Feb 2011 Financial News

NEL - Notice to Shareholders of Special Meeting

Feb 17, 2011

The following notice to shareholders was received by the Stock Exchange:

National Enterprises Limited (NEL) has advised that three of the Company’s directors, namely, Messrs. Jeffrey Maxime, Frank Look Kin and Dr. Selwyn Ryan, retired at the Eleventh Annual Meeting held on August 12, 2010. Subsequently, one director, Mr. Rudranath Indarsingh, resigned on May 27, 2010 and two directors, Mr. Jerry Hospedales and Mr. Leroy Mayers resigned effective February 14, 2011. These actions leave the Company with only three directors which is insufficient to conduct effectively and efficiently the business of the Company.

For the reasons stated above, the Board intends to convene a Special Meeting of the shareholders of the Company on March 22, 2011. The meeting will be held at 10:00 am at the Crowne Plaza Hotel, Wrightson Road, Port of Spain and the business will be limited to 2 agenda items:

(i) to elect Directors; and

(ii) to transact such other business as may properly come before the meeting or any adjournment.

Nominations, if any, should be submitted to the Company not less than 21 days before the day appointed for the meeting.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday February 17, 2011