The company has reduced the size of the Board of Directors significantly from the current 22 members to 12, following decisions taken at a retreat of its Executive Directors held recently. According to Chairman and CEO, Senator Douglas Orane deciding on the optimal size of the Board of Directors which would ensure its maximum effectiveness […]
A a special meeting of the Board it was resolved that the directors declare an interim dividend for the year 2001 in the amount of eight cents per stock unit (less income tax) payable on November 14, 2001 to shareholders on record as at October 30, 2001.
At a meeting of the Board of directors on May 15, 2001, it was resolved that the directors declare a preference dividend of 2.4% on the amount of $150,093,188 in respect of the company’s Convertible Cumulative Redeemable 10% Preference Shares for the period October 1, 2000 to December 31, 2001. Payment date is May 31, […]
Mr. William Craig has resigned from the Board of Directors of the company. Ms. Deanne Bell was subsequently sppointed to the Board at the Board meeting of the company held on September 26, 2001.
Mr. Ronald Harford and Mr. Ronald Huggins both of Republic Bank Ltd. have resigned from the Board of the company effective September 26, 2001. At a meeting of the Board of Directors of CIBC WI on October 2, 2001, Ms. Jacqueline Beaurivage and Ms. Kathryn Casparian were appointed to fill the casual vacancies created by […]
The Board of directors at its meeting on October 1, recommended the following resolutions for adoption by shareholders: Increase in authorised share capital from $300 million to $350 million by the creation of 50 million additional shares of $1.00 and for a one for four bonus.The record date for the bonus issue is November 23, […]
The annual general meeting will be held on November 13, 2001 at the Hospitality Centre at 214 Spanish Town Road at 11:30 a.m. At a meeting of the Board on September 25, 2001 resolutions were passed with respect to the recommendation by the Directors of the company that the company declare a final ordinary dividend […]
Mr. Kelvin Mahabir, the substantive General Manager of the company was re-assigned to the Corporate Office of the TCL Group of Companies in Trinidad and has assumed the position of General Manager, International Business and Marketing, effective September 1, 2001. Mr. Arun Goyal has been confirmed as the General Manager of the company until December […]
Nicole Foga and Milton Weise, the Government nominees on the Board of Directors have resigned with immediate effect. Mr. Milton Weise was appointed to the Board on August 28, 2001, to fill the casual vacancy created by Government’s removal of their representatives.
The Board of the company has approved the acquisition of over 13 million shares in the capital of N.E.M. (West Indies) Insurance Ltd. representing 36.0 per cent of the total issued share capital of NEMWIL, pursuant to an agreement concluded by Group management effective July 13, 2001. GHL has agreed to acquire an option from […]