United Ins. to auction unsubscribed 181,220 units shares at Rs 100 and above ; AGM on Ashwin 20

United Insurance Company (Nepal) Limited (UIC) is auctioning its ordinary right shares and promoter right shares to the general public from today (Bhadra 29, 2072). As per the notice published by the insurance company, it will be selling 103,425 units of ordinary right share and 77,795 units of promoter right shares as the rights shares issued on Baisakh 13, 2072 were not fully subscribed by the investors. The auction starts from Bhadra 29(today) and will last till Ashwin 5, 2072 United Insurance Company has urged the interested bidders to submit their bids by 3:00 PM of Ashwin 5 at the Global IME Capital Limited located at Rastriya Nach Ghar, Jamal, Kathmandu. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. The investors applying for the auction can deposit the bid amount in the account number 10911600661761000001 of the Prabhu Bank Limited. Global IME Capital limited is the issue manager for this auction. The Last traded price of United Insurance stood at Rs 405 on September 10. Meanwhile, United Insurance Company is holding its 20th and 21st Annual General Meeting (AGM) on Ashwin 20, 2072. The AGM will be held at Trade Tower,Thapathali, Kathmandu  at 9:00 AM. The main agenda of the AGM is to maintain paid up capital after the issuance of right share, to amend article of association accordingly and also authorize the BOD to make changes, if any, as per suggestion of governing bodies. The other agenda of the AGM includes financial highlights of 2069/ 70 and 2070/71 and  appointment of auditor.