Demerara Bank Limited wishes to advise that due to COVID-19 restrictions which prevents gatherings of more than ten(10) persons, would be unable to have its Annual General Meeting.
However, the bank has taken the decision to approach the High Court seeking an order to have its 26th Annual General Meeting on December 18th, 2020 which will be held virtually via Zoom or Microsoft Teams, as may be, at their Head Office & Corporate Banking Branch, 214 Camp street, North Cummingsburg, Georgetown at 4:30pm.
Once the order is obtained, final dividend will be paid to shareholders on December 21, 2020 subject to the relevant approvals.
The Directors of Demerara Bank Ltd met on October 30, 2020 and recommended a Final Dividend of $1.25 per share for 2020, subject to approval by Shareholders at the Annual General Meeting.
The Board of Directors at their meeting held on October 19, 2020, resolved that the 36th Annual General Meeting of Republic Bank (Guyana) Limited will be held on December 7, 2020. The Board of Directors recommended a Final Dividend of $3.25 per share for the year ended 30th September 2020, subject to stockholders approval.
The Directors of Demerara Tobacco Company Ltd. met on July 24, 2020 and approved the payment of a Second Interim Dividend of $20.90 per share to be paid on October 2, 2020. The share register will be closed for the period September 29 – October 2, 2020, both days inclusive, to facilitate the payment of the Interim Dividend.
Approval was granted by the Ministry of Legal Affairs for the extension until March 31, 2021 to host the 86th Annual General Meeting of Demerara Tobacco Company Limited.