Civil Bank SGM on Bhadra 10; to endorse merger with International Leasing & Finance Company
Wed, Aug 3, 2016 1:17 PM on Latest, Featured, AGM/Special AGM, Stock Market,
Civil Bank Limited (CBL) will be convening its Special General Meeting (SGM) on Bhadra 10, 2073. The SGM is going to be held at Amritbhog, Kalikasthan, Dillibazar, Kathmandu at 11: 00 AM.
The main agenda of the SGM are:
- Authorized BOD to initiate merger process with International Leasing and Finance Limited (ILFC).
- The Due Diligence Audit Report (DDA) has set the value of International Leasing and Finance and Civil Bank. The share swap ratio of ILFC and Civil Bank has been fixed at 1:0.83.
- To endorse Memorandum of Understanding (MOU), Due Diligence Audit (DDA) and Final Scheme of Arrangement for the merger process.
- After the completion of merger process to increase issued capital and paid up capital.
- After the merger process, the newly merged entity will be named as Civil Bank Limited.
- To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
