Jyoti Bikash Bank (JBBL) Distributes Bonus Shares to Demat Accounts
Wed, Feb 23, 2022 10:42 AM on Latest, Dividend, Bonus & Rights,
Jyoti Bikash Bank Limited (JBBL) has distributed an 11% bonus share directly to Demat accounts of its shareholders.
The 14th AGM of the company held on 23rd Poush, 2078, endorsed a 15.5% dividend for the fiscal year 2077/78. The 406th meeting of the board of directors held on Mangsir 09 decided to distribute the dividend on the paid-up capital of Rs. 3,84,48,22,781. 11% bonus shares worth Rs. 42.29 crores and 4.5% cash dividend (for tax purposes) worth slightly over Rs. 17.3 crores were proposed.
The same bonus shares are now deposited to Demat accounts. Note that the shares are already listed in NEPSE.
For those who have not dematerialized their shares, the dividend will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the company are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.
