Sagicor Group Jamaica Limited (SJ) has advised of an error in its 2016 Annual Report. The following is the correction to this error:
Page 12, Item 6 ii. To be amended as follows:
- ii. Article 99 of the Company’s Articles of Incorporation to be amended to add the following:
“The Company in General Meeting may, upon proposition of the Board of Directors, confer the title of Director Emeritus upon a director or former director who in its discretion, deems him fit to be recommended to the Company as a Director Emeritus, provided that there shall only be one (1) Director Emeritus, at any time. Any Director Emeritus so appointed shall not be subject to the provision of retirement by rotation as contained in these Articles. All Articles relating to directors as set out in these Articles shall apply to the Director Emeritus SAVE AND EXCEPT the Article relating to Rotation of Directors.”