Prime Bank AGM approved 19% bonus; No right issue this time

Sharesansar, January 14:

The 7th annual general meeting (AGM) of Prime Commercial Bank Limited (PCBL) held on Tuesday has approved the proposal to distribute 19 percent bonus shares and 1 percent cash dividend for the tax purpose to its shareholders.

The meeting also approved the agendas to increase the authorized capital to Rs 5 billion.

The AGM unanimously elected Rajendra Das Shrestha, Narendra Bajracharya, Umesh Shrestha and Shyam Bahadur Shrestha as board of directors (BoD) .Likewise, Uttam Narayan Shrestha and Uday  Mohan Shrestha were unanimously selected board of directors from public shareholders.

Talking to sharesasar today, company secretary of Prime Bank-Santosh Baral clarifies that the bank is not issuing any right share to its shareholders in near future. Even there was no any such agenda in the bank annual general meeting held yesterday.