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Excel Development Bank (EDBL) proposed 30.12 % stock dividend

September 11, 2017: Excel Development Bank (EDBL) has proposed of distributing 30.12 percent stock and 1.58 percent cash dividend to its shareholders. The proposed dividend is subjected to approval from NRB and the upcoming AGM.

The bank is also issuing 50 percent right shares to its existing shareholders for which it has already closed its book on September 5. Thus, shareholders registered in the book by September 4 can apply for the right shares.

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