NMB Bank to distribute 15% bonus shares; Allottees of the ongoing FPO issue are also eligible to receive the bonus shares
Wed, Jul 11, 2018 5:28 AM on Dividend, Bonus & Rights, Latest, Stock Market,
NMB Bank Limited (NMB) is set to distribute 15% bonus shares for its shareholders from the net profit of FY 2073/74.
As per the notice published in NEPSE, the current capital of the bank stands at Rs 6.46 arba which will rise to Rs 7.60 arba after the adjustment of the issued FPO worth Rs 1.14 arba. The shareholders holding the FPO (ongoing issue) of the company are also eligible to receive the bonus shares.
After the issue of 15% bonus shares worth Rs 1.14 arba, the paid up capital of the bank will reach Rs 8.74 arba.
The distribution of bonus shares is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank.
