Prudential Insurance Company Limited (PICL) Postpones AGM till Further Notice

Mon, May 10, 2021 10:11 AM on Latest, AGM/Special AGM,

Prudential Insurance Company Limited (PICL) has postponed its 19th AGM scheduled for 2nd Jestha, 2078 until further notice because of the degrading pandemic plight in the country.

The company had called its 19th AGM on 2nd Jestha, 2078. The meeting was to be held in Hotel Ichchha, Bara, Nepal, starting at 11 am that day. Among other agendas, the AGM would endorse an 8.42% dividend for the fiscal year 2076/77: 8% bonus shares and 0.42% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 1,02,64,32,000, the bonus shares are worth Rs. 8,21,14,560 and the cash dividend is worth Rs. 43,21,818.95.

The AGM was also called to elect 2 board members representing the general investors. The existing promoter and public shareholding ratio of the company is 60: 40. This AGM would discuss changing the ratio to 51: 49.

Baisakh 19 was the book closure date for the AGM and dividend. The AGM is now postponed till further notice.