Home' Trinidad and Tobago Guardian : July 16th 2017 Contents people A25
Sunday, July 16, 2017 guardian.co.tt
REPORT ON 14TH ANNUAL
At the 14th Annual General Meeting (AGM) held on Friday, June 16, 2017 the
Members (the “Shareholders) of Sagicor Financial Corporation Limited (“SFC”
or the “Company”) approved an increase in and amendment to the authorised
share capital of the Company from US$4,244,941.31 divided into (i) 304,494,131
common shares of par value US$0.01 each (“the Common Shares”); and (ii)
120,000,000 convertible redeemable preference shares of par value US$0.01 (“the
Convertible Redeemable Preference Shares”) to US$9,700,000.00 divided into
(x) 650,000,000 Common Shares; and (y) 320,000,000 preference shares of par
value US$0.01 each (“the Preference Shares”), by the creation of 200,000,000
new Preference Shares and the re-designation of the 120,000,000 Convertible
Redeemable Preference Shares as 120,000,000 Preference Shares, such Preference
Shares to be issued by the Board of Directors of the Company with such relative
designation, powers, preferences, rights, qualifications, limitations and restrictions
as the Board of Directors of the Company may, from time to time, determine in
accordance with Bye-law 4.3 of the Amended Bye-laws as proposed in the Notice
of the Annual General Meeting dated May 15, 2017 (the “Notice”). The requisite
Memorandum of Increase of Share Capital has now been filed with the Bermuda
Registrar of Companies.
At the AGM, approval was also given by Shareholders to amend Bye-law 4 and Bye-
law 79 of the Bye-laws of the Company as set out in the Notice.
Resolutions relating to the extension of the term of the Executive Long-term
Incentive Plan and an increase in the aggregate number of common shares reserved
to be issued pursuant to the terms of the Executive Long-term Incentive Plan and
the Employee Share Ownership Plan were presented to the Shareholders and were
Shareholders also approved the classification of directors into Class I, II and III and
re-elected Mr. Andrew Aleong, Professor Sir Hilary Beckles, Mr. John Shettle, Jr.
and Mr. Richard P. Young for another three-year term. The incumbent Auditors,
PricewaterouseCoopers SRL, were also re-appointed for the ensuing year.
NOTICE FOR SALE
1. One (1) Black Great Wall
Wingle5 4x2 Pick-Up bearing
Reg. no. TCY 855
Chattel item can be viewed at;
Stanley’s Car Sales
#34 Sieudass Street,
Bids must be addressed to:
Chattel Sales Committee
Agricultural Development Bank
#87 Henry Street,
BIDS CLOSE AT 3:00PM ON
MONDAY 17TH JULY 2017
A Chinese mall has introduced “husband stor-
age” facilities for wives to leave their spouse
while they shop.
According to The Paper, the Global Harbour mall
in Shanghai has erected a number of glass pods for
wives to leave any disgruntled husbands that don’t
want to be dragged around the shops.
Inside each individual pod is a chair, monitor, com-
puter and gamepad, and men can sit and play retro
Currently, the service is free, but staff told the
newspaper that in future months, users will be able
to scan a QR code and pay a small sum for the service
using their mobile phones.
A few men that tried out the pods told The Paper
that they thought they were a novel idea.
Mr Yang said he thinks the pods are “Really great.
I’ve just played Tekken 3 and felt like I was back at
Another man, Mr Wu, agreed, but said that that he
thought there were areas for improvement. “There’s
no ventilation or air conditioning, I sat playing for
five minutes and was drenched in sweat.”
The pods have been the source of much humour
on Chinese social media, and have sparked debate
about whether they could be rolled out even wider.
One user approves the decision, saying that the pods
“give these men an incentive to go shopping, and to
pick up the bill” for their wives shopping.
But others disagree. “If my husband just wants to
go out and play games, what’s the point of bringing
Tekken 3 in
storage’ pods for
Links Archive July 15th 2017 July 17th 2017 Navigation Previous Page Next Page