NMB Bank to convene SGM on Shrawan 28 to endorse merger agenda with OM Dev. Bank; Bank to work as a stock broker
Sun, Jul 28, 2019 6:48 AM on AGM/Special AGM, Book Closure, Latest,
The 387th BOD meeting of NMB Bank Limited (NMB) has decided to convene its special general meeting (SGM) on 28th Shrawan, 2076 (13th August, 2019) at Administrative Staff College, Jawalakhel, Kathmandu from 10:30 AM onward.
The agenda of the SGM includes finalization of merger process with OM Development Bank Limited (ODBL). The SGM will also be endorsing the Due Diligence Audit and Share Swap Ratio.
After the successful merger, the banks authorized, issued and paid up capital will be amended accordingly in MOA and AOA.
And other agendas include to make an amendment in the MoA with the inclusion of subsidiary company for working as a stock broker.
Since the stock trading of the company is halted since Jestha 3, 2076 due to merger process with OM Development Bank so the investors holding shares till Jestha 3 and recorded on company book till Shrawan 20, 2076 will be eligible to attend the SGM of the company.
