Everest Bank distributing 10% bonus share & 50% cash dividend on ordinary shares, 7% return on preference shares, 20% converted certificates

Everest Bank Limited has formally announced distribution of 60 percent dividend for ordinary shares and 7 percent fixed return on preference shares.

It may be noted here that with this return on the preference shares, 20 percent of the preference shares have also been converted to ordinary shares for the second time.

The bank converts 20 percent of preference share to ordinary shares every three years. With this, 40 percent of the preference share has been converted.

Issuing a public notice today, the commercial bank has informed that the 10 percent bonus share and 50 percent cash dividend, and the return on the preference share along with the converted certificates can be collected from its central office at Lazimpat in Kathmandu or any of the branch offices across the country.

Those holding the preference shares must submit the original certificates of preference share for the conversion purpose.

The timing for the dividend distribution is 10 AM to 2 PM from Sunday to Thursday, and from 10 AM to 1 PM on Friday.

The Annual General Meeting of the bank held on October 9 had approved the dividends and had, in fact, started distributing cash dividend before Dashain, acting upon the request of the shareholders attending the AGM.

ANNOUNCEMENT

 

-ss (sharesansar)