Sunrise Bank & NIDC Capital separate SGM on Poush 25; to endorse acquisition process with NIDC Capital
Fri, Dec 23, 2016 2:29 PM on Latest, Featured, AGM/Special AGM, Stock Market,
Sunrise Bank Limited (SRBL) will be convening its Special General Meeting (SGM) on Poush 25, 2073. The SGM will be held at Amritbhog Caterers, Kalikasthan Kathmandu at 11: 00 AM.
Main agendas of the SGM are:
- To authorize BOD to endorse acquisition process with NIDC Capital Markets Limited.
- To appoint auditor to do Due Diligence Audit (DDA) for the purpose of acquisition process.
- To endorse Memorandum of Understanding (MOU) for the acquisition process.
- To appoint BOD members as mentioned in the final MOU agreement after the acquisition of NIDC Capital Markets Limited by Sunrise Bank.
- To approve the acquisition of the two BFIs by endorsing Due Diligence Audit (DDA) and Share Swap Ratio.
- After the completion of acquisition process to amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
- After the acquisition with NIDC Capital Market Limited, issued capital and paid up capital will increase and to amend the article of association accordingly.
- To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
- Authorized BOD to initiate acquisition process with NIDC Capital Markets by Sunrise Bank Limited.
- To appoint auditor to do Due Diligence Audit and Share Swap Ratio for the purpose of acquisition process.
- To endorse scheme of arrangement and memorandum of understanding (MOU) for the acquisition process.
