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Everest Bank Declares Whopping Bonus Share and Right Share

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Everest Bank Declares Whopping Bonus Share and Right Share
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November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after distributing of bonus share to its existing shareholders. Both the proposals are subjected to the approval from NRB and upcoming AGM of the bank.


Presently, the bank has paid-up of Rs 2.75 billion. After distribution of 70 per cent bonus share, the paid-up capital of the bank will reach Rs 4.67 billion. As per the capital plan and decision made by the 274th BOD, if the bank issues 3:1 right shares, the paid-up capital of the bank will reach Rs 6.24 billion. 

 

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