Nabil Bank Limited has announced its 42nd Annual General Meeting to approve the proposed 15.80 percent dividend for its shareholders.
Nabil Bank Limited has proposed to distributing 5 percent bonus shares and 10.80 percent cash dividend to its ordinary shareholders. To approve this decision, bank will hold its 42nd Annual General Meeting on Ashwin 22, Thursday. The meeting will start at 9:30 AM at Tribhuvan Army Officers Club, Bhadrakali, Kathmandu.
Details of the Proposed Dividend
For the 5 percent bonus shares, the bank has proposed Rs 1 arba 35 crore 28 lakh 49 thousand 836 and 46 paisa. Similarly, for the 10.80 percent cash dividend, the proposed amount is Rs 2 arba 92 crore 21 lakh 55 thousand 646 and 76 paisa. This cash dividend amount also includes tax required for both bonus and cash dividends.
Additionally, the bank has proposed to distribute 8 percent cash dividend of the paid-up capital to its 8 percent Non-Redeemable Non-Cumulative Preference Shareholders. This amount equals Rs 23 crore 34 lakh 24 thousand 657 and 53 paisa.
Other Agendas of the AGM
During meeting, the bank will also discuss about increasing its authorized capital to Rs 34 arba. Other agendas include electing three directors from the promoter group, and giving authority to the Board of Directors to go for merger, acquisition, or foreign strategic partnership with other banks and financial institutions.
Book Closure Date
For the purpose of dividend distribution and AGM, the bank is closing its shareholder registration book on Ashwin 14 for one day. This means only shareholders who hold shares until Ashwin 13 will be eligible to get the proposed dividend and participate in the annual general meeting.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
