Kathmandu. Green Development Bank has called for its 12th Annual General Meeting.
The bank’s board of directors has decided to hold the annual general meeting on Chaitra 27. The meeting will begin at 11 am at Hotel Peace Palace, Harishankar Road, Baglung Municipality-7.
The meeting will approve a total dividend of 6.05 percent of the current paid-up capital proposed for the last fiscal year 2080.81. This includes 5.75 percent bonus shares and 0.3027 percent cash dividend for tax purposes.
The meeting will pass a special resolution to amend the Articles of Association and Memorandum of Association accordingly after the distribution of bonus shares. The meeting will also approve a special proposal to issue right shares worth Rs. 637.13 thousand 200, which will be a total of 1.1071 ratio or 110.71 percent of the paid-up capital of Rs. 569.698 thousand 500 remaining after the distribution of bonus shares.
The meeting will pass a proposal to amend the bank’s memorandum of association and regulations after the issuance of bonus shares and right shares. The meeting will elect 2 directors from the general public to represent the board of directors.
The meeting will approve the annual and auditor’s reports for the previous fiscal year. The meeting will pass the resolution regarding the appointment of the auditor for the current fiscal year and the determination of his remuneration.
The bank has decided to close its books on Chaitra 15 for the purpose of dividend and annual general meeting. This means that only the shareholders who held shares before Chaitra 15 will be eligible to receive the company’s dividend.
