Page 202 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

200 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

29 Equity compensation benefits (continued)
Stock option plan (continued)

The weighted average share price for share options exercised during the year was $96.24 (2024: $96.28). For options outstanding
at September 30, 2025, the exercise price ranged from $92.67 to $142.24 and the weighted average remaining contractual life
was 7.6 years.

The total expense for the share option plan was $5.1 million (2024: $4.7 million).

Profit sharing scheme
It is estimated that approximately $223 million (2024: $206 million) will be allocated to staff from the profit sharing scheme
in the current financial year as shown in Note 19 (d).

30 Dividends paid and proposed

2025 2024

Declared and paid during the year
Equity dividends on ordinary shares:
Final dividend for 2024: $3.55 (2023: $4.10) 581 671
Interim dividend for 2025: $2.15 (2024: $2.15) 352 352

Total dividends paid 933 1,023

Proposed
Equity dividends on ordinary shares:
Final dividend for 2025: $3.85 (2024: $3.55) 631 581

31 Contingent liabilities
a Litigation
As at September 30, 2025, there were certain tax and legal proceedings outstanding against the Group. No provision
has been made as professional advice indicates that it is unlikely that any significant loss will arise or that it would be
premature at this stage of the action to determine the eventuality.

b Customers’ liability under acceptances, guarantees, indemnities and letters of credit

2025 2024

Acceptances 2,796 2,711
Guarantees and indemnities 319 357
Letters of credit 346 655

3,461 3,723