Lumbini General Insurance Company Limited (LGIL) has distributed 9.5% bonus shares directly to the DEMAT accounts of its shareholders. The company has urged its shareholders to dematerialize its shares.
The 17th AGM of the company held on 29th Ashad, 2079 endorsed 10% dividend for the fiscal year 2077/78. The 248th meeting of the board of directors held on Ashad 08 decided to distribute the dividend on the paid-up capital of Rs. 1.19 Arba. 9.5% bonus shares worth slightly over Rs. 11,38,94,550 and 0.5% cash dividend (including tax) worth slightly over Rs. 59,94,450 were proposed. The same bonus shares are now deposited to Demat accounts. Ashad 15 was the book closure date.
Shareholders will have to dematerialize their shares at NIBL Ace Capital Limited, Lazimpat, Kathmandu.