Neco Insurance Distributed 15% Bonus Shares to Demat Accounts

Neco Insurance Limited (NIL) has distributed 15% bonus shares directly to the DEMAT accounts of its shareholders. The company has urged its shareholders to dematerialize its shares.

The company convened its 27th AGM for the fiscal year 2078/79 on 15th Magh, 2079. The AGM endorsed a 15.79% dividend for the fiscal year 2078/79. The 434th meeting of the board of directors held on Mangsir 18 decided to distribute the dividend on the paid-up capital of Rs. 1.749 Arba. 15% bonus shares worth Rs. 26.24 crores and 0.79% cash dividend (including tax) worth slightly over Rs. 1.38 crores were proposed. The same bonus shares are now deposited to Demat accounts.

Note that the bonus shares are already listed in NEPSE.

Shareholders will have to dematerialize their shares at Siddhartha Capital Limited, Naxal, Kathmandu.

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