Page 25 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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Directors’ Report

Your Directors have pleasure in submitting their Report for the year ended September 30, 2025.
Financial results and dividends

The Directors report that the Company has recorded a profit after taxation of 15.49 million for the year ended September 30, 2025.

The Directors have declared a dividend of $1.20 per share (2024: $3.15) to shareholders on record as at November 19, 2025.

Substantial interest in share capital as at September 30, 2025
Ordinary Shares

Republic Financial Holdings Limited 3,204,236
National Insurance Scheme 190,704

A substantial interest is a holding of five percent or more of the issued share capital of the Company.

Directors
In accordance with By-law No.3 paragraph 4.3.1, Karen Yip Chuck, Leslie-Ann Seon, Ethelstan Angus Friday and David Robinson
retire from the Board by rotation and, being eligible, offer themselves for re-election for a term expiring at the close of the third
annual meeting following this appointment.

Isabelle Slinger retired from the Board of Directors, effective November 30, 2024, after fifteen years of service.

Graham Williams resigned from the Board of Directors, effective December 10, 2024.

Directors’ Interest

Set out are the names of the Directors with an interest in the company at September 30, 2025, together with particulars of their
holdings.

Director Beneficial Interest Non-Beneficial Interest

Karen T. Yip Chuck Nil 50
Leslie-Ann V. Seon 50 Nil
Christopher C. Husbands 390 Nil
Ethelstan Angus Friday Nil 50
David R. Robinson Nil 50
Naomi E. De Allie Nil 50
Marsha A. Mc Leod-Marshall Nil 50
Barry J. deC. Collymore Nil 50
Juan Bailey Nil 50

Auditors

The retiring auditors, Ernst & Young have expressed their willingness to be re-appointed, and a resolution to that effect will be
proposed at the Annual Meeting.

By order of the Board,

ANDREA M. DE MATAS
CORPORATE SECRETARY