Citizens Life Insurance Company Calls AGM on 14th Magh; To Endorse 5.2632% Dividend
Fri, Jan 5, 2024 10:13 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Citizen Life Insurance Company Limited (CLI) has called its 7th AGM on 14th Magh, 2080. The meeting will be held in Amrapali Banquet, Naxal, Kathmandu, starting at 11 AM that day.
Among the other agendas, the AGM will endorse a 5.2632% dividend for FY 2079/80. The 97th meeting of the board of directors held on Poush 16 has proposed a 5.2632% dividend for the fiscal year 2079/80. 5% bonus shares and 0.2632% cash dividends have been proposed. Thus, the bonus shares are worth Rs. 18.75 crores, and the cash dividend (including tax) is worth Rs. 98.68 lakhs. The company's existing paid-up capital is Rs. 3.75 Arba.
Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, appoint an auditor for the fiscal year 2080/81, and elect 2 directors from the public shareholding group.
Poush 29 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can attend this AGM.
