Ebl Appreciates Investor’s ConfidenceJuly 12, 2007
The “7% Convertible Preference Share” of Rs. 100/- each with premium of Rs 100-/ each issued by Everest Bank Ltd. since 2064.03.20 has been closed from 2064.03.26. The Preference Share is to be converted into ordinary Share on each third year i.e. 3rd, 6th, 9th, 12th and 15th @ 20%.
The Bank issued a total of 20.00 lacs shares worth Rs 40.00 crores @ Rs. 200/- each. Of the total share issued, the existing shareholders of the bank are entitled to get preference on allotment to the extent of 18, 90,000 shares whereas the remaining 110,000 shares was offered to the general public. Though the total shares issued were Rs 20.00 lacs million, total value of Rs. 40.00 Crores the bank received an overwhelming response by receiving the subscription for shares of more than 100.00 crores.
Everest Bank Limited family express its’ sincere gratitude for the tremendous response, unstinting support and kind co-operation it received from the Shareholders, other Investors and well wishers.
The EBL family would also like to express its sincere gratitude for the unstinting support and kind co-operation received from Securities Board of Nepal, Nepal Rastra Bank, Citizen Investment Trust, Company Register’s Office and to all the patrons of the bank for making the effort of the bank highly successful.