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Sanima Bank to Issue 2:1 Right Shares

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Sanima Bank to Issue 2:1 Right Shares
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June 2: Sanima Bank is issuing right shares in proportion of 2:1 from June 16 to 19 July for its existing shareholders. The bank is issuing 15.3 million units of shares priced at Rs 100. The existing shareholders can buy a share at Rs 100 per unit that cost Rs 923 in the secondary market.

According to the bank, the shareowners and the share investors who purchase the bank’s share till June 6 can apply for the right shares. Interested shareholders can submit the purchase application from Nabil Investment Banking and  all the branches of  Sanima Bank.

Meanwhile, the paid-up capital of the bank will totalled Rs 4.59 billion after the right share issuance. In order to meet the required paid-up capital as per NRB directive, the bank is planning to issue 40 percent right shares and 12 percent bonus shares in upcoming FY. The bank has planned to re-issue bonus shares to meet the remaining paid-up capital.

Additionally, the bank predicts to earn Rs 861.3 million profit in the current FY. It has expected EPS to reach Rs 18.86 and net worth per share 126 times.  Similarly, the bank has earned net profit of Rs 670.4 million in the third quarter of current FY. Operating profit and net interest income of the bank has increased by 55.95 percent and 47 percent. Moreover, the bank has been able to recover Rs 16.9 million bad debt of the last FY.

 

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sajana

I had misplaced my shares due to earth quake now I could find them can apply for right share 2:1