LUCELEC TO HOLD INFORMATION SESSION FOR SHAREHOLDERS
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.