Prime Bank holding Special Meeting today; 19% promoter shares to convert into ordinary

ShareSansar, November 5:

Prime Commercial Bank is holding it's special general meeting  today.

According to a notice published by the bank, the 223rd meeting of the board of directors (BoD) held on Sunday decided to convene the special AGM at Amrapali Banquet, Baluwatar.
 
The special general meeting is likely to make decision on the conversion of promoter shares into ordinary shares.

If the proposal of conversion is endorsed from the special meeting; the promoter shares to ordinary shares ratio of the bank will stand at 51:49 percent.

The current promoter-public shareholder structure of the bank is 70: 30 ratios.