KATHMANDU, Dec 23: Prime Commercial Bank Ltd has decided to distribute 19 percent bonus shares to its shareholders. Issuing a statement on Wednesday, the commercial bank said that it will distribute 19 percent bonus shares and 3:1 rights shares to its shareholders.
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The dividend and rights shares issue, however, is subject to the approval of Nepal Rastra Bank and the bank's upcoming annual general meeting. The bank said that its paid-up capital will reach Rs 5.94 billion after the bonus and rights shares are adjusted.
