Life Insurance Corporation Nepal (LICN) calls AGM; When's the Book Closure for Dividend?
Thu, Feb 11, 2021 11:20 AM on Latest, AGM/Special AGM, Book Closure,
Life Insurance Corporation Nepal Limited (LICN) has called its 18th AGM on Falgun 25, i.e. March 09. The meeting will be held in LIC Nepal, Naxal, Kathmandu, starting at 10:30 am that day.
Among other proposals, the AGM will endorse the dividend for the fiscal year 2075/76. Life Insurance Corporation (Nepal) Limited (LICN) 108th Board Meeting has proposed a 10.5263% dividend including 10% bonus shares and 0.5233% cash dividend (tax purpose) for the FY 2075/76. The existing paid-up capital of the company is Rs 2.01 Arba. The company has informed about the implementation of the above-mentioned offers only after the approval of the financial description of the company’s FY 2075/76 from the 18th Annual General Meeting (AGM) of the company and Beema Samiti.
The current paid-up capital of LICN is Rs 2.01 Arba and after the bonus adjustment, the new capital will be Rs 2.21 Arba. Furthermore, the AGM will also elect a board member representing the public investors.
The book closure date is announced on Falgun 07. Thus, investors maintained before that day are entitled to the dividend and can also attend the AGM. Books will be closed from Falgun 07 to Falgun 25.
