AIICO Insurance Plc (NSE – AIICO) has changed the date of its bonus share qualification dates to December 28, 2020. AIICO had previously announced two separate bonus shares for its shareholders – a bonus of 1 for 5 shares with the qualification date set as 23 September 2020, and an additional bonus of 1 for 5 shares held with the qualification date set as 30 November 2020.


However, at the 50th Annual General Meeting of the company held on December 8, 2020, it was resolved that the qualification dates be postponed to December 28, 2020, so that the Rights shares issued by the company would qualify for the bonus.

Also, at the meeting, it was resolved that the first bonus issue of 1 for 5 shares be reduced to...


Read full article at https://investogist.com/aiico-insurance-plc-revises-down-bonus-share-issue-shifts-qualification-dates-forward/

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