Remedium Lifecare declares 3:1 bonus shares. Record date, other details here
Bonus shares 2024: The Board of Directors of Remedium Lifecare Limited has declared the issuance of bonus shares to its eligible shareholders. The company board made this decision in its board meeting on Monday, which discussed its unaudited financial results for Q4FY24. The company board considered and approved the issuance of bonus shares in a 3:1 ratio.
The Remedium Lifecare board also set a record date for 6 July 2024. This would be the second bonus share issued to the eligible shareholders in less than a year. On 28 July 2023, Remidium Lifecare shares were traded 'ex-bonus ', meaning the shares were traded without the value of the bonus shares.
This process allows for the fair distribution of the bonus shares among the eligible shareholders, in a 9:5 ratio.Remedium Lifecare informed us about the development regarding bonus shares, saying, "Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has considered, approved, and recommended a Bonus Issue of 3 Equity Shares of Re. 1/- each fully paid up for every 1 Equity Share of Re. 1/- Each fully paid-up is held as of the Record date decided for this purpose.
The Bonus Shares, once allotted, shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action recommended and declared after the issue and allotment of such Bonus Shares.""The Record Date for the Bonus Issue of Equity Shares in a ratio of 3:1, i.e., Three Equity Shares of Re. 1/- each fully paid up for every One Equity Share of Re. 1/- each fully paid upheld as on the record date decided for this purpose ((if approved by the shareholders in the
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