IPO Coming Citizen Stock Dealer Company
Citizen Stock Dealer Company has called a general meeting with a special proposal for IPO issue. The Board of Directors meeting held on Friday, December 8 has decided to hold the second general meeting of the company atCitizen Investment Fund Building, New Baneshwor, Kathmandu from 3:30 pm on December 8.
The meeting will issue a special resolution after the approval of the regulatory body to issue 15 million shares equal to Rs. IPO) will be passed.
Meetings Discussion on the report of the Board of Directors of 2077/078 Auditor’s report regarding the appointment of external auditor for the fiscal year 2078/079 and fixing his / her remuneration.
The Board of Directors will discuss and approve the nomination and election of the directors from the founding group and the approval and determination of the remuneration, allowances and benefits of the directors. Arthasansara has written.
Today is the last day to secure the dividend of Lumbini Development Bank :
Today (December 10) is the last day to secure the dividend of Lumbini Development Bank Limited (LBBL).The bank is closing the book tomorrow for the purpose of general meeting and dividend distribution. Accordingly, the existing shareholders who have traded in Nepse till today will be able to participate in the general meeting of the bank and receive the dividend distributed by the bank.
The bank had announced to distribute bonus shares and cash dividend of 0.68 percent at the rate of 13 percent of the existing paid up capital. The bank has convened its fourteenth annual general meeting on January 26 at its central office, Dilli Bazaar, Kathmandu to pass the same resolution. The meeting will be conducted from 11:15 am through zoom meeting.
The meeting shall pass resolutions including giving authority to the Board of Directors to carry out all the work related to merger / acquisition or acquisition in any other bank and financial institution and to amend the management letter and rules, appointment of auditor.
Share price adjustment of Nerude Microfinance:
The share price of Nerude Microfinance Financial Institution Limited (NLBBL) has been adjusted on the Nepal Stock Exchange (NEPSE) on Sunday.Nepse has set a new price by adjusting the share price after microfinance book closed for the purpose of general meeting and dividend distribution. Nepse has adjusted 21.49 percent bonus shares of microfinance. After the adjustment, the share price of microfinance has stood at Rs 1,041.18.
Nepse has adjusted the share price of microfinance based on the last price of the previous trading day. On the previous trading day, that is, last Thursday, the last trading was at Rs 1,264.90 per share.
The 15th Annual General Meeting of Industry Association Morang was convened on Saturday, December 26 at the meeting hall of Industry Association Morang, Biratnagar to pass a resolution proposing to distribute 21.49 percent bonus shares and 1.13 percent cash dividend for tax purposes. The meeting will start at 11 am.
The meeting will also pass a resolution authorizing the board of directors to carry out all work related to mergers or acquisitions with other suitable financial institutions and to elect two directors on behalf of the general shareholders.
Similarly, last Friday, Nepse had adjusted the share price of Laxmi Bank, Samata Gharelu Microfinance and Narayani Development Bank. Laxmi Bank and Samata Gharelu had book-closed the general meeting and dividend distribution and Narayani had book-closed for the purpose of rightful eviction. Nepse had fixed the new price by adjusting the share price.
Nepse had adjusted 8 percent bonus of Laxmi Bank, 20 percent bonus of Samata Ghareli and 100 percent of Narayani’s shares. After the adjustment, Laxmi Bank’s share price stood at Rs 270.37, while Samata Ghareli’s stood at Rs 1,125.83 and Narayani’s at Rs 478.
Nepse has adjusted the share price of these companies based on the last price of the previous trading day. Shares of Laxmi Bank were traded at Rs 292 per share, Samata Ghareli at Rs 1,351 and Narayani at Rs 856 on Thursday.
Shares of these companies will be traded today based on this adjusted price.