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Business News of Friday, 28 May 2021

Source: GCB Bank Limited

LIVESTREAMED: GCB 27th Annual General Meeting

The AGM Proceedings is being  transmitted live on GTV and GhanaWeb play videoThe AGM Proceedings is being transmitted live on GTV and GhanaWeb

GCB Bank Limited will hold its 27th Annual General Meeting (AGM) this Friday, May 28, 2021 at the Kempinski Hotel in Accra.

The AGM which will be held virtually, is in compliance with Imposition of Restriction Act 2020 (Act 1012) and the Registrar General’s Department and Securities and Exchange Commission directives and guidance on holding virtual Annual General Meetings.

The agenda for the AGM includes; consideration and adoption of 2020 audited financial statements presented by Deloitte and Touche, ratification of the appointment of two Executive Directors, re-election of Directors among others. The AGM will also be used to declare dividend despite the difficult business environment occasioned by the Covid-19 pandemic. This will be the second time in a row GCB Bank is declaring dividend after the Bank of Ghana imposed restrictions on dividend payments due to the debilitating effects of Covid-19 on businesses.

The AGM will also be used to officially introduce the new Managing Director; Mr. John Kofi Adomakoh and the new Deputy Managing Director of Operations; Mr. Emmanuel Odartey Lamptey to the Shareholders.

There will be special resolutions to change the Bank’s name from GCB Bank Limited to GCB Bank PLC and also amend the Bank’s constitution accordingly.

Shareholders are to participate and vote at the AGM through a dedicated online platform or through an SMS code using a unique token number.

The AGM Proceedings will be transmitted live on GTV and also streamed across GCB Bank’s social media platforms.