The Rokel Commercial Bank on Tuesday held its extraordinary shareholders meeting at the Bank Complex at Kingtom in Freetown.
After the reading of the previous minutes of the extraordinary general meeting held on Wednesday 8th November, the bank proposed a resolution to issue shares.
The company’s secretary, Mr Victor Cole read the special resolution to issue shared capital of the company by the issue of 1 bonus year for 1 Leone each for each year held by the shareholders in the company registered as at the 31st December 2006 which have formed part of the company’s revenue reserve as of the 31November 2006.
After discussions by a number who are wary over the National Privatization Commission’s intending privatization of the bank, the resolution was voted for by the majority.
The shareholders also wanted a representation of four directors instead of the three proposed to them because according to Mr Ibi May Parker, one of the shareholders said they had 49 shares while government had 51 shares.
“We should have four directors while the government gets five,” he stated.