Machhapuchchhre Bank’s AGM on Mangsir 26; 12% bonus & 20% right in offing
Wed, Nov 12, 2014 12:00 AM on AGM/Special AGM,
ShareSansar, November 12:
Machhapuchchhre Bank Limited (MBL) is going to hold its 16th Annual General Meeting on Mangsir 26,2071; which, inter alias, will endorse 12 percent bonus share and 0.63 percent cash dividend (for tax purpose) from the net profit earned in the last fiscal year 2070/71.
The bank is also set to approve the proposal to issue 5:1 ratio right share to its shareholders which is subject to approval from AGM. The report clearly stated that the right issue is after issuing bonus share.
The bank has also announced the book closure for the same from Mangsir 3 to Mangsir 22, 2071.
Only those shareholders who own the shares of the bank till Mangsir 2 will be entitled to dividends offered by the bank.
Other agenda includes the approval of financial statement of FY 2070/71 and also the election for 5 directors representing the promoters group.
Machhapuchchhre Bank did not offer any dividend to its shareholders previous fiscal year i.e. 2069/70.
FOR COMPLETE ANNOUNCEMENT: CLICK HERE
