LUCELEC TO HOLD IN­FOR­MA­TION SES­SION FOR SHARE­HOLD­ERS

The Star (St. Lucia) - - LOCAL -

Share­hold­ers of St Lu­cia Elec­tric­ity Ser­vices Lim­ited (LUCELEC) are in­vited to at­tend an in­for­ma­tion ses­sion to be held to­day, Satur­day Fe­bru­ary 6, at the CSA Cen­tre at Sans Souci.

Dur­ing the ses­sion a num­ber of amend­ments that have been made to the com­pany’s Byelaws (rules that share­hold­ers es­tab­lished for the or­ga­ni­za­tion to reg­u­late it­self) will be ex­plained to share­hold­ers who will be asked to pro­vide feed­back on th­ese changes.

The amend­ments stem from a com­pre­hen­sive re­view of LUCELEC’s Byelaws that be­gan in 2015. Th­ese range from cor­rect­ing ty­po­graph­i­cal er­rors, clar­i­fy­ing lan­guage, new pro­vi­sions re­gard­ing mat­ters such as pub­li­ca­tion of an­nual re­ports in elec­tronic for­mat as well as bring­ing the Byelaws in line with the Se­cu­ri­ties Act which was passed af­ter the Byelaws had been ap­proved by share­hold­ers al­most 20 years ago.

While a num­ber of piece­meal amend­ments have been made since that time, the aim of the ex­er­cise is to in­cor­po­rate all amend­ments into one re­vised doc­u­ment.

All share­hold­ers are in­vited to at­tend the ses­sion from which a fi­nal doc­u­ment will be pre­sented (for ap­proval) at a Spe­cial Meet­ing of Share­hold­ers to be held in May 2016.

The in­for­ma­tion ses­sion for all LUCELEC share­hold­ers will be held from 9:00 am to 12 noon.

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