Supermai Hydropower Announces 20% Bonus Shares, Plans 100% Right Share Issue

Supermai Hydropower Limited has announced a 20 percent bonus share distribution to its shareholders from the profit of the last fiscal year. The decision was made during the company’s board meeting held on Magh 20. Along with the bonus shares, the company has also decided to distribute 1.11 percent cash dividend for tax purposes. Furthermore, after the distribution of bonus shares, the company plans to issue 100 percent right shares based on the existing paid-up capital. The bonus and right share issuance will be implemented only after receiving approval from the Electricity Regulatory Commission and endorsement from the upcoming Annual General Meeting.