Civil Bank announces 2.88 percent bonus shares

Published On: May 20, 2017 12:59 PM NPT


Civil Bank announces 2.88 percent bonus shares

KATHMANDU, May 20: The 6th annual general meeting (AGM) of Civil Bank Ltd has decided to distribute 2.88 percent bonus shares and 0.15 percent cash dividend (for tax purpose) to its shareholders from the profit earned in the Fiscal Year 2015/16.

Issuing a statement, the bank said the AGM also approved the share swap ratio for acquisition of Unique Finance Ltd and Hama Merchant Finance Ltd.

“The share swap ratio with Unique Finance Ltd has been fixed at 1:0.90, while the ratio is 1:0.89 for Hama Merchant and Finance Ltd,” the bank said in a statement. The statement further added that the AGM also approved 40 percent rights issue. It also gave the Board of Directors the authority to take all decisions related to rights issue. 

 

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