Century Bank to Issue Right Share from August 21

August 4: Century Commercial Bank is preparing to issue 10:3 right shares from August 21. The bank is issuing 8,522,400 units of right shares to its existing shareholders.  The shares which can be purchased at Rs 465 per unit in the secondary market as of August 2 can be purchased at Rs 100 as the right share.

According to the bank, the shareholders registered in the bank’s share book by August 2 will have the opportunity to apply for the right shares. The bank informed that interested shareholders can apply for the right shares from its issue manager Civil Capital Market. Meanwhile, the paid-up capital of the bank will reach Rs 3.69 billion after the right share issuance.