Prime Commercial Bank Limited has issued a new notice after one of its existing founder shareholders submitted a request to sell the promoter shares registered under their name.
Based on the decision made during the 547th meeting of the Board of Directors held on Mangsir 5, the bank has invited interested founder shareholders to contact the bank within 35 days to purchase these promoter shares.
According to the notice, any interested founder shareholder must visit the Company Secretary’s Office within 35 days from the publication date of the notice and submit an application for the purchase.
If no application is received within this period, the bank will consider the shares “unclaimed” as per the Bank and Financial Institution Act, 2073, Nepal Rastra Bank’s directives, and prevailing laws. After that, the bank will proceed with an open sale process to find new buyers.
The bank has also requested interested individuals to contact the Company Secretary’s Office for details regarding the name of the selling founder, the number of shares available, and the share price information.