Himalayan Bank Calls 30th AGM on 28th Poush to Endorse Dividend and Merger-Related Agendas
Thu, Dec 22, 2022 12:50 PM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Himalayan Bank Limited (HBL) has called its 30th AGM on 28th Poush, 2079. The meeting will be held in the Hotel Soaltee, Soltimode, Kathmandu, starting at 11 am that day.
Among the other agendas, the AGM will endorse a 19.11% dividend for FY 2078/79. The 427th board of directors meeting on Poush 05 decided to distribute the dividend on the paid-up capital. 11.11% bonus shares and 8% cash dividends have been proposed. There is also an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2079/80.
Furthermore, the AGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Memorandum of Understanding, and Scheme of Arrangement and endorse a share swap ratio of 100: 80.28 for the merger between HBL and Civil Bank Limited (CBL). The meeting will also pass an agenda regarding the amendment of the Articles of Association.
The book closure date is from Poush 18 to Poush 28. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
