Sahayogi Vikas Bank to convene AGM on Chaitra 10; Major agenda include approval of 18.72% cash dividend and swap ratio of 1:0.9175 with Citizens Bank

Sahayogi Vikas Bank Limited ( SBBLJ ) will be convening its 16th AGM on Chaitra 10, 2076 Monday at Hotel Manik International from 1 PM.

The 294th Board Meeting held on Falgun 17, 2076 has decided on the following agendas for the meeting:

• Approval of the annual report to be presented by the Chairman on behalf of the BOD.
• Approval of the audited financial reports of FY 2075/76.
• Approval of 18.7295% cash dividend worth Rs 9.54 crore including tax amount.
• Appointment of auditor for FY 2076/77 and determination of the remuneration.
• The company will not be electing new BOD as it is in the process of being acquired by Citizens Bank International (CZBIL).
• Approval of the Due Diligence Audit and share swap ratio of 1:0.9175. For every 100 unit shares of SBBLJ, the shareholders will receive 91.75 units if CZBIL shares.

The trading of SBBLJ has been halted from Ashad 23, 2076 in NEPSE due to the acquisition process. Therefore, shareholders maintained on the books on Falgun 28, 2076 will be eligible to participate in AGM and claim the cash dividend.

Announcement