Everest Bank Share Price Adjusted by Nepal Stock Exchange (NEPSE) After Bonus Share Announcement
The Nepal Stock Exchange (NEPSE) has adjusted the share price of Everest Bank Limited following the announcement of its dividend distribution and the closing of its book for the Annual General Meeting (AGM). This adjustment affects investors looking at the stock market.
NEPSE adjusted the share price to reflect the 6% bonus share that the bank is issuing. After this adjustment, the opening share price for Everest Bank is NPR 676.42. NEPSE calculates this adjusted price based on the last trading day’s closing price. On Thursday, the previous trading day, Everest Bank closed at NPR 717 per share. This is crucial information for stock traders.
This adjusted price will serve as the base for trading when the stock market opens on Sunday. Everest Bank has scheduled its 31st Annual General Meeting (AGM) for Wednesday, Kartik 12th, at Amrapali Banquet, Bhatbhateni, Kathmandu. Shareholders should take note of this date.
The AGM’s key agenda includes approving the distribution of a 6% bonus share from the existing paid-up capital, along with a 14% cash dividend (including the amount for tax purposes). This is a significant factor for shareholder value. The meeting will also address amendments to the Memorandum and Articles of Association, the appointment of auditors, and other important resolutions. This information is vital for anyone involved in stock investment and financial planning related to banking stocks.
