Wean Nepal Laghubitta (WNLB) Calls AGM to Endorse 9.83% Dividend and Discuss FPO Issuance

Sun, May 15, 2022 11:36 AM on Latest, IPO/FPO News, AGM/Special AGM,

Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has called its 7th AGM on Jestha 20, 2079. The meeting will be held in Shree Indrawati Samudayik Sewa Kendra, Fataksila-8, Sindhupalchowk, starting at 11 am that day.

Among other agendas, the AGM will endorse the 9.83% dividend for the fiscal year 2077/78. The 10th meeting of the board of directors held on Baisakh 29 has decided to distribute 9.33% bonus shares and 0.5% cash dividend from the paid-up capital. This AGM will also elect 4 board members from the promoters and 2 from the public shareholders.

Furthermore, the AGM will also discuss issuing the Further Public Offering (FPO) to the general public. The company intends to convert the shareholding structure to 70:30.

As of writing, WNLB has an LTP of Rs. 1,217.

 

Notice