NB Bank AGM today to approve 10% bonus share, 7.89% cash, elect directors

ShareSansar, July 20:

Nepal Bangladesh Bank Limited is holding its deferred Annual General Meeting today.
 
As the bank officials had been repeatedly stating, the AGM will endorse 10 percent bonus shares and 7.89 percent cash dividend it had pledged before the initially scheduled AGM was put off owing to share ownership row earlier this year.
 
The AGM being held at the City Hall of Kathmandu is electing three public directors besides appointing four advisors to represent the promoters, and also endorsing a special proposal either to mandate the bank’s Board of Director or a special panel to explore the possibility of merger with other BFIs.

The bank has already announced the book closure for the bonus shares and dividend from June 29. It means that only those who already hold the bank’s shares by June 28 will be entitled to the dividends.
 
In the first week of May NB Bank had applied with NEPSE to hold its deferred Annual General Meeting at the earliest.

The share transfer row ended after NEPSE asked the concerned brokers to start transferring shares from Nirmal Pradhan and party as compensation to the shareholders who have been victimized in the process as he agreed to compensate the victims.