Jun 2006 Financial News

Scotia shareholders approve issue

Jun 02, 2006

Scotiabank shareholders last week voted to capitalise $150 million standing to the credit of the company’s retained earnings account for distribution by way of a bonus issue of shares in the Company.

Shareholders will receive one additional share for every two Ordinary Shares held.

Shareholders eligible will be those on record at a date to be determined by the directors of the company.

This approval is subject to obtaining all necessary approvals and licences under the Laws of the Republic of T&T, and in particular, to compliance with all the requirements of the Foreign Investment Act, 1990.

The Trinidad Guardian
Friday, 2nd June, 2006.
http://www.guardian.co.tt/business4.html