Premier Insurance 23rd AGM on Poush 14; to endorse 20% bonus share & to float FPO shares at premium

Premier Insurance Company limited (PIC) will be convening its 23rd Annual General Meeting (AGM) on Poush 14, 2073. The AGM will be held at Began villa, Tripureswor, Kathmandu. Main agendas of the AGM are:

• To endorse 20 percent bonus shares and 1.05 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2072/73. The fractional bonus share will be rounded to the nearest whole number.
• To increase authorized capital up to Rs 2 arba and issue capital up to Rs 1.50 arba and amend the article of association accordingly.
• After issuance of bonus share to float Further Public Offering (FPO) at premium price as approved by 22^nd AGM of the company.
• To increase meeting allowance of BOD members.
• To authorize BOD to amend the article and memorandum of the association as per necessity.

The other agendas of the AGM include financial highlights of 2072/73 and appointment of auditor. Only those shareholders owning shares till Poush 6, 2073 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 7, 2073 till Poush 14, 2073 for the purpose of its upcoming (AGM). Premier Insurance had earned net profit of Rs. 2.04 crore in the first quarter of current fiscal year 2073/74 unaudited report. It’s paid up capital remains at Rs. 37.37 crore. After distributing 20 percent bonus share it’s paid up capital will rise to Rs. 44.84 crore