The Bank of Nevis Limited (the ‘Bank’) held its 33rd Annual General Meeting at Occasions on the Pinneys By-pass Road on Thursday, December 19, 2019 at 5:00 pm.
The Bank’s shareholders received and considered the accounts of the Bank for the financial year ended June 30, 2019. The Group reported net profit after tax of EC$5.0 million, compared to EC$8.3 million in 2018.
The Bank’s Board of Directors recommended and received approval for a dividend of 10 cents per share to be paid to shareholders for the financial year ended June 30, 2019. This resulted in a total dividend payout of EC$1,809,664.40.
Laurie Lawrence was re-elected to the Board of Directors now in the capacity as non-independent director. Clydella Hanley was elected to the Board of Directors as an independent director.
Deloitte and Touche, Chartered Accountants, were re-appointed as the Bank’s auditors for the year ending June 30, 2020.