Last Day to Grab 9.5% Stock Dividend of Lumbini General Insurance Company
Tue, Jun 28, 2022 10:42 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Today is the last day to grab the 10% dividend of Lumbini General Insurance Company Limited (LGIL).
Lumbini General Insurance Company Limited (LGIL) has called its 17th AGM on 29th Ashad, 2079. The meeting will be held in Amritbhog Catering, Kalikasthan, Dillibazar, Kathmandu, starting from 11 am that day.
Among other agendas, the AGM will endorse a 10% dividend for the fiscal year 2077/78. The 248th meeting of the board of directors held on Ashad 08 decided to distribute the dividend on the paid-up capital of Rs. 1.19 Arba. 9.5% bonus shares worth slightly over Rs. 11,38,94,550 and 0.5% cash dividend (including tax) worth slightly over Rs. 59,94,450 have been proposed. This will raise the paid up capital of the company to Rs. 1.31 Arba.
Additionally, there are agendas to identify and select a suitable insurance company for a merger or acquisition in order to raise the company's capital, as well as to raise its authorized capital from Rs. 1.25 Arba to Rs. 3 Arba.
The book closure date is announced tomorrow, i.e. on Ashad 15. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM.
