Prime Life Insurance Calls Out AGM

Dec 14, 2022 09:58 AM Merolagani

Prime Life Insurance (PICL) has called out 15th annual general meeting (AGM) on January 8 in Agrawal Bhawan, Kamalpokhari at 2 PM.

The meeting will endorse a proposal of distributing 13 percent stock and 0.68 percent cash dividend to its shareholders.

Moreover, the meeting will approve MOU draft submitted by merger committee for merger of Prime Life, Gurans Life and Union, appoint an auditor for DDA, appoint an evaluator, amend article and memorandum of association and approve a proposal of maintaining promoter and ordinary shareholders ratio of 51:49.

In this regard, the bank will close its book on December 23, thus, the shareholders registered in its book till December 22 will be eligible to attend the AGM and obtain the announced dividend.

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