News

The Board of Directors of The Rupununi Development Company Limited met on April 28, 2022 and approved the non-payment of a dividend to shareholders “due to the Company’s loss-making position”.

The Board of Directors of Republic Bank (Guyana) Limited met on April 25, 2022 and approved the payment of an Interim Dividend of $1.40 per share. Dividends are payable on May 23, 2022 and will be paid to shareholders registered as at the close of business on May 09, 2022.

The Rupununi Development Company Limited will hold their Annual General Meeting on Tuesday June 9, 2022 at 10:00 a.m. at The Hand-in-Hand Mutual Fire Insurance Company Limited offices at Lots 1,2,3,& 4 Avenue of the Republic, Georgetown.

Guyana Bank for Trade and Industry  Limited will hold their 34th Annual General Meeting on Monday May 23, 2022 at 4:00 p.m. at GBTI Corporate Office, High & Young streets, Kingston, Georgetown.

The meeting will be held in a hybrid from (virtually/limited physical attendance) and conducted in the manner directed by Order of the Court.

1. In order to reduce the number of members in physical attendance at the AGM to the requisite amount needed to constitute a quorum, members may appoint any one of the following designated persons to be their proxy and attend and vote on their behalf, that is to say:
   1. Suresh Beharry
   2. Edward Beharry
   3. Basil Mahadeo
   4. Stanley Boodie
   5. Agatha C. Ramjohn
   6. Nazam Ramjohn
2. Members may also attend and vote at the AGM by means of the Guyana Bank for Trade and Industry Limited Zoom virtual meeting platform.
3. In order to facilitate the effective use of the Zoom virtual meeting platform members may submit questions at least 48 hours before the commencement of the AGM to the following email address: marketing@gbtibank.com

The Directors of Banks DIH Ltd. met on April 28, 2022 and approved the payment of a First Interim Dividend of $0.40 per share to be paid on May 30, 2022. The share register will be closed on May 17, 2022 to facilitate the payment of the Interim Dividend.

At a Board meeting held on April 26, 2022, the Directors of Citizens Bank Guyana Inc. declared an Interim Dividend of $1.00 to be paid out of the company’s profits for the financial year ending September 30, 2022, payable on May 12, 2022 subject to the approval of the Bank of Guyana.

Demerara Distillers Limited will hold their 70th Annual General Meeting on Thursday May 12, 2022 at 4:00 p.m. at 214 Camp Street, North Cummingsburg, Georgetown.

“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 15th day of March, 2022 and entered on the 25th day of March 2022 to wit:

1. 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;
   1. Chandra Gajraj, Trust Company (Guyana) Ltd.
   2. Maurice John, Hand in Hand Trust Corp. Inc.
   3. Roger Yee, Guyana & Trinidad Mutual Group of Companies.
   4. Phillip Fernandes, JP Santos & Co. Ltd.
   5. Khemraj Goberdhan, Diamond Fire & General Insurance Inc.
   6. Ede Tyrell
   7. Colin Thompson
2. 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;
3. 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;
4. shareholders may contact the Company Secretary’s Office at telephone numbers 592-265-2089 or 592-265-6000 or email: csec@demrum.com to address any questions in relation to this Notice or the AGM.”

The Board of Directors met on Thursday, March 17, 2022 and recommended a Final Dividend of $1.15 for the year ended December 31, 2021. This brings the total dividend for the year to $1.55 per share.

The Directors of Guyana Bank for Trade & Industry Ltd. recommend the payment of a Final Dividend of $12.50 per share, which will bring total dividends to $16.00 for 2021. This recommendation is subject to the approval of the Bank of Guyana and the shareholders at their Annual General Meeting.