Tinau Mission Development Bank (TMDBL) to convert promoter shares

Tinau Mission Development Bank Limited (TMDBL) has decided to convert a portion of its promoter shares.

The promoter: public shareholding ratio maintained as of now is 53.34: 46.66. The development bank has now decided to convert a portion of the promoter shares and convert the shareholding ratio to 51: 49.

Promoters unwilling to convert the portion of their promoter shares can submit a self-declaration demanding to not have their shares converted. If such a declaration isn't received within 35 days from the date of this notice, it will be understood that the promoter has no objection to the company's decision.

The self-declaration demanding non-conversion can be submitted to the company's central office in Butwal-4, Palpa road, Rupandehi, or to Siddhartha Capital, the company's share registrar in Narayanchaur, Naxal, Kathmandu.

Announcement