The companies are closing their books on December 29, thus, the shareholders registered in their books till December 28 will be eligible to attend the AGM and obtain the announced dividend.
Miteri Development Bank (MDB) is conducting its 16th AGM on January 12 in Sunsari Udhyog Banijya Sangha, Dharan at 11:00 AM. The AGM will endorse a proposal of distributing 13.30 percent stock and 0.70 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and elect 3 directors from ordinary shareholders.
Similarly, Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) is conducting its 7th AGM on January 7 in Hotel Morya, Rupandehi at 11:00 AM.
The meeting will endorse a proposal of distributing 30 percent stock dividend, issue further public offering worth Rs 17.8 million and delegate authority to BOD to forward merger/acquisition with suitable partners.
Likewise, Nepal Re-insurance Company (NRIC) is conducting its annual general meeting (AGM) on January 6 in Karki Banquet, Babarmahal, Kathmandu at 11:00 AM. The meeting will endorse a proposal of distributing 16.50 percent stock and 2.50 percent cash dividend to its shareholders.
Moreover, the meeting will delegate authority to BOD to amend the article and memorandum of association as per the requirement of regulatory bodies, approve the annual and financial report of the last FY, appoint an auditor and elect board members.
