Premier Insurance to conduct AGM on April 9

Mar 18, 2018 Merolagani

Premier Insurance (PIC) is conducting is annual general meeting on April 9. In the AGM, the company is proposing 13.52 percent stock dividend plus Rs 3,659,749 cash dividend for tax purpose.

Premier Insurance is closing its book from March 22 for the AGM purpose, thus, the shareholders registered in its book by March 21 will be eligible to attend the AGM and obtain the announced dividend.

The company is distributing the bonus share on the paid-up capital maintained after its recent further public offering (FPO) which means that the FPO holders will also be provided the bonus shares.

Presently, the company has a paid-up capital of Rs 514.4 million that will reach Rs 584 million after the bonus share distribution.

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