Life Insurance Corporation Nepal to convene 17th AGM today; to endorse 70% dividend for the shareholders
Fri, Aug 9, 2019 6:10 AM on AGM/Special AGM, Latest,
Life Insurance Corporation Nepal (LICN) is convening its 17th AGM today (Shrawan 24, 2076) at Nepal Police Club Hall, Bhrikutimandap from 9:30 AM onwards.
The agenda of the AGM is to endorse the audited financial highlights of FY 74/75 and appoint statutory auditor for FY 75/76. The company will be endorsing decision to distribute cash dividend worth Rs 53.12 crore (35.54% of the paid up capital) to the shareholders out of the profits of FY 74/75.
The company will endorse distribution of 34.46% bonus shares worth Rs 51.51 crore for the shareholders out of the profits of FY 74/75. The authorized, issued, paid up capital will be increased from current Rs 1.49 Arba to Rs 2.01 Arba.
For this purpose, the company has already closed it book on Shrawan 9, 2076. Investors holding shares of the company till Shrawan 8, 2076 will be eligible to claim the dividend and participate in the AGM of the company.
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