Standard Chartered to hold AGM on Dec.9

KATHMANDU, NOVEMBER 19 : Standard Chartered Bank Limited will hold its Annual General Meeting (AGM) on December 9. During the meeting, the bank’s Board of Directors will propose a 6.50 percent dividend for approval.

The proposal includes the issuance of 6.50 percent bonus shares and a 19 percent cash dividend (inclusive of tax), bringing the total dividend distribution to 25.50 percent.

Additionally, the AGM will authorize the Board to amend the bank’s memorandum and articles of association, appoint auditors, and approve other related matters. For the purpose of the AGM and dividend distribution, the bank will close its books on December 19 for one day. Shareholders who hold shares as of December 18 will be eligible to attend the AGM and receive the proposed dividend.