Prime Life Insurance calls AGM on 14th Chaitra; Book close on Falgun 30

Prime Life Insurance has announced bookclose date for the upcoming AGM. The AGM will be held in Agrawal Bhawan, Kamalpokhari, Kathmandu at 2:00 pm. 

The meeting will approve 12.5% bonus share and cash (for tax purpose) to its shareholders out of the profit from the year 2073/74. The meeting will also amend the AOA and MOA of the company. 

The shareholders book will close of 30th Falgun, thus the shareholders owning the shares at the time will be eligible to get the dividend and participate in the AGM. 

PLIC being a life insurnace company, needs to increase its paid-up capital to Rs 2 arba by the end of FY 2074/75. The company is about to issue 160% right shares from falgun 27th, 2074. The right shares will also get the proposed dividend. PLIC's capital will escalate to 1.78 arba after the right issue and the proposed bonus shares.   

PLIC was last traded for Rs 620 in the stock exchange.