SMATA Announces Changes to Share Structure: What Investors Need to Know
Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has issued a notice regarding a significant change to its shareholding structure. The promoter-public share conversion ratio is being adjusted following approval from Nepal Rastra Bank.
Previously, the share distribution was 63.87% promoter shares and 36.13% public shares. This is now being revised to 59.11% promoter shares and 40.89% public shares. This adjustment impacts the overall share allocation of the company.
Currently, SMATA has 6,290,516 units of shares listed on the NEPSE (Nepal Stock Exchange). The existing structure consisted of 4,017,753 units held by promoters and 2,272,763 units held by the public. Post-conversion, there will be 3,718,324 promoter shares and 2,572,192 public shares. Investors should carefully consider this restructuring and its potential impact on their investment portfolio.
The company urges promoter shareholders who wish to maintain their current shareholding under the new structure to notify the company’s head office within 35 days from the date of the notice publication. This is a crucial step for promoter shareholders to ensure their investment aligns with the updated share distribution.
On the stock market, SMATA’s share price closed at Rs. 829.90. Investors should monitor the stock performance and any further announcements related to this share conversion. This development represents a key change in the company’s ownership and could influence future investment decisions.
