Shares of Civil Laghubitta (CLBSL) Now Released from Trading Halt; NEPSE Frees Penalty After Company's Clarification

Mon, Jan 18, 2021 11:54 AM on Latest, Dividend, Bonus & Rights,

NEPSE has now reopened the trading of shares of Civil Laghubitta Bittiya Sanstha Limited (CLBSL). The shares of CLBSL were halted for trading because of the company publishing the dividend announcement in market hours. Any announcement that has the potential to affect stock prices can not be published in market hours.

The company had proposed a 3.68% dividend for the fiscal year 2076/77.

The 162nd meeting of the board of directors held on Poush 27 had decided to distribute 3.5% bonus shares and 0.18421% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 23,39,33,700, the bonus shares are worth Rs. 81,87,679.50 and the cash dividend is worth Rs. 4,30,930.50. The aforementioned paid-up capital is obtained after adding the recently issued right shares to the company's paid-up maintained as of Ashad's end, 2077.

CLBSL has provided a clarification explaining that the internet issue caused the news to be published later though it was already uploaded earlier. After the company assured timely publishing of news in the future, the shares are now allowed for trading by NEPSE's decision on Magh 05.