Reminder! Last Trading Day to Secure Nepal Insurance Company Limited's Right Share

Today is the last trading day in NEPSE to be eligible to get the right shares of Nepal Insurance Company Limited (NICL).

The rights share is to be issued in the ratio of 10:4, corresponding to 65,76,967.76 shares at Rs. 100 per share, totaling NPR 65,76,96,776. However, following the approval by the Securities Board of Nepal dated Jestha 23, 2082, the company must adjust the rights share issuance proportion under the increased paid-up capital after the issuance of 24,66,362.91 bonus shares at a rate of 15%, as approved in the 76th Annual General Meeting held on Chaitra 19, 2081.

After incorporating the bonus shares, the new paid-up capital will be Rs. 1,64,42,41,940, and the revised rights share issuance ratio stands at 34.78%. The company has sent this revised notice along with the sample publication for record and shareholder information purposes.

NIMB Ace Capital Limited is appointed as the issue manager.

The book closure date is 30th Jestha, 2082. Thus, investors who held shares before that day can apply for them.