Mission Development to hold its 5th AGM today; bonus and right in offing

Thu, Jan 8, 2015 12:00 AM on AGM/Special AGM,

ShareSansar, January 8:

Mission Development Bank Limited is convening its 5th annual general meeting (AGM) today. The AGM is schedule to starts at 11:00 AM at Siddhartha Cottage Restaurant, Butwal, Rupandehi.

It has already proposed 15 percent bonus share to its shareholders from the profit it earned in the last fiscal year 2070/71.The decision, however, is subject to the approval of Bank’s AGM.

The major agendas for the AGM are approval of financial statement of FY 2070/71, appointment of auditors, merger and approval of dividend declared by the BOD.

Other agendas include the approval for the issue of 2:1 right share.