Metro Development 15% right shares issuance from today; 2,78,504.4 kittas on offer
Thu, Jul 30, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, July 30;
Metro Development Bank Limited (METRO) is issuing Right Shares from today. The bank is offering 20:3 (15%) right shares at the face value of Rs 100 for its existing shareholders.
Pokhara based Metro Development Bank's 5th AGM held on Kartik 29, 2071 had endorsed 20:3 to its shareholders.
The closing date for the right issue has been set for Bhadra 16. NCM Merchant Banking Limited is the issue manager of this issue located at Kamal Pokhari Kathmandu.
After the issuance of the approved 15 percent right shares of the development bank, the Paid up capital will increase from the existing Rs 185.66 million to Rs 213.52 million.
The Bank had given 16% bonus share to its shareholders from the profit it made in 2070/71 FY.
The book closure date for 2, 78,504.4 kittas right issue has been set for Ashad 22. Only the shares registered one day ahead of the book closure date i.e Ashad 21 will be eligible for the right shares.
Its last traded price stood at Rs 355 as on July 29.
