NMB Bank Calls 31st AGM; Shareholders Eligible for 7% Cash Dividend Announced
NMB Bank has announced its 31st Annual General Meeting (AGM) for Mangsir 25, 2083, to approve a proposed 7% cash dividend for ordinary shareholders and 8.25% for preference shareholders.
NMB Bank Limited has announced its 31st Annual General Meeting (AGM), scheduled to take place on Mangsir 25, 2083. A meeting of the bank's Board of Directors decided to convene the AGM to approve the dividend proposed for the fiscal year 2082/83.
The bank has proposed a 7% cash dividend, including tax, for ordinary shareholders based on its current paid-up capital of Rs 19.28 billion. Similarly, preference shareholders will receive an 8.25% cash dividend, including tax.
The AGM will also review and approve the bank's annual report and auditor's report for the previous fiscal year. Additionally, shareholders will discuss the appointment of an auditor for the current fiscal year 2083/84 and determine the auditor's remuneration.
For the purpose of the dividend distribution and AGM, NMB Bank has announced Mangsir 11, 2083, as the book closure date. Therefore, shareholders holding the bank's shares before the book closure date will be eligible to receive the proposed dividend and participate in the AGM.