Global IME Bank Limited (GBIME) has made headlines by listing a significant number of bonus shares on the Nepal Stock Exchange (NEPSE). The move follows the bank’s 17th Annual General Meeting (AGM) held on 28th Mangsir, 2080, where shareholders approved a 9% dividend for the fiscal year 2079/80.
During the board’s 429th meeting on Kartik 19, it was decided to distribute the dividend based on the bank’s paid-up capital of Rs. 35.77 Arba. The proposed distribution includes 1% bonus shares and an 8% cash dividend (inclusive of tax).
Investors and stakeholders eagerly awaited the listing of the bonus shares on NEPSE, marking a significant development in GBIME’s financial landscape. The move is expected to further enhance shareholder value and investor confidence in the bank’s performance.
GBIME’s closing price yesterday at Rs. 174 underscores the positive sentiment surrounding the bank’s financial prospects and dividend distribution.