EXIM Bank EGM approves change of face value
Wednesday, 5 May 2010
Import Bank of Bangladesh Limited (EXIM) held its sixth and seventh extra-ordinary general meeting (EGM) in the city's Bangabandhu International Conference Center Tuesday, says a press release.
The shareholders unanimously approved the amendments of the articles of association of the company by deleting the provision relating to category of its shares at its 6th EGM. And also unanimously approved the proposal of changing the denomination of shares of the company by fixing the face value of shares at Tk 10.00 (taka ten) each instead of existing Tk 100.00 (taka one hundred) each and amendment of relevant clauses/articles of memorandum and articles of association of the company at its 7th EGM subject to the approval of regulatory authorities.
The shareholders unanimously approved the amendments of the articles of association of the company by deleting the provision relating to category of its shares at its 6th EGM. And also unanimously approved the proposal of changing the denomination of shares of the company by fixing the face value of shares at Tk 10.00 (taka ten) each instead of existing Tk 100.00 (taka one hundred) each and amendment of relevant clauses/articles of memorandum and articles of association of the company at its 7th EGM subject to the approval of regulatory authorities.