Everest Bank To Convert 7% Convertible Preference Share into Ordinary Share on Ashwin 13

All remnant preference shares of Everest Bank Limited (EBL) will now be converted into ordinary shares.

As per the provision mentioned while issuing the 7% convertible preference share of EBL, 20% of the total initial preference shares are converted to ordinary shares every three years.

As such, the fifth and final conversion will be done on Ashwin 13, 2079. Thus, Ashwin 06 is the final trading day of the said preference shares and the shares will be delisted thereafter for conversion.

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