Kathmandu. NMB Bank has convened its 30th Annual General Meeting (AGM).
The meeting of the Board of Directors of the bank has decided to hold the AGM on January 9. The assembly will begin at 10:00 am at the Tribhuvan Army Officers’ Club in Tundikhel, Kathmandu.
The meeting held the last fiscal year 2081. The meeting will endorse a proposal of distributing 10 percent dividend of the current paid-up capital for the current fiscal year. This includes 5% bonus shares and 5% cash dividend.
The meeting will endorse a special proposal to amend the Memorandum of Association and Articles of Association accordingly as the existing issued and paid-up capital will increase after the distribution of bonus shares. The meeting will also endorse another special proposal authorizing the Board of Directors to incorporate the suggestions, suggestions and directives received from the regulatory bodies while amending the Memorandum of Association and Regulations.
The meeting will approve the annual report of the last fiscal year and also approve the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
The bank has decided to close its book on December 22 for the purpose of dividend and AGM. This means that only the shareholders who have remained in the bank as of December 8 will be eligible to receive the dividend and participate in the meeting.
