Himalayan Bank (HBL) Calls AGM to Endorse Dividend and Share Swap Ratio for Merger With Nepal Investment Bank (NIB)

Himalayan Bank Limited has called its 29th AGM on 30th Poush, 2078. The meeting will be held in the company's office in Kamaladi, Kathmandu, starting at 11 am that day. The AGM will be streamed virtually for shareholders.

Among other agendas, the AGM will endorse a 26% dividend for the fiscal year 2077/78. The 412th meeting of the board of directors held on Ashoj 20 decided to distribute the dividend on the paid-up capital. 21.38% bonus shares and 4.62% cash dividends have been proposed.

There is also an agenda to endorse the decision of raising the company's existing authorized capital from Rs. 15 Arba to Rs. 16 Arba.

The Due Diligence Audit (DDA) has suggested a swap ratio of 1: 1 for the merger between Himalayan Bank and Nepal Investment Bank Limited. The AGM will endorse all merger-related agendas.

Poush 19 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM notice

Also Read:

1) Himalayan Bank and Nepal Investment Bank to Merge and Become the Biggest Bank in the Country

2) Trading of Nepal Investment Bank Ltd. (NIB) and Himalayan Bank Ltd. (HBL) Now Halted

3) Nepal Rastra Bank Gives Letter of Intent to Merger Between Nepal Investment Bank Ltd. (NIB) and Himalayan Bank Ltd. (HBL)