A dividend announcement, bonus share distribution, and the issuing of Sahash Energy's 100% right shares
Profits have been declared by Courage Energy Limited. The company's board of directors resolved to disburse a total of 8.821 percent of its dividend—eight percent bonus shares and 0.421 percent cash dividend—during its meeting on August 31. (for tax purposes).
After bonus shares are distributed, the same meeting also resolved to issue rights shares at 100% of the paid-up capital, or 1 equal to 1. The proposed dividend will be given to shareholders after being authorized by the company's upcoming annual general meeting.
The firm has chosen to hold its annual general meeting on October 4th in order to approve the rights and dividend proposal. Four of the company's annual general meetings will take place simultaneously. The sessions will begin at 11 a.m. at the Karki Banquet in Babarmahal, Kathmandu.
The meeting will approve a special resolution regarding the dividend and 100% rights issue. Authorized capital of the firm is 10 billion, to be divided into 100 million ordinary shares at a price of Rs. 100 per share, and issued capital is 7.56 billion, to be divided into 75.56 million ordinary shares at a price of Rs. 100 per share. Approved loans for projects identical to these should also be approved. There will be a special resolution approved.
Likewise, the chairman of the board of directors will present the annual report for the fiscal years 2077–2078–2078–79, 2079–80, and 2080–81, together with the audit report for those same fiscal years. The appointment of an auditor and establishment of a remuneration will approve the financial statements (balance sheet, profit and loss statement, cash flow statement), as well as the audit for the financial year 2081/82.
October 13th is the day when the firm has opted to close the books for a one-day general meeting and dividend distribution. Consequently, the only shareholders who can collect dividends and attend the meeting are those who have transacted in NEPSE up until October 10th.
