SEBON approves 50% right share of Mithila & Womi Microfinance; Book Closure of Mithila Laghubitta on Shrawan 7

Securities Board of Nepal (SEBON) has given final approval to issue 2:1 (50%) right share of Mithila Laghubitta Bikas Bank Limited (MLBBL) and 2:1 right share of Womi Microfinance Bittiya Sanstha Limited (WOMI). Mithila Laghubitta has published book closure date on Nepal Stock Exchange Limited (NEPSE) today whereas Womi Microfinance is yet to announce book closure date for the right share. Mithila Laghubitta 7^th AGM held on Poush 9, 2072 had approved 50% right share i.e. 1, 69, 740 units right shares to its shareholders. As per the notice published on NEPSE, the book closure date for 50% right issue has been set for Shrawan 7, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 6, 2073 will be eligible for the right shares. Mithila Laghubitta has earned net profit of Rs. 74.62 lakh in the third quarter of the current fiscal year. The paid up capital of the bank stands at Rs 3.39 crore. After the issuance of 50 percent right share, the paid up capital will stand at Rs 5.085 crore. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Its last traded price stood at Rs 2,510 as on July 12, 2016. Similarly, Womi Microfinance Bittiya Sanstha Limited (WOMI) has got approval to issue 1, 80,000 units right share at Rs 100 to its existing shareholders. Siddhartha Capital Limited has been assigned as the issue manager for this right share issue. Womi Microfinance has earned net profit of Rs 1.48 crore in the third quarter of the fiscal year 2072/73. The paid up capital of the bank remains at Rs 3.6 crore. After the issuance of 50 percent right share, the paid up capital will reach at Rs 5.4 crore. Its last traded price stood at Rs 3,150 as on July 12, 2016.