NOTICE OF MEETING
Notice is hereby given that a special meeting of shareholders of the Bank will be held at The Conference Room of the St. Lucian by Rex Resorts, Rodney Bay, Gros-Islet Saint Lucia, on Saturday the 17th December, 2016 at 9 a.m. to consider the following Resolution for the amendment of Article 3 of the Articles of Continuance of the Bank, to effect an increase in the authorized share capital of the Bank to 7,000,000 ordinary shares which resolution was duly proposed and approved by the Board of Directors :-
BE IT RESOLVED that pursuant to Section 44 of the Banking Act number 3 of 2015 of the Laws of Saint Lucia, Section 25.1 of By-Law No. 1 of the Bank, and Section 213 of the Companies Act Chapter 13.01 of the Laws of Saint Lucia, the Articles of Continuance of the Bank be and are hereby amended by Amending Article 3 thereof by deleting the classes and any maximum number of shares of 5,000,000 and increasing the classes and any maximum number of shares to 7,000,000. So that Article 3 of the Articles of Continuance shall read as amended:- “3. The classes and any maximum number of shares that the Company is authorized to issue: 7,000,000 Ordinary shares” NOTE A Shareholder entitled to attend the meeting and vote may appoint a proxy to vote in his/her place. A person appointed by proxy need not be a shareholder. The instrument appointing a proxy shall be in writing under the hand of the appointer or of his/her attorney duly authorized in writing, or if such appointer is a corporation, either under its common seal or under the hand of an officer or authority so authorized. The instrument appointing a proxy and the power of attorney or other authority if any under which it is signed or a notarially certified copy of that power of authority shall be deposited at the registered office of THE COMPANY not less than forty eight hours before the time for holding the meeting at which the person named in the instrument proposes to vote and in default the instrument of proxy shall not be treated as valid.