30th March 2025, Kathmandu
Global IME Bank Limited has decided to sell its founder shares. The sale will be available only to the existing founder shareholders. However, the bank has not disclosed the exact number of shares or their price.
Global IME Founder Share Sale
The decision comes after some founder shareholders expressed interest in selling a portion of their shares. As a result, the bank is offering the opportunity to purchase these shares exclusively to the current founder shareholders. Interested individuals can submit their applications at the bank’s registered office in Kamaladi, Kathmandu. The deadline to apply is in the next 35 days.
If, by the end of the 35-day period, the bank does not receive any applications from the existing founder shareholders, it will sell the shares to the general public. This would open the opportunity for other investors to acquire the shares.
The bank has not yet revealed the number of shares available for sale or the price at which they will be sold. Despite this, interested buyers are encouraged to act quickly and visit the bank’s office to submit their applications within the given timeframe.
Reason for the Sale
The sale of the founder shares comes as a result of some founder shareholders wishing to reduce their holdings. Global IME Bank is following a structured process to ensure a fair distribution of these shares. Currently, only the existing founder shareholders are eligible to purchase them. This will help preserve the ownership structure within the original group of investors.
If the founder shareholders do not purchase the shares, the bank will offer them to the general public. This process is in line with the bank’s goal of enhancing liquidity and market participation. It also allows for broader investor involvement in the bank.
Impact on the Bank
This sale could have significant effects on Global IME Bank. By offering shares to the general public, the bank will likely see an increase in its shareholder base. This could result in a stronger financial position and a broader ownership base. Furthermore, this move could enhance the bank’s liquidity and potentially open up more opportunities for growth and investment.
It is expected that the sale of the founder shares will boost investor confidence in the bank. It provides an opportunity for more people to be a part of the bank’s success, strengthening its position in the market.
Next Steps for Interested Buyers
For those interested in purchasing the founder shares, the process is simple. They can submit their applications at the bank’s registered office in Kamaladi, Kathmandu. The bank will review the applications and notify applicants about the outcome before the end of 35 days.
Conclusion
In conclusion, Global IME Bank has decided to sell its founder shares. These shares will first be available for purchase by the current founder shareholders. If no applications are received by the deadline, the shares will be offered to the general public. This move aims to increase liquidity and broaden ownership of the bank. Interested buyers must apply within the given 35 days to take part in this opportunity.
For more: Global IME Founder Share Sale