The company closed its book on August 9, following which, NEPSE adjusted the stock price.
After the adjustment, the stock price of Nepal Insurance stands at Rs 321.86. The last traded price of the stock was Rs 346 on August 8.
Given that the company closed its book on August 9, the shareholders registered in its book till August 8 will be eligible to attend its upcoming AGM and obtain the announced dividend.
Nepal Insurance is conducting its 70th AGM on August 25 in the Airport Hotel, Sinamangal, Kathmandu at 11:00 AM.
The AGM will endorse a proposal of distributing 7.5 percent stock dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners.
Previously, the company had announced of distributing Rs 4 million as cash dividend for tax purpose, the Insurance Board declined the proposal, thus, the shareholders are required to pay taxes by themselves.
