YOUR SHAREHOLDER RIGHTS AND RESPONSIBILITIES

An Introduction to all you need to know as a Valued Shareholder

As a Shareholder of ACB Grenada Bank Ltd. (hereinafter referred to as ACB Grenada Bank / the Company), shares confer an interest in the Company with certain rights and responsibilities, as detailed in its  Articles, Bylaws and other relevant legislative provisions.

SHAREHOLDER RIGHTS

• • To attend and vote at Shareholders Meetings
  • To elect the Directors
  • To appoint the  External Auditors
  • To receive Audited Financial Statements, External Auditor’s Reports & Proxy Circulars
  • To information via disclosure documents
  • To dividend, if declared
  • To make Shareholder proposals.

SHAREHOLDER INFORMATION

Shareholders are entitled to have access to:

• Articles and Bylaws, unanimous Shareholder Agreement (s)

• • Minutes and resolutions of Shareholders
  • Copies of all Notices
  • Register of Members, Directors, Secretaries
  • Register of Directors’ holdings
  • Register of substantial shareholdings.

THE RIGHT TO VOTE

One of the key rights of a Shareholder is the right to vote their shares at the Annual General Meeting and/or any other Special Shareholders Meeting, as convened.

WHY ATTEND MEETINGS AND VOTE?

A Shareholder’s opinion about ACB Grenada Bank matters.

Shareholder voting rights not only confers the power to elect Directors and vote on matters properly tabled at Shareholders’ Meeting, but also afford Shareholders the opportunity to make their voices heard.

As an institution committed to complying with  established corporate governance standards, the exercise of a shareholder’s right to vote , whether by proxy or in person, remains in the best interests of ACB Grenada Bank.

This process helps determine the leadership, organization and direction of the Company.

PROXY VOTING

The Company’s Bylaws permit Shareholders to vote by proxy.  This occurs when a Shareholder authorizes another person by the completion of an approved Proxy Form to attend and vote at a Shareholders Meeting. Shareholders are free to issue special instructions to vote in accordance with their wishes.

THE RIGHT TO DIVIDEND, IF DECLARED

The decision to recommend the payment of a dividend to Shareholders in respect of each financial year end, rests with the Board of Directors and remains discretionary.

TYPES OF DIVIDEND

• Cash Dividend – a fixed sum paid as at the record date
• Stock Dividend – distribution of additional shares to Shareholders as at the record date.

SHAREHOLDER RESPONSIBILITIES

• To exercise Shareholder rights:
• with good judgment
• responsibly
• taking into consideration the overall best interests of ACB Grenada Bank
• To attend Shareholders Meetings
• To be informed. To know the provisions of the Company’s Bylaws
• To call upon the Board of Directors to account for the Company’s performance.

SHAREHOLDER INQUIRIES

The Company’s Shareholder Registry is currently being managed by the Eastern Caribbean Central Securities Depository Ltd. (ECCSD), based in Basseterre, St. Kitts.

For all Shareholder queries and/or transactions to include Share Transfers and Account updates, please contact the ECCSD directly via:

• Email: info@ecseonline.com
• Telephone: 1(869) 466 – 7192 / 1 (800) 744-9238 (access only available within the Eastern Caribbean).

Please also refer to the Eastern Caribbean Securities Exchange (ECSE) website at www.ecseonline.com under its Investor Center for information on Investor Fees and Registry Forms.