Primer Insurance 1:1.15 ratio Right shares book closure on 26 Falgun; Only 3 days left
Tue, Mar 3, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, March 3
Premier Insurance Company Limited (PIC) has informed NEPSE on 2071-11-19 that the register of their shareholders will remain close on 2071-11-26 for the purpose of issuing Right share in the proportion of 1:1.15.
Company’s 1:1.15 ratio right shares were endorsed by its special AGM held on 7 Baishak, 2071 to shore up the paid-up capital accordingly. The company is planning to raise its authorized capital to Rs 75 crore and paid-up to Rs 50 crore.
ICRA Nepal has assigned “[ICRANP] IPO Grade 3”, indicating average fundamentals to the proposed rights issue amounting NPR 134.89 million of Premier Insurance Company Limited (PIC).
Premier Insurance Company (Nepal) Limited has posted net profit of Rs.22.58 million in its 2nd quarter of the current fiscal year 2071/72.
The paid up capital of the company will increase from the existing Rs 11.73 crore to Rs. 25.21 crore after this right share issue.
The issue manager will be managed by Laxmi Capital.
