Matribhumi convening 5th AGM on Falgun 30; 15% dividend and 1:1 right in offing

ShareSansar, February 16:

Matribhumi Bikas Bank Ltd (MTBL) is convening its 5th annual general meeting (AGM) on Falgun 30. Publishing the notice today, MTBL said that its 5th AGM will be held on Saturday at Dhulikhel Lodge Resort, Dhulikhel.

The major agenda includes the election of 5 directors representing promoter shareholders group and 2 directors representing public shareholders group.

The AGM, among other agenda, is scheduled to approve the dividend proposed by its board of directors.

MTBL has already proposed 15 percent dividend – 10 percent bonus share and 5 percent cash – to the shareholders from the net profit the company posted in the last fiscal year 2070/71.

The company is also proposing the agenda to issue 1:1 right share after the adjustment of proposed bonus share and other agendas includes the merger and acquisition.