StanChart Bank Kenya(SCBK) Limited has notified its shareholders that the 36th Annual General Meeting(AGM) will be held electronically on Wednesday 25th May 2022.
During this meeting, shareholders of SCBK will confirm the payment of one interim dividend of KSh 5.00 declared on 15th November 2021 and paid on December 29th 2021 for each ordinary share and approve the payment of a final dividend of KSh 14.00 for each ordinary share of KSh 5.00 on the issued share capital of the Company in respect of the year ended 31st December 2021.
This makes the total dividend payout for the year ended 31st December 2021 to KSh 19.00 per ordinary share.
The AGM will also confirm the payment of one interim dividend of KSh 83,309,589.00 declared on 15th November 2021 and paid on December 29th 2021 and approve the final dividend of KSh 4,690,411 on the non-redeemable, non-cumulative, non-voting, non-participating and non-convertible preference shares.
The dividends are to be payable to shareholders registered on the Company’s Register at the close of business on April 27th 2022, and will be paid on or after 25th May 2022.
The SCBK register will remain closed on 28th April 2022 to prepare dividend warrants.
During this meeting, Shareholders will also consider the re-election bids of Mrs. Kellen Kariuki and Ms Jukie Brownne, who are retiring as directors and seeking another term.
Shareholders will also confirm the appointment of Mrs. Niverdita Sharma and Birju Sangharajka as Directors, first appointed to fill casual vacancy positions and now offering themselves for election.
The meeting will also ratify the retirement of Patrick Obath, formerly Chairman of the Board of Directors, SCBK and re-appointment of Ernst& Young LLP Kenya as the auditor of the Company and authorize the remuneration of the Directors.
Registration of the AGM opens on April 27th 2022, at 9.00 am and will close on 23rd May 2022, at 11.00 am. Shareholders will not be able to register after May 23rd 2022, at 11.00 am.