Nepal Bank Calls AGM on Poush 29, When's the Book Closure for the 12% Dividend?

From the 17th meeting held on Wednesday of the board of directors of Nepal Bank Limited (NBL), it has been decided to hold the 63rd annual general meeting of the bank on the following date, place and time to discuss and decide on the following matters, in accordance with section 67 of the Companies Act, 2063.

• Date: Poush 29, 2079
• Location Bank Head Office, Dharmapath, Kathmandu
• Time: 11:00 AM

Topics of discussion:

• To approve the proposition to distribute the dividend on the paid-up capital of Rs. 14.40 Arba. 2% bonus shares worth Rs 28.81 Crore and 10% cash dividend (including bonus shares tax purposes) worth Rs 1.44 Arba.
• To discuss and approve the annual report of the Board of Directors for 2078/79.
• To appoint an auditor for the year 2079/80 and to determine his remuneration.
• Others

Poush 14 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

As of writing, NBL has an LTP of Rs 266.50.