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ANNUAL REPORT 2024 53Report 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 2024. (Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated).DIVIDENDSAn Interim Dividend of 3% was paid to participating Preference Shareholders and zero ($0.00) cents was paid to Ordinary Shareholders in November 2024. The Directors have declared Final Dividends of 3% and four ($0.04) cents per share to be paid to Preference and Ordinary Shareholders respectively. The final dividend will be paid on 16 June 2025 to shareholders on the Register of Members as at 22 May 2025. DIRECTORSIn accordance with By-Law No. 1, paragraph 4.3.2, Mr. Conrad Sabga and Ms. Sharon Christopher retire from the board and being eligible, offer themselves for re-election. AUDITORSErnst & Young have expressed their willingness to continue in office. BY ORDER OF THE BOARDCandice Changoor Corporate Secretary17 March, 2025RESULTS FOR THE YEAR 2024$ $Total comprehensive loss for the year (11,577)Deduct:Dividend paid:PREFERENCE %u2013 Final 2023 - 3% 44Interim 2024 - 3% 44ORDINARY %u2013 Final 2023 - 0 cents per share 0Interim 2024 - 0 cents per share 0 (88)Loss for the year (11,665)Retained Earnings and other reserves brought forward 215,545Retained Earnings and other reserves as at 31 December 2024 203,880