Last day to apply for unclaimed right shares of Sanima & Citizens Bank

Citizens Bank International Limited (CZBIL) and Sanima Bank Limited (SANIMA) have been auctioning their unsubscribed right shares from Ashad 15, 2074 and today (Asadh 22, 2074) is the last day to bid for the shares of both banks. CZBIL is selling 4,20,490 units ordinary share and 1,99,313 units promoter share after the 13,843,379 unit rights shares issued on Chaitra 24, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 10:2.5. Around 4.47% of the total right issue were unclaimed. The bid will open to conclude the auction on Ashad 23, 2074 at 3:30 PM. Sanima Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Ashad 21 at the Sanima Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Sanima Capital Limited and account number 0010004054407 of Sanima Bank Limited. Bidders can also apply through a Good for Payment Cheque made in the name of Sanima Capital. Its last traded price stood at Rs 383 as of yesterday (July 5, 2017). Likewise, SANIMA is selling 2,11,047 units ordinary shares after the right shares issued on Baisakh 17, 2074 were not fully subscribed by its shareholders. SANIMA had offered 1,59,17,617 right shares in the ratio 10:3. Around 1.32% of the total issued right shares were unclaimed. The minimum bid price for the shares is set for Rs 100, which means the bid amount per share should be greater than Rs 100. CBIL Capital Limited is the issue manager for the auction. Applicants can collect the bid forms from CBIL Capital Limited, Dillibazar, Kathmandu. The bank has urged interested bidders to deposit the bid amount within banking hours on Ashad 22, 2074 in the account number 010000477CC (at Citizens Bank) or account number 001-000-1057007 (at Sanima Bank) maintained in the name “CBIL Capital Ltd-Right Sanima”. Bidders can also apply through a Good for Payment account payee cheque in the name of CBIL Capital Limited. Its LTP stood at Rs 416 as of yesterday (July 5, 2017).