NEPSE adjusted stock price of Lumbini General Insurance at Rs 531.83 after adjusting 6.99 percent stock dividend the last trading price of the stock was Rs 539 on February 9.
NEPSE adjusted stock price of Sagarmatha Insurance at Rs 799.80 after adjusting 12.40 percent stock dividend. The last trading price of the stock was Rs 799.80 on February 9.
NEPSE adjusted stock price of Jyoti Bikas Bank at Rs 306.80 after adjusting 3 percent stock dividend the last trading price of the stock was Rs 306.80 on February 9.
Lumbini General Insurance is conducting its 18th AGM in its Amritbhog Catering, Kalikasthan, Kathmandu at 10:00 AM. The meeting will endorse a proposal of distributing 6.99 percent stock and 0.3679 percent cash dividend to its shareholders.
Similarly, Sagarmatha Insurance is conducting its 26th AGM in Lainchaur Banquet, Kathmandu at 10 AM.
The meeting will endorse a proposal of distributing 12.40 percent stock and 0.6526 percent cash dividend to its shareholders.
Moreover, the AGM of both companies will also approve the final agreement of merger with each other. Moreover, the meeting will approve a proposal of renaming the joint entity as Sagarmatha Lumbini Insurance company and carry forward the company registration number, article of association and insurer registration number of former Sagarmatha Insurance.
Furthermore, the meetings will approve a swap ratio of 100:80 of Sagarmatha and Lumbini General Insurance.
Similarly, Jyoti Bikas Bank is conducting its 15th AGM in Tribhuwan Army Officers Club, Bhadrakali, Kathmandu at February 26.
The meeting will endorse a proposal of distributing 3 percent stock and 3.80 percent cash dividend. Moreover the meeting will delegate authority to BOD to forward merger/acquisition and appoint an auditor.
