Last day to grab 12% bonus shares for Life Insurance Corporation Nepal; book closure on Falgun 21
Sun, Mar 3, 2019 6:55 AM on AGM/Special AGM, Book Closure, Latest, Stock Market,
Today is the last day to grab 12% bonus shares offered by LIfe Insurance Corporation Nepal Limited (LICN).
The register of their shareholders (book closure) will be closed from Falgun 21, 2075 to Chaitra 4, 2075 for the purpose of this AGM. Only those shareholders having shares one trading day ahead of the book closure date are eligible for bonus share of the company and participation in the AGM. Since tomorrow is public holiday due to Mahashivaratri Festival, so shareholders holding shares till today (Falgun 19) will be eligible to get bonus shares.
Life Insurance Corporation Nepal Limited (LICN) is convening its 16th Annual General Meeting (AGM) on Chaitra 4, 2075. The AGM is going to be held at City Hall (Rastriya Sabha Griha), Exhibition road, Kathmandu at 9:00AM. The main agendas of the AGM are:
- To endorse 12% percent bonus share and 0.63 percent cash dividend for tax purpose to its shareholders for the fiscal year 2073/74.
- The fractional stock dividend will be adjusted later.
- To increase authorized capital, issued capital and paid up capital from Rs 1.33 arba to Rs 1.49 arba.
- To endorse the remunerations of company CEO.
- Other agendas of the meeting include endorsement of audited financial report for the FY 2073/74, appointment of statutory auditor for the FY 2074/75.
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