Standard Chartered Bank holds extraordinary general meeting
Sierra Leone – Standard Chartered Bank hosted an Extraordinary General Meeting of shareholders Thursday 15th at the British Council Hall at Tower Hill to primarily pass a resolution that will enable the company meet the minimum capital requirement of Le 20 billion as fixed by the Bank of Sierra Leone as at 31st December 2011.
As he welcomed shareholders and declared the Extraordinary General Meeting open, the Chairman of the Board of Directors, Mr. Alex Kamara, proposed the following resolutions so as to increase the paid up capital of the company of one (1) bonus share of Le 1.00 each for every six (6) shares held by shareholders in the company’s Register as at 30th September 2011, there utilizing part of the revenue reserve as at 30th September 2011.
This resolution was carried and adopted accordingly.
Mr. Alex Kamara, on behalf of the board, management and staff of Standard Chartered Bank thanked the shareholders for their attendance and co-operation and wished them a happy Christmas and prosperous 2012.
He afterwards declared the Extraordinary General Meeting closed.
By Mary .I. Kamara
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