EASTERN CARIBBEAN SECURITIES EXCHANGE LIMITED AND ITS SUBSIDIARY COMPANIES
Notes to Consolidated Financial Statements (cont’d)
March 31, 2018
( Expressed in Eastern Caribbean Dollars )
Share Capital (cont’d)
a) Other than the Eastern Caribbean Central Bank (Class A) no single shareholder shall hold, whether beneficially or otherwise, more that 20% of the issued share capital of the Group.
i Classes holding 50% or more of the issued capital are allowed to nominate three (3) directors.
ii Classes holding between 20% and 49% of the issued capital are allowed to nominate two (2) directors.
iii Classes holding less than 20% of the issued capital are allowed to nominate one (1) director.
Earnings Per Share
The calculation of basic earnings per share is based on the following data:
Earnings Net profit for the year
Number of Shares Weighted average number of Ordinary shares
Earnings per Share
Contingent Liabilities and Capital Commitments
The Group had no capital commitments as at March 31, 2018.
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