Pacific Dev. Bank to approve 22.10% stock dividend; 8th AGM today
Tue, Dec 13, 2016 9:57 AM on Latest, Dividend, Bonus & Rights, Featured, AGM/Special AGM, Stock Market,
Pacific Development Bank Limited (PADBL) is convening its 8th Annual General Meeting (AGM) today (Mangsir 28, 2073). The AGM is being held at Gateway Himalayan Resort, Besisahar, Lamjung at 1:00 PM.
Main agendas of the AGM are:
- To endorse 22.10 percent bonus share from the net profit it earned from the fiscal year 2072/73.
- After issuance of bonus share its issued and paid up capital up will increase to Rs 13.29 crore and amend article of association accordingly.
- To approve the Share Swap Ratio fixed as per Due Diligence Audit report for the acquisition process of Pacific Development Bank by Global IME Bank Limited.
- To provide final approval for the acquisition of Pacific Development Bank by Global IME Bank.
- To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
