Norvic International Hospital Announces Impressive Dividend of 42.105%! Stock Market News & What You Need to Know
Breaking News for Nepalese Investors! Norvic International Hospital and Medical College, a leading name in the healthcare industry in Nepal, has just announced a significant dividend payout. The hospital is proposing to distribute a total of 42.105% of its profits for the fiscal year 2081/82! This is exciting news for shareholders and a positive signal for the company’s financial health.
This impressive dividend announcement comes after a meeting of the board of directors on Bhadra 4th. Let’s break down the specifics of this dividend distribution and what it means for you:
Dividend Breakdown:
- Bonus Shares: The major part of the dividend is in the form of bonus shares, amounting to 40%. This means investors will receive additional shares, increasing their shareholding in the company.
- Cash Dividend: Additionally, there’s a 2.105% cash dividend for tax purposes. The tax on the bonus shares will be deducted from this cash dividend.
Annual General Meeting (AGM):
To approve this dividend proposal, Norvic Hospital will hold its Annual General Meeting (AGM) on Bhadra 29th at 12:30 PM in Thapathali, Kathmandu. This is a crucial event where shareholders will vote on the dividend and other important matters.
Agenda for the AGM:
Besides the dividend declaration, the AGM will address several key items, including:
- Review of the board of directors’ annual report.
- Review of the auditor’s report.
- Appointment and remuneration determination of the auditors for the upcoming fiscal year 2082/83.
- Election of directors.
- Approval of the appointment of the IPO (Initial Public Offering) issue manager.
- Discussion and approval of other miscellaneous proposals.
Special Proposals at the AGM:
The AGM will also consider some special proposals, including:
- The 40% bonus share distribution.
- Issuing 20% of the issued capital as ordinary shares for the public. This is a major step towards an IPO, meaning Norvic Hospital plans to list on the Nepse (Nepal Stock Exchange), making it accessible for the public to buy and sell shares.
- Authorizing the board of directors to amend the memorandum of association and articles of association as needed after the bonus share issuance.
Implications for Investors:
This dividend announcement is a welcome development for Norvic Hospital shareholders. The bonus shares will increase their holdings, and the potential IPO will provide liquidity and growth opportunities. This shows the company’s strong financial performance and commitment to rewarding its investors. If the AGM approves the proposals, it will positively impact the share price and the overall stock market sentiment.
Stay Updated with Market News:
Keep following the stock market and financial news from reputable sources. This is a developing story, and there will be more updates as we get closer to the AGM. Stay informed about dividend dates, IPO news, and investment strategies to make informed decisions. Consider exploring share market investment opportunities to benefit from potential growth.
