Api Power Company Limited Proposes 5.2632% Dividend; Plans 30% Right Shares Issue
Summary
Api Power Company Limited proposes a 5.2632% dividend and plans to issue 30% right shares after bonus shares for FY 2081/82, aiming to invest in hydropower projects.
Key Points
- Api Power Company Limited proposes a 5.2632% dividend for FY 2081/82, consisting of a 5% bonus share and 0.2632% cash dividend.
- The company plans to issue rights shares in a 1:0.30 ratio based on adjusted paid-up capital, subject to Electricity Regulatory Commission's approval.
- The proceeds from the rights issue will be invested in additional hydropower projects.
- The 22nd Annual General Meeting is scheduled for 29th Poush, 2082 at Karki Banquet, Babarmahal, Kathmandu.
