3,32,500 bonus shares of Synergy Power Development Limited (SPDL) are now listed in NEPSE.
The company called its 12th, 13th, and 14th AGM on Poush 22 last year, i.e. January 06. This was the combined AGM for the fiscal years 2074/75, 2075/76, and 076/77. This AGM endorsed the first-ever dividend for investors.
From the profit till Ashad 2077, a 5% dividend was proposed: 4.75% in bonus shares and 0.25% as a cash dividend. Since the paid-up capital of the company during dividend distribution was Rs. 70 crores, the bonus shares are worth Rs. 3,32,50,000 and the cash dividend is worth Rs. 17,50,000.
The same bonus shares are now listed. As of writing, SPDL has an LTP of Rs. 300.