Call us (PABX): +975 17151111, +975 77151111

༉ ཇི་ཨའི་སི་འབྲུག་སླར་བཅོལ་ཚད་འཛིན།།

GIC-Bhutan Reinsurance Company Ltd.

Reinsurance with Professionalism, Trust & Reliability

Bhutan Flag

NOTICE FOR EXTENSION OF “SUBSCRIPTION OF RIGHTS SHARE ISSUE” TO SHAREHOLDERS

Notice is hereby given that due to the sudden lockdown of the nation, and with subsequent approval from Royal Securities Exchange of Bhutan, GIC-Bhutan Reinsurance Company Limited will be extending the subscription of rights share issue till 5th October 2020 which was supposed to be closed by 10th September 2020 according to the earlier subscription notification.

Therefore all the shareholders are requested to kindly approach our appointed broker RICB Securities Limited for any further details regarding the subscription of shares.

Management

NOTICE FOR RIGHTS SHARE ISSUE TO SHAREHOLDERS

RECORD DATE & SUBSCRIPTION OPENING & CLOSING DATE

 GIC-BHUTAN REINSURANCE COMPANY LIMITED

Notice is hereby given that GIC-Bhutan Reinsurance Company Limited will be issuing Rights Shares in the ratio of 1:1.2  at face value Nu. 10 as decided in the Extraordinary Meeting held on 16th July 2020. Below are timeline:

  1. Record Date for determination of entitlement of rights issue: 7th August 2020.
  2. Issue Subscription Opening date: 10th August 2020
  3. Issue Subscription closing date   : 10th September 2020

ll the shareholders are requested to kindly approach our appointed Broker RICB Securities Limited for any further details regarding the subscription of shares. The Application form can be downloaded HERE

All the Shareholders are requested to kindly take note of the above.

With Best Regards 

 Management

Chief Executive Officer

Mr. Kesang Wangdi, CEO, is an Executive Director on the board of our company.

  • Trashiyangtsi, Bhutan
  • Qualification: B.com (Hons) from Sherubtse College, 1994
  • Certified Audit Clerk, 3 years from ICAI, India 1998
  • MBA( International Business) from UTCC, Thailand 2007
  • Past Working Experience: 24 years. The last organization served the Bhutan Chamber of Organization as Dy. Secretary-General
  • Other positions served: Board Directors of Accounting & Auditing Standard Board of Bhutan, Queens Project( BRCS), Bhutan Agro Industry Ltd. Royal Institute of Management, DRUK Ferro Alloys Ltd, DRUK PNB, CCM( Global Fund), OCM( SAARC TPN), GIC-Bhutan Reinsurance Co. Ltd.

Mr. Ugyen Tobgyel

Senior Assistant – ERM

  • Martshala, Samdrup Jongkhar.
  • Qualification: MDP, BSc.
  • Past Working Experience: 2 Years in Green Bhutan Corporation
  • Date of Joining GIC-Bhutan: 4th Jul 2019

Mr. Passa

Senior Assistant, General Accounts

  • Thimphu
  • Qualification: Bcom
  • Date of Joining GIC-Bhutan: 01st Jul 2019

Mr. Sonam Wangyel

Senior Assistant, Human Resource

  • Momring, Lauri, S/Jongkhar
  • Qualification: Bcom
  • Date of Joining GIC-Bhutan: 01st Jul 2019

Ms. Chimmi Yangdon

Senior Assistant, IT

  • Samchholing, Menbi, Lhuentse
  • Qualification: Diploma JNEC
  • Date of Joining GIC-Bhutan: 01st Jul 2019

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Mr. Tshering Tobgay

Driver

  • Changmey, Shongphu, Tashigang
  • Qualification: 12th Std. Pass
  • Date of Joining GIC-Bhutan: 1st Apr 2019

NOTICE

Gic

NOTICE FOR 6TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

GIC-BHUTAN REINSURANCE COMPANY LIMITED

Notice is hereby given that the 6th Annual General Meeting of the shareholders of GIC-Bhutan Reinsurance Co.Ltd will be held on Wednesday, 10th April 2019 at 1200 hours in the Conference Hall of Hotel Riverview, Thimphu.

All the shareholders are requested to make it convenient to attend the meeting in person or by proxy. The form for proxy, Nomination Form and form of Consent to Act as Director is available at GIC-Bhutan Reinsurances Co. Ltd’s Office on demand or can be download from HERE.

In order to facilitate the Management to make arrangements for meeting, it would be appreciated if written confirmation of the Shareholders participation at the meeting is conveyed to the company secretary latest by 3rd April 2019 through e-mail to cs@gicbhutanre.com or compliance@gicbhutanre.com.

Agenda for the AGM:

  1. Adoption of Agenda
  2. Adoption of the Audited Accounts for the year ended 31st December, 2018 along with Auditor’s Report
  3. Declaration of Dividend if any
  4. Any other matters

For further information, please contact Mr. Jigme Penjor, Compliance Officer, GIC-Bhutan Reinsurance Co. Ltd at +975-17151111/77151111

Management