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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 31REPORT OF THE DIRECTORSThe Directors have pleasure in presenting their Report to the Members together with the Audited Financial Statements for the year ended 31 December, 2021. (Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated).Results for the year 2021$ $Total comprehensive Income for the year 15,931Deduct:Dividend paid:PREFERENCE%u2013 Final 2020 %u2013 3% 44 Interim 2021 %u2013 3% 44ORDINARY%u2013 Final 2020 %u2013 5 cents per share 2,000 Interim 2021 %u2013 0 cents per share 0 ( 2,088)Income for the year 13,843Retained Earnings and other reserves brought forward 220,247Retained Earnings and other reserves at 31 December, 2021 234,090DIVIDENDSAn Interim Dividend of 3% was paid to participating Preference Shareholders and zero ($0.00) cents was paid to Ordinary Shareholders in November 2021. The Directors have declared Final Dividends of 3% and 7 cents per share to be paid to Preference and Ordinary Shareholders respectively, who are on the Register of Members on 23 May, 2022. Dividends will be paid on 15 June, 2022.DIRECTORSIn accordance with By-Law No. 1, paragraph 4.3.2, Mr. Conrad Sabga and Ms. Sharon Christopher retire from the board and being eligible, offer themselves for re-election. Under By-Law No 1, paragraph 4.3.6 it is being proposed that Dr. Karrian Hepburn Malcolm be elected Director at the Annual General Meeting of Shareholders on 26th May, 2022.AUDITORSErnst & Young have expressed their willingness to continue in office.BY ORDER OF THE BOARDGerhard Pettier Company Secretary15th March, 2022