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.
Shareholders are entitled to have access to:
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.
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
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:
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.
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