The shareholders of Republic Bank of Grenada have agreed and approved the removal of the financial institution from the Eastern Caribbean Securities Exchange where its shares are currently trading at EC$45 per share.
According to a notice by the bank, shareholders agreed to delisting the financial institution at the annual meeting held January 22 this year.
The Eastern Caribbean Central Securities Depository will continue as registrar to the company for the maintenance of the share certificate registry and the payment of dividends to shareholders.
According to the ECSE, the value of Republic Bank shares dropped by one dollar last Thursday when 200 shares traded at EC$44 EC per share from its last traded price.
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