Press Release
February 3, 2012
The price for Banks DIH Ltd shares traded on the local stock exchange has increased and Chairman Mr. Clifford Reis said it is an indication of investors’ confidence in the company’s performance.
Banks DIH Limited shares were traded at $13.50 per share on the local stock exchange, the Guyana Association of Securities Companies and Intermediaries Inc (GASCI) at the close of trading on January 31, 2012.
Mr. Reis in his speech to shareholders at the 56th Annual General Meeting last month reported there has been a steady increase in the Company’s shares price. He noted that the Company shares were traded on the local exchange at 30th September 2011 for $12.00 per share in comparison to $11.80 per share a year earlier, an increase of $0.20 per share.
“The share price is no doubt indicative of Investors’ confidence in the company’s performance, both now and in the future,” Mr. Reis said.
The equity of the Group was $19.1 billion. The issued share capital of 1.0 billion shares shows a net asset per share of $19.10 which indicates the minimum price at which Banks DIH Limited shares should be traded.
The Board of Directors of Banks DIH Limited declared a first interim dividend of $0.15 per share, which was paid on May 20, 2011, a second interim dividend of $0.15 per share was paid on October 17, 2011 and a final dividend of $0.55 per share was made payable on January 23 this year.