No Distribution of Cash Dividend and Bonus Share to shareholders of Nepal Reinsurance for FY 2075/76

Fri, Jul 24, 2020 11:42 AM on Dividend, Bonus & Rights, Latest, Stock Market,

The Board of Directors of Nepal Reinsurance Company Limited has decided for non-distribution of cash dividend and bonus share to its shareholders in FY 2075-76 as per the provision of Directive No. 12 of Reinsurance Directive, 2071.

Nepal Reinsurance Company Limited has issued a notice stating that the terms of the Reinsurance Management and Operation Directive, 2071, Article 12 compels it to not distribute the fund collected after operation for 5 years. The collected fund has to be kept on reserve fund.