People’s Finance AGM to endorse acquisition by CZBIL on Falgun 1; Swap ratio to be 10:3
Fri, Jan 23, 2015 12:00 AM on Others,
ShareSansar, January 23:
People’s Finance Limited (PFCL) is holding its 15th, 16th, 17th and 18th annual general meeting on Falgun 1, 2071. The proposal to mandate its Board of Directors to do all the needful for its acquisition with Citizen International Bank’s by previous AGM is still valid.
The annual general meeting is going to be held at World Trade Centre at Tripureshwor in Kathmandu.
Beside acquisition, there is another agenda for approval of yearly financial statement of FY 2067/68, 2068/69, 2069/70 and 2070/71.
Earlier, the swap ratio for an acquisition with Citizen International Bank was finalized at 10:3; which means that Peoples Finance shareholders are entitled for 0.3 shares of Citizen’s Bank for each 1 share they hold in the company.
