Last day to hold shares of Agriculture Development Bank to be eligible for AGM and 21% dividend

Agriculture Development Bank Limited (ADBL)'s 12th AGM has been scheduled on 15th Chaitra, 2075 (29th March, 2019) at bank's Kendriya Talim Pratishthan, Bode, Bhaktapur from 11:00 AM onwards.

The AGM will be endorsing 6% bonus shares to its shareholders and 15.053% cash dividend to general shareholders and 6% cash dividend of share capital to irredeemable preference shareholders. The company has proposed to provide authority to the BOD to make any amendments in the MoA and regulations.

Other agendas of the meeting include, election of 3 Public directors representing group (Kha).

For the purpose of the meeting the shareholders register book of the bank will remain closed on Fagun 16, 2075 i.e tomorrow, the shareholders holding the shares of the bank till Falgun 15, 2075 I.e. today can claim for dividend and participate in the AGM.

LTP of ADBL stands Rs 332 per unit.