Norvic International Hospital Announces 42.105% Dividend and Plans IPO! – Your Guide to Stock Market News
Are you a stock market enthusiast looking for the latest investment opportunities in Nepal? Look no further! Norvic International Hospital and Medical College has just made a significant announcement that’s sure to get investors excited. The company is proposing a dividend of a whopping 42.105% from the profits of the fiscal year 2081/82 (2024/2025). This is big news for shareholders and a great opportunity to delve into hospital stock analysis!
The board of directors finalized this dividend announcement during a meeting on August 19th. Here’s the breakdown: the proposed dividend includes a 40% bonus shares distribution, plus a 2.105% cash dividend for tax purposes. The tax on the bonus shares will be deducted from the cash dividend.
Shareholders will need to approve this attractive dividend payout. To facilitate this, the Annual General Meeting (AGM) is scheduled for September 14th at 12:30 PM in Thapathali, Kathmandu.
The AGM will cover much more than just the dividend! Attendees can expect to review the annual report from the management team, as well as the auditor’s report. Additionally, they will decide on the appointment of auditors and their fees for the upcoming fiscal year. The election of directors will also be on the agenda, along with the appointment of a share issue manager for a future Initial Public Offering (IPO). This is a key point for those interested in Norvic Hospital IPO.
This is where things get really interesting for potential investors. The special resolutions planned for the AGM include the 40% bonus share distribution. Most importantly, the agenda discusses issuing 20% of the issued capital as ordinary shares for the general public – paving the way for an exciting IPO. Furthermore, the meeting will grant the board of directors the authority to amend the articles of association and regulations as required, subsequent to the bonus share issuance.
This dividend announcement and the potential for an IPO make Norvic International Hospital a stock to watch for both experienced investors and those new to the Nepali stock market. Keep an eye on the stock market news for updates, and be sure to consult with a financial advisor before making any investment decisions. Don’t miss out on this opportunity to capitalize on hospital stock investments and the exciting potential of Norvic Hospital’s IPO! Stock market updates and financial news are essential for making informed decisions. This announcement provides valuable insights for anyone interested in investing in Nepal.
