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.
Demerara Distillers Limited will hold their 68th Annual General Meeting on Friday October 9, 2020 at 4:00 p.m. at 214 Camp Street, North Cummingsburg, Georgetown.
Here is an extract of the Notice of Annual General Meeting:
“In light of the restrictions on public gatherings imposed under the Health Ordinance as a result of the Coronavirus global pandemic (COVID-19), the AGM will be conducted in the manner directed under Order of Court dated and entered on the 4th day of September 2020 to wit:
(a) no more than seven individuals (whose names are set out at (i) to (vii) below) representing, personally or by proxy, no less than 40% of the shareholding of DDL shall be present, in the capacity solely as shareholders, at the AGM namely;
(i) Chandra Gajraj, Trust Company (Guyana) Ltd.
(ii) Maurice John, Hand in Hand Trust Corp. Inc.
(iii) Phillip Fernandes, JP Santos & Co. Ltd.
(iv) Khemraj Goberdhan, Diamond Fire & General Insurance Inc.
(v) Rajnarine Singh, Sannap Manufacturing Co. Ltd.
(vi) Ede Tyrell
(vii) Colin Thompson
(b) as a shareholder of DDL, you are entitled to observe the AGM via electronic/virtual platform but not to be physically present at the Meeting. The access code for the electronic/virtual platform has been mailed to you along with this Notice;
(c) as a shareholder of DDL, you are entitled to appoint one of the seven individuals named at (a) above as your proxy with instructions as to voting on the Motions to be proposed at the AGM. These Motions are set out in the Proxy Form, mailed to you along with this Notice;
(d) shareholders may contact the Company Secretary’s Office at telephone numbers 592-265-2089 or 592-265-6000 or email: email@example.com to address any questions in relation to this Notice or the AGM.”
GBTI had scheduled its financial year 2019 Annual General Meeting for August 28, 2020, however, as a result of the decisions taken by the government on the protocols for managing COVID-19 and with reference to COVID-19 emergency measures (No.8) published in the Official Gazette 14 August, 2020, the bank has taken the decision to postpone the holding of the aforementioned AGM to a date later in the year. That decision considers the restrictions on large gatherings and the wellbeing of shareholders, employees and the public at large.
The bank is cognizant of its obligations to its shareholders and will work to a timely convening of the AGM in the interest of all stakeholders.
The Board of Directors of Banks DIH Limited met on July 24, 2020 and appointed Mr. Alester Cameron as Director with effect from July 24, 2020.