Last day to secure dividend of Himalayan Re-insurance and Asian Life Insurance

Feb 18, 2024 09:14 AM Merolagani

Today is the last day to secure dividends of Himalayan Re-insurance and Asian Life Insurance.

Himalayan Re-insurance is closing its book on February 19 while Asian Life is closing its book on February 20 for the upcoming AGM, thus, the shareholders registered in their books till today, February 18 (last trading day before book close) will be eligible to attend the AGM and obtain the announced dividend.

Himalayan Re-insurance is conducting its 3rd annual general meeting (AGM) on March 3 in Rastriya Sabhagriha,Pradarsinin Marg, Kathmandu at 11 am.

The meeting will endorse a proposal of distributing 4 percent stock and 0.21 percent cash dividend to its shareholders. Moreover, the meeting will approve a proposal of issuing 80 percent right shares of its paid-up capital maintained after bonus share distribution to its shareholders.

Similarly, the meeting will delegate authority to amend its article and memorandum of association, elect one director from promoter and two from ordinary shareholders and appoint an auditor.

Similarly, Asian Life Insurance company (ALICL) is conducting its 16th annual general meeting (AGM) on March 1 in Hotel Classic Simaara, Bara at 11:30 am.

The meeting will endorse a proposal of distributing 7.75 percent stock and 0.4078 percent cash dividend to its shareholders.

Moreover, the meeting will approve a proposal of issuing 42 percent right share, increasing issued and paid-up capital, changing BOD structure after a change in share structure, delegating authority to BOD to amend article and memorandum of association, elect one director from ordinary shareholders and appoint an auditor.

 

 

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