Share MarketNepal Life Insurance convened AGM to pass dividend proposal

Nepal Life Insurance convened AGM to pass dividend proposal

Nepal Life Insurance Company Limited (NLIC) has convened a general meeting to pass the dividend proposal.

The insurance company announced a 14 percent bonus share and a 0.73 percent cash dividend (tax purpose). The insurance company has called an annual general meeting on Chait 21 to pass the dividend proposal. The 21st general meeting of the company will start at Hotel Vishwa, Birgunj on Chaitra 21.

The meeting will pass resolutions to change the existing capital structure from 60 :40 to 51:49 percent in the existing capital structure and to elect four directors from the founding shareholders group (a) in the board of directors.

For the purpose of the general meeting, the insurance company is going to close the book on Chait 7 . Accordingly, the existing shareholders who have been traded on Nepse till Chaitra 6 will be able to participate in the general meeting of the insurance company and receive the dividend distributed by the insurance company.

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