Maldives Transport and Contracting Company (MTCC) will hold its Annual General Meeting (AGM) on September 27.
MTCC's Virtual Annual General Meeting 2019 will be held on Sunday, 27th September 2020, at 1600hrs via FahiVote. Registration for AGM 2019 is now open.
— MTCC Plc (@MTCCPlc) September 10, 2020
For more details, please visit: https://t.co/qW73IK8FBt#MTCCAGM2019 pic.twitter.com/WgavdCM6l0
According to MTCC, the AGM will be held through the Maldives Securities Depository (MSD)'s online portal ' FahiVote'.
Shareholders and other relevant participants must register via the website infinity.mv or by emailing necessary documents to [email protected] before books close on September 25.
In June, MTCC's Board of Directors approved to distribute a dividend of MVR 2 per share for the year 2019.
MTCC recorded a profit of MVR 53.3 million last year, an uptake of nearly double the amount compared to MVR 34 million in 2018. The company decided to forgo distribution of its 2018 dividend due to low-profit levels.
In 2017, MTCC made MVR 145 million in profits and distributed a total of MVR 20.6 million in dividends, which amounted to MVR 2.60 per share.
The government currently owns 64.2 percent of MTCC shares while the remaining 31.15 percent of the shares are held by the general public.
Sign In
