Kathmandu. Machhapuchhre Bank has convened its annual general meeting.

The bank has called the meeting to pass the dividend proposed to be paid to the shareholders from the profits of the last fiscal year. The bank has convened its 27th Annual General Meeting (AGM) for September 15. The meeting will be held at Hotel Pokhara Grand, Pokhara and Kaski. The meeting will begin at 11 am.

The bank will approve 4 percent bonus shares and 4 percent cash dividend along with taxes. Shareholders will get it after the assembly approves it. The bank, which has convened the meeting, has said that it will close the book for a day on September 15. The shareholders who have remained in office till September 15 will get the dividend fixed by the company.

The bank said it would issue 8.25 per cent of machhapuchhre unsolved unsecured preferential preferential shares worth Rs 3 billion at the rate of Rs 100 per share, authorize the board of directors to amend the management letter and regulations and appoint an auditor.