Excel Development Bank Limited (EDBL) announces 12% bonus and 30% rights shares

Sep Wed 2021 09:43:10

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Excel Development Bank Limited (EDBL) announces 12% bonus and 30% rights shares

Kathmandu,  Excel Development Bank Limited (EDBL) is going to close the book filing on 12 September for 12% bonus and 30% rights shares.

As recommended by the Board of Directors, 12% bonus shares of the paid up share capital and 0.63% cash dividend will be distributed for tax purposes on the said bonus shares.

Similarly, the bank had decided to distribute 30% of the paid up capital from the 14th annual general meeting. For the sponsorship of the general meeting, the company is going to close the filing and rejection of shares from October 26 to October 30. A meeting of the Board of Directors held on September 7 has decided on the book-closing date. Only existing shareholders will be able to take dividend of Excel Development, participate in the annual general meeting and apply for the right shares by trading till 31st Bhadra 2078 BS.