Metro’s 16% stock dividend payable only to buyers as of today; 15% rights issue on card
Thu, Oct 30, 2014 12:00 AM on Book Closure,
ShareSansar, October 30:
As Metro Development Bank Ltd has announced its book closure from tomorrow, investors buying its shares until today will only be included in the shareholders book of the development bank.
This means those buyers getting hold of shares till today will only be payable of the bank's dividend that it has announced from the profit of last fiscal year.
Kaski-based development bank has already pledged 16 percent bonus shares plus 0.84 percent cash dividend to its shareholders for the tax purpose from the net profit of last fiscal year 2070/71.
The bank has achieved a net profit of Rs 3.46 crore in the last fiscal year.
The bank is convening its 5th AGM on Kartik 29 at The Fulbari Resort and Spa in Pokhara.
The AGM is supposed to approve the pledged dividend.
Likewise, the development bank is also going to issue 15 percent of rights shares to its shareholders in the total capital of Rs 18.57 crore which is maintained after the adjustment of 16 percent bonus shares. The AGM is scheduled to approve the rights issue.
