Citizens Bank (CZBIL) Urges Investors of former Sahayogi Bikas Bank to Claim Unclaimed Dividend
Sun, Mar 7, 2021 12:37 PM on Latest, Dividend, Bonus & Rights, Merger/Acquistion,
Citizens Bank International Limited (CZBIL) has urged the shareholders of recently acquired (then) Sahayogi Bikas Bank to collect uncollected due dividends.
Citizens Bank acquired Sahayogi Bikas Bank Limited in the swap ratio of 91.75 per share. After the acquisition, it has come to Citizens Bank's attention that some investors of (former) Sahayogi Bikas Bank have yet to collect the dividend dating back more than 5 years. Thus, such investors should claim their dividends by presenting necessary documents to CBIL Capital, the company's share registrar.
If an investor fails to present the necessary documents within 35 days of this notice, their dividend will be sent to the Investors Protection Fund.