Kathmandu. Green Development Bank Limited has convened its twelfth annual general meeting. As per the decision of the company’s board of directors held on Chaitra 6, the meeting has been called to be held on Chaitra 27 at 11 am at Hotel Peace Palace, Baglung.
The meeting will present a proposal to distribute 5.75 percent bonus shares and 0.3027 percent cash dividend (including tax) of the current paid-up capital.
The meeting will identify suitable banks and financial institutions for the merger, carry out all necessary work, and amend the memorandum of association and regulations.
The meeting will propose to authorize the board of directors.
After the meeting, the company will have 637 million 13 thousand The company has informed through a notice that it has decided to elect two directors and increase communication expenses in the meeting.
Also, the bank has decided to close its books for one day on Chaitra 15 for the purpose of the meeting and dividend distribution. Accordingly, only shareholders who have held shares till Chaitra 14 will be able to participate in the meeting and receive dividends.
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