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DIRECTORS’ & SUBSTANTIAL INTERESTS<br />
DIRECTORS’ INTERESTS:<br />
In accordance with the provisions of Section 64 of the<br />
Securities Industry Act 1981 and the provisions of our<br />
Listing Agreement with the Stock Exchange, particulars<br />
of the interest of each Director in the Share Capital of the<br />
Company are set out below:<br />
Directors<br />
Ordinary Shares<br />
E. Carrington Nil<br />
R. Bertrand Nil<br />
A. Goyal Nil<br />
L. Dupres Nil<br />
H. Hosein Nil<br />
A. Ramcharan Nil<br />
C.H. Wayne Manning<br />
Nil<br />
S. Bachew Nil<br />
L. Parmasar Nil<br />
SUBSTANTIAL INTERESTS:<br />
A substantial interest means a holding of 5% or more of the<br />
issued share capital of the Company.<br />
No. of % of Issued<br />
Shares Share Capital<br />
Trinidad Cement 8,531,977 71.1%<br />
Limited<br />
Republic Bank 1,529,953 12.75%<br />
Limited -1162<br />
Colonial Life Ins. 670,646 5.59%<br />
Co. Trinidad Ltd.<br />
CONTRACTS<br />
No Director of the Company had any material interest in any<br />
contract relating to the business of the Company during or at<br />
the end of the financial year.<br />
DIRECTORS’ REPORT<br />
The Directors present their Report to the Members together<br />
with the Financial Statements for the year ended 31st<br />
December, 2010.<br />
FINANCIAL RESULTS<br />
Turnover 138,525<br />
Net Profit for the year (7,690)<br />
Translation Difference (85)<br />
Dividends<br />
Nil<br />
Retained Earnings Carried Forward 84,428<br />
DIVIDENDS<br />
The Board of Directors does not consider it prudent to<br />
approve a dividend for 2010, in light of the net losses<br />
recorded for the year.<br />
DIRECTORS<br />
In accordance with Clause 4.6.1 of By Law No. 1, Ms. Eutrice<br />
Carrington, Mr. Hollis Hosein and Mr. C.H. Wayne Manning<br />
retire by rotation and being eligible, offer themselves for reelection<br />
for a period up to the conclusion of the third Annual<br />
Meeting following.<br />
In accordance with Clause 4.4.2 of By Law No. 1, Mr.<br />
Lincoln Parmasar, having been appointed by the Board to<br />
fill a casual vacancy, is subject to re-election at the Annual<br />
Meeting for a period up to the conclusion of the third Annual<br />
Meeting following.<br />
AUDITORS<br />
The Auditors, Ernst & Young retire and being eligible, offer<br />
themselves for re-election.<br />
BY ORDER OF THE BOARD<br />
ISHA REUBEN-THEODORE<br />
Company Secretary<br />
8<br />
BUILD TO LAST FOR GENERATIONS