IME General Insurance and Prudential Insurance Company Calls SGM on 22nd Chaitra to Endorse Agendas Related Merger
Wed, Mar 22, 2023 9:05 AM on Latest, AGM/Special AGM, Merger/Acquistion,
IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) have called their SGM on 22nd Chaitra, 2079 respectively. The meeting of IGI will be held at Lainchaur Banquet, Kathmandu whereas the meeting of PICL will be held in Hotel Ichhya, Samara, Bara. Both the meetings will start at 11 AM that day.
Among other agendas, the AGMs will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Memorandum of Understanding, and Scheme of Arrangement and endorse a share swap ratio of 1: 1 for a merger between IME General Insurance & Prudential Insurance Company. The meeting will also approve a proposal to start the joint transaction under the name "IGI Prudential Insurance Limited" after the successful merger.
As the companies' capital will increase after the merger, pass the resolution to amend the Articles of Association accordingly. The meeting will also pass a proposal to appoint an appraiser, S.D. & Associates Chartered Accountants to evaluate the assets and liabilities of the company and determine their remuneration.
