NECO Insurance Limited has called a general meeting. The company has called a general meeting to approve the dividend announced to be distributed to the shareholders from the last financial year’s profit.
The insurance company had announced a bonus of 15.79 percent from the last financial year’s profit, including 15 percent bonus shares and 0.79 percent cash dividend for tax purposes. To pass the resolution, the insurance company has convened its 26th annual general meeting at its central office, Bima Bhawan, Gyaneshwar, Kathmandu on chaitra 9, Wednesday. The meeting will start at 11 am.
The meeting will also pass the dividend proposal as well as proposals to empower the board of directors to make necessary amendments in the management letter and rules and appoint auditors.
For the purpose of the general meeting, the insurance company is going to close the book for one day on Chaitra 1.
Accordingly, the existing shareholders who have been traded on Nepse till the previous trading day can participate in the general meeting of the insurance company and receive the dividend distributed by the company.