Universal Power Company Announces General Meeting with Dividend and Rights Issue!
Universal Power Company Limited has announced its upcoming general meeting following a successful financial year. The company, aiming to reward its shareholders, will be holding the meeting to approve key proposals, including the distribution of bonus shares and a rights issue. If you are a stockholder of Universal Power Company, here’s what you need to know!
The general meeting is scheduled for Thursday, October 23rd, at the Darbar Restro Hotel & Party Venue in Tikhedewal, Lalitpur. The meeting will commence at 10:00 AM. Investors and interested parties should mark their calendars!
A crucial item on the agenda is the approval of a bonus share distribution of 9% of the current paid-up capital, alongside a cash dividend of 0.4737%. This news is sure to excite current and prospective investors looking for investment opportunities.
Furthermore, the meeting will consider and likely approve a rights issue of 100% after the bonus share distribution. This presents a great opportunity for shareholders to increase their ownership in the company. Other important proposals include amendments to the articles of association, the appointment of an auditor and independent directors, and the election of two directors. This is essential for all shareholders as it will determine the future of the company.
The company has set October 8th as the book close date for the purpose of the general meeting. This date is crucial for determining which shareholders are eligible to participate in the meeting and receive the dividend and participate in the rights issue. Investors who wish to be part of this investment opportunity should ensure they own shares before the book close date.
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