend distribution of those shareholders who haven't dematerialized their shares or haven't updated bank account information in Demat account are on hold. Therefore, concerned shareholders are requested to update all the required information to receive dividend.

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