Life Insurance Corporation Nepal Calls AGM to Endorse Dividend and Share Conversion
Sun, Jan 30, 2022 11:29 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Life Insurance Corporation (Nepal) Limited has called its 19th AGM on 11th Falgun, 2078. The meeting will be streamed virtually, starting at 11: 15 am that day.
Among other agendas, the meeting will endorse a 21.052631569% dividend for the fiscal year 2076/77. The 114th meeting of the board of directors held on Poush 08 decided to distribute the dividend on the paid-up capital of Rs. Rs. 2,21,10,00,0000. 20% bonus shares 1.052631569% cash dividend (for tax) have been proposed.
Furthermore, this AGM will also discuss the conversion of 10% promoter shares to ordinary shares.
Magh 24 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
