Nepal Bank 58th AGM on Falgun 25; endorsing decision to issue 1.76 crore unit FPO shares

Nepal Bank Limited (NBL) will be convening its 58^th Annual General Meeting (AGM) on Falgun 25, 2074. The AGM is going to be held at Nepal APF Club, Halchowk, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To issue 1.76 crore unit Further Public Offering (FPO) shares to the general public to main the capital structure of public-promoter in the ratio of 51:49.
• To give authority to the Board of Directors (BOD) to issue FPO shares and required process.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Falgun 9 to Falgun 25, 2074. Thus, only those shareholders holding their shares till Falgun 8, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. NBL had not announced any dividend from the net profit of FY 2073/74. It had earned Rs 1.63 arba in the second quarter of the FY 2074/75.