Standard Chartered's book closure from Kartik 14; only 3 days to clinch 51.5% dividend

ShareSansar, October 27:

Standered Chartered Bank Nepal Ltd has said that its shareholder record book will remain closed from Kartik 14.

According to a notice of the bank, the book closure of the bank will begin from Kartik 14 to Mangsir 18 for the purpose of holding the annual general meeting.


The book closure decision means that the investors interested to clinch the benefit announced by the bank for the fiscal year 2070/71 will have to buy shares by Kartik 13 since the bank will only transfer the dividend to the shareholders who have their name in the record book until Kartik 14.

Since trading is not held on Friday and Wednesday is the public holiday for Chhath festival, the investors have left only two days –Monday (today), Tuesday and Thursday—to get hold of the shares of the bank.

Standard Chartered Bank has already pledged 41.5 percent cash dividend and 10 percent bonus share to its shareholders from the net profit it earned in the last fiscal year.

One of the blue chip companies of the country had posted an impressive profit rise of 13 percent in the fourth quarter of the last fiscal year 2070/71.

Its net profit reached Rs 1.38 arba in the last fiscal year, up from Rs 1.22 arba in the corresponding period of the previous fiscal year 2069/70.

Meanwhile, the bank has also said that it will convene its 28th AGM on Mangsir 18. The 323rd meeting of the board of directors of the bank held on Ashoj 28 made this decision to this effect.

The bank, in its notice, also said that it will soon publish another notice regarding the further detail of the AGM.