Everest Bank SGM on Baisakh 20; to authorize BOD for merger/acquisition & convert promoter shares to public
Mon, Apr 17, 2017 10:28 AM on Latest, Featured, AGM/Special AGM, Book Closure, Stock Market,
Everest Bank Limited (EBL) is going to conducts its Special General Meeting (SGM) on Baisakh 20, 2074. The SGM is going to be held at Lainchaur Banquet, Lainchaur, Kathmandu at 11:00 AM.
The main agendas of the SGM are:
- To provide authority to BOD for merger/acquisition with suitable banks and financial institutions (BFIs)
- To dilute promoter shares to 51% by converting them to ordinary shares after approval from Nepal Rastra Bank (NRB) and make necessary amendments in its Article of Association (AOA)
- To add a clause in its Memorandum of Association (MOA) regarding transfer of right for right shares
- To add a clause in its MOA regarding allowance for directors