For the Purpose of Joint Integrated Transaction, Share Trading of SKBBL and RMDC To be Halted from Ashad 24

The final procedure for a merger between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC) has been recently completed. Hence, as per Section 9 (2) of the Merger and Acquisition Directive 2079, Act, the Nepal Stock Exchange (NEPSE) has issued a circular regarding the suspension of share transaction of the company for 15 days from Ashad 24 in accordance with Section 9 (3) of the Directory 2079.

SKBBL and RMDC had signed a merger deal at a swap ratio of 1:0.87. As a result, investors who now own 100 shares of RMDC Microfinance would receive 87 shares of the merged company. According to the merger agreement, "Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger. The companies will start the joint business on Ashad 24.

The current paid-up capital of SKBBL is Rs. 1.97 Arba and that of RMDC is Rs. 1.56 Arba. The total paid-up capital will reach Rs. 3.33 Arba after the merger. The companies signed the Memorandum of Understanding (MoU) on Bhadra 31, 2079.