Jun 2023 Financial News

Angostura Holdings Limited - Notice of Annual General Meeting

Jun 07, 2023

NOTICE IS HEREBY GIVEN that the Forty-First Annual Meeting of ANGOSTURA HOLDINGS LIMITED (“the Company”) for the year ended December 31, 2022 will be held in person at the House of Angostura, Corner Eastern Main Road and Trinity Avenue, Laventille on Wednesday July 05, 2023 at 10:00 a.m. to transact the following business: 

ORDINARY BUSINESS:

1. To receive and consider the Report of the Directors and approve the Audited Financial Statements of the Company for the financial year ended December 31, 2022 together with the report of the Auditors thereon;
2. To re-elect a Director;
3. To reappoint PricewaterhouseCoopers as Auditor of the Company and its subsidiaries to hold office until the close of the next Annual Meeting and that the Directors be authorised to fix their remuneration;
4. To approve a final dividend of $0.25 per share for the financial year ended December 31, 2022; and
5. To transact any other business that may be properly brought before the meeting.
    

SPECIAL BUSINESS:
Amendment to Paragraph 6.5 of By-Law No. 1 of the Company

In order to facilitate the routine hosting of Board and Sub-Committee meetings in a hybrid or virtual format post the COVID-19 pandemic without the need for the consent of all directors to be given at each meeting, in accordance with Section 66(1) of the Companies Act, Chap. 81:01, the Directors, by resolution passed on May 26, 2023, amended the Company’s By-Law No. 1 to delete paragraph 6.5 – ‘Telephone Participation’:

 “6.5 Telephone participation  A director may, if all the directors consent, participate in a meeting of directors or of any committee of the directors by means of such telephone or other communications facilities as permit all persons participating in the meeting to hear  each other and a director participating in such a meeting by such means is deemed to be present at that meeting.”

and replace with a new paragraph 6.5 – ‘Participation in meetings by Telephone or other Electronic Means’.
Pursuant to Section 66(2) of the Companies Act, Chap. 81:01, Shareholders will be asked to consider, and if thought fit, confirm the amendment by passing the following ordinary resolution:

“BE IT RESOLVED THAT the amendment to By-Law No. 1 of the Company which was effected by resolution of the Board of Directors on May 26, 2023, be and is hereby confirmed, and that the Company’s By-Law No. 1 be and is hereby amended by replacing the existing paragraph 6.5 with the following new paragraph 6.5:

  6.5 Participation in meetings by Telephone or other Electronic Means
Notwithstanding anything contained in these By-Laws, a meeting of directors or of any committee of the directors may be held partly or entirely by means of such telephonic, electronic or other communication facilities as permit all persons participating in the meeting to hear each other. In the event a meeting is to be held by such means, the Directors shall establish the procedures for the conduct thereof including but not limited to, the procedures for participation.”

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 7th June, 2023