Nepal Investment Bank (NIB) to Distribute 13% Bonus Shares on Demat Accounts; Shares Are Already Listed in NEPSE

Sun, Apr 25, 2021 11:41 AM on Latest, Dividend, Bonus & Rights,

Nepal Investment Bank Limited (NIB) has made the provision to distribute 13% bonus shares directly to Demat accounts of its shareholders.

Nepal Investment Bank Limited (NIBL) held its 34th Annual General Meeting (AGM) for the fiscal year 2076-77 on 21st January 2021 at its head office, Durbar Marg, Kathmandu. Chaired by the bank chairman Mr. Prithivi Bahadur Pandé, the shareholders were informed in the meeting of the bank’s decision to distribute 18.5% total dividend; 13% bonus shares, and 5.5% cash dividend, on its total paid-up capital.

The same 13% bonus shares are already listed in NEPSE. Investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.