Kathmandu. National Life Insurance, one of the leading life insurers, has set June 15 as the book close for the distribution of dividend.
The 551st board meeting of the insurance company held at 4:00 pm on May 14 decided to close the book. The meeting also decided to hold the company’s 37th Annual General Meeting (AGM) at the company’s central office in Lazimpat on June 15.
The AGM also decided to pay Rs 521.213 million in cash dividend at the rate of 10 per cent and bonus shares at the rate of 5 (5) per cent. A proposal for distribution of Rs 266 million will be submitted.
Similarly, for the purpose of tax on shares and cash dividends, rs. 0.789473 per cent will be provided. The board of directors has also decided to present a proposal to adjust Rs 41.14 million from the dividend in the general meeting.
The current paid-up capital of the insurance company is Rs 5.21 billion. After the distribution of bonus shares, its share capital will exceed Rs 5.47 billion.
