Citizens Bank to endorse 20% bonus share & right share 10:4

Citizens Bank International Limited (CZBIL) will be convening its 9th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Amrit Bhog, Kalikasthan, Dillibazar, Kathmandu at 11 AM.
The main agenda of the AGM are:

• To endorse 20 percent bonus share from the net profit it earned from the fiscal year 2071/72
• To endorse right share in the ratio 10:4 after bonus share is issued.
• To amend the article of association and increase the authorized capital issued capital and paid up capital.
• Authorize BOD to initiate merger or acquisition process with other financial institutions.

Other Agendas of the AGM include Financial highlights of 2071/72, to endorse the help provided to earthquake victims, To elect 5 BOD members from the promoter group (4 from section (A) and 1 from section (B1)).
Only those shareholders owning shares till Ashwin 10 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 11, 2072 till Ashwin 18, 2072 for the purpose of its upcoming 9th Annual General Meeting (AGM) whereas, a separate book closure date will be published for the right shares.
At present the paid up capital stands at 2. 55 arba. After the issuance of 20 % bonus shares, its paid up capital will reach to Rs 3.06 arba whereas after the issuance of 40 right shares its paid up capital will reach to Rs 4.29 arba.-SSN