Premier Insurance appoints NMB Capital as issue manager to float 6.59 lakh units FPO shares

Premier Insurance Company Limited has appointed NMB Capital Limited as its Issue Manager. The agreement was done on Mangsir 24, 2073. Issuing a press statement it stated that the insurance company is floating 659, 565 units Further Public Offering (FPO) shares. Sudhumna Prasad Upadhyaya, Chief Executive Officer (CEO) of Premier Insurance Company and Shreejesh Ghimire, CEO of NMB Capital Limited signed on the agreement. The company will float FPO shares at premium price. After floating FPO shares, the promoter and public share structure will be at the ratio of 51:49. The amount collected received from premium price will be in the company’s reserved fund. In case the company needs to hike its paid up capital, the company will distribute bonus share from the same reserve fund.