Phoenix Insurance proposes to change its face value
Tuesday, 30 November 2010
FE Report
The shareholders of Phoenix Insurance Company Limited (PICL) proposed to change the denomination of the shares face value and increase the authorised capital accordingly. They also approved the Amendment of Memorandum and Article of Association and special resolution, according to a press release.
The third extra-ordinary general meeting (EGM) of the company held at IDEB Bhaban in the city Sunday approved the proposal. PICL Director Deen Mohammad presided over the EGM.
A large number of shareholders of the company attended the meeting.
The shareholders of Phoenix Insurance Company Limited (PICL) proposed to change the denomination of the shares face value and increase the authorised capital accordingly. They also approved the Amendment of Memorandum and Article of Association and special resolution, according to a press release.
The third extra-ordinary general meeting (EGM) of the company held at IDEB Bhaban in the city Sunday approved the proposal. PICL Director Deen Mohammad presided over the EGM.
A large number of shareholders of the company attended the meeting.