Soaltee Hotel’s Stock Price Adjusted on NEPSE Following Dividend Declaration

The Nepal Stock Exchange (NEPSE) has adjusted the stock price of Soaltee Hotel Limited (SHL) after the company announced its book closure for the upcoming annual general meeting (AGM) and dividend distribution. The adjustment reflects the impact of the company’s dividend declaration, ensuring accurate valuation for trading in the secondary market.

Key Adjustments and Impact

NEPSE has adjusted Soaltee Hotel’s stock price to NPR 518.18, incorporating the 10% bonus share issuance declared by the company. The adjustment was based on the final trading price of NPR 570, recorded on the last trading session before the book closure.

This price adjustment ensures that the dividend distribution does not artificially inflate the market price, maintaining fairness for investors trading post-adjustment. The new price serves as the benchmark for the day’s trading session.

Dividend Declaration

Soaltee Hotel has proposed:

• 10% bonus shares on its paid-up capital.

• 26.8421% cash dividend, including tax purposes.

Such a generous dividend announcement underscores the company’s profitability and its commitment to rewarding shareholders, likely stemming from strong financial performance during the fiscal year.

Upcoming AGM Details

The dividend proposal is set to be approved at the 50th Annual General Meeting (AGM), scheduled for Poush 4, 2081 (December 19, 2024). The meeting will take place at Nepal Academy Hall, Kamaladi, Kathmandu, starting at 11:00 AM.