Premier Insurance declares 20% bonus share; Paid up to reach Rs 44.84 crore

Premier Insurance Company Limited (PIC) has decided to distribute 20 percent stock dividend to its shareholders. As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the insurance company’s BOD meeting held on Kartik 9, 2073 has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Insurance Board and the insurance company’s upcoming Annual General Meeting (AGM). PIC had distributed 30% bonus share to its shareholders in the fiscal year 2071/72. Premier Insurance has earned net profit of Rs 18.57 crore in the fourth quarter of the fiscal year 2072/73.Its paid up capital remains at Rs 37.37 crore. After distribution of 20 percent bonus share it’s paid up capital will reach to Rs. 44.84 crore.