Prabhu Bank distributing new share certificates to Prabhu Bank and Grand Bank shareholders from today

Prabhu Bank Limited is distributing share certificates to the shareholders of Prabhu Bank Limited holding shares of the Bank prior to merger from today (Poush 18, 2073). The bank had distributed share certificates to former Grand Bank Nepal Limited from Poush 13, 2073 to till Poush 17, 2073. The shareholders of Prabhu Bank will get 21.45 units premium shares for every 100 shares of Prabhu Bank they hold. Shareholders of former Grand Bank will get 65.58 units shares of Prabhu Bank for every 100 shares of Grand Bank they hold. The share certificates will be distributed at the bank’s share registrar Prabhu Capital Limited, Kamaladi, Kathmandu as per the given schedule:   Notes:

• Shareholders having shares of Prabhu Bank before the merger process should bring photocopy of Prabhu Bank certificates and photocopy of citizenship certificate for collecting premium share certificate.
• Shareholders having shares of former Grand Bank Nepal should bring original share certificates of Grand Bank and photocopy of citizenship certificate.
• Letter of authorization is needed if the shareholders cannot collect the certificates on their own. In case for collecting share certificates of Prabhu Bank, photocopy of share certificates, identity card is must whereas for former Grand Bank shareholders, original certificate, photocopy of citizenship certificate and identity card is mandatory.