Karachi, Premier Insurance Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on March 29, 2016.
The agenda of the meeting was discussion of profit and loss account for the year ended Dec 31, 2015 which portrayed a profit of Rs. 110,616 and earnings per share 3.18 basic and diluted.
Further, a final cash dividend @ Rs. 1 per share i.e. 10%, 20% bonus shares (1 share for every 5 shares) and nil right shares was agreed.
The annual general meeting of the company is scheduled to be held on April 27, 2016 at the registered office of the company in Karachi.
Further, the share transfer books of the company will remain closed from April 18, 2016 to April 27, 2016 (both days inclusive).
Premier Insurance Limited was incorporated in Pakistan in May, 1952 as a public limited company. The operations of the business are related to general insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The products of the company includes property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance, group health insurance and specialized insurance.
The symbol “PINL” is being used by the stock exchanges for the shares of Premier Insurance Limited.