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Annual General Meeting at ICCS on Wednesday July 8, 2015

July 07, 2015

The Seychelles Commercial Bank will be holding its 3rd and 4th Annual General Meeting involving private shareholders at the International Conference Centre, Victoria on Wednesday, July 8, 2015 from 1:30 p.m.

The purpose of the meeting is to approve its accounts and deal with other matters including approval of dividends of SR 3.00 million and SR 4.20 million for 2013 and 2014 respectively. In percentage terms the quantum of dividends work out to 5% for the year 2013 and 7% for the year 2014.

If approved, the dividend for both years will be paid on Saturday, 11th July 2015.

The Government of Seychelles presently holds 77% shares while private shareholders hold 23% shares of the bank.

The Government of Seychelles intends to hold only 60% shares in the bank and therefore will sell another 17% shares to account holders of the Bank at a later date. The price and the method of sale will be announced by the Government of Seychelles separately.

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