Civic Dev. Bank changes the proposed 1:1 right share issue to 2:1

Sharesansar, January 12:

The fifth annual general meeting of Civic Development Bank Limited held on Poush 19 has changed the proposed 1:1 right share issue agenda to 2:1. Now the new proposed right share ratio is 2:1.

The 5th AGM also approved the agenda to distribute 15.79 percent cash dividend to its shareholders and the meeting also approve the agenda to change the shareholding pattern to 51 percent of promoters and 49 percent of public.

Dhading based Civic Development bank earns Rs 9.76 million net profit during last fiscal year as per unaudited balance sheet and the company has paid up capital of Rs 40 million.