Due to Final Merger Procedure With Bank of Kathmandu, Share Trading of Global IME Bank Limited To be Halted for 15 Days from Poush 25

According to the decision of the meeting held on Poush 20, the share trading of " Global IME Bank Limited" will be halted to for 15 days from the date of commencement of integrated financial transactions.

Final approval in relation to the merger of Global IME Bank Limited (GBIME) and Bank of Kathmandu Limited (BOKL) has been completed. The company had signed a merger deal at a swap ratio of 1:1.

"Global IME Bank Limited" has been agreed upon as the name of the new bank that will be formed as a result of the merger. The bank signed the Memorandum of Understanding (MoU) on 2nd Ashad, 2079.

Likewise, in accordance with the letter from Nepal Rastra Bank and the Office of the Registrar of Companies, the merger has also gained final permission.

Additionally, Global IME Bank and Bank of Kathmandu have halted all banking services from Poush 22 to Poush 24 in order to migrate data in preparation for the start of the joint business of the two institutions on Poush 25.

As per the guidelines for amalgamation and acquisition of companies that have registered securities issued by the Securities Board (SEBON), the share trading of the company shall be suspended for 15 (fifteen) days from the date of commencement of the integrated financial transactions (i.e Poush 25) for the purpose of matching the shares of the target institution, re-registration of securities, dematerialization, and listing of securities.