Tinau Mission Development Bank (TMDBL) requests investors maintained after merger to pay tax amount and get 12% bonus shares

Tinau Mission Development Bank (TMDBL) has requested investors to pay the tax amount in order to have their bonus shares deposited in their accounts.

Tinau Mission Development Bank (TMDBL) had distributed 12% bonus shares worth Rs 13.73 crore for its shareholders from the profit of FY 2075/76. The dividend was endorsed by the thirteenth AGM of the bank. The paid-up capital after adjusting the 12% bonus has reached Rs 1.27 Arba.

Since investors who purchased shares after Ashad 31, 2076 will have to manually pay the tax amount, the company has requested such investors to deposit the required tax amount in the following bank account:

Account at: Siddhartha Bank, Hattisar
Account number: 00116335283
Account name: BONUSTAX/TNBL/7576

The voucher of tax deposit should then be emailed at sujan.maharjan@siddharthacapital.com and kalpana@siddharthacapital.com. The bonus shares are already listed in NEPSE.

It is to be noted that Citizens Bank International Limited, headquartered at Narayanhiti Path, Kathmandu, has already signed a preliminary agreement on Kartik 01 to acquire Tinau Mission Development Bank. The companies have agreed to a potential swap ratio of 100:96. The final swap ratio will be determined only after the Due Diligence Agreement. If the same swap ratio is finalized, investors with 100 shares of Tinau Mission Development Bank will get 96 shares of Citizens Bank. However, as mentioned earlier, the ratio might change after DDA.

For this reason, Tinau Mission Development Bank's trading is halted at the present.

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