Global IME Bank distributing GBIME shares to shareholders of Pacific Dev Bank directly to demat accounts

Global IME Bank Limited (GBIME) is going to deposit new shares of Global IME Bank Limited to the shareholders of Pacific Development Bank Limited (PADBL) directly to the respective demat accounts of the shareholders. As per the notice published by GBIME today, it has urged the shareholders of PADBL to submit their old certificates of PADBL along with demat account confirmation letter and an application form to GBIME’s share registrar, Global IME Capital Limited, Jamal, Kathmandu. Global IME Bank Limited had acquired Pacific Development Bank Limited in a share swap ratio of 100:69.26. Shareholders of PADBL having 100 units shares will have their demat accounts credited with 69.26 units of GBIME shares. After the completion of acquisition process, the joint operation of the banks started from Falgun 1, 2073.