Bahamas - FirstCaribbean International Bank

Directors’ Report
Teresa S. Williams
DIRECTORS
During the year Teresa Butler resigned as Director of the Company effective
June 29, 2007.
In accordance with the Memorandum and Articles of Association, the
following Directors cease to hold office at the end of the Annual General
Meeting, and being eligible offer themselves for re-election:-
i. Sharon E. Brown
ii. Jan-Arne Farstad
iii. Terence R. Hilts
iv. Joseph W.P. Krukowski
v. Michael Mansoor
vi. Willie Moss
vii. G. Diane Stewart
DIRECTORS’ INTEREST
As at October 31, 2007, particulars of Directors’ shareholdings in the issued
capital of the Company are as follows:
FINANCIAL RESULTS AND DIVIDENDS
The Directors report that the Company’s net income for the year ended
October 31, 2007 amounted to $109.860 million. All statutory requirements
for the year ended October 31, 2007 have been fulfilled.
An interim dividend of twenty-two cents ($0.22) per common share was paid
on July 6, 2007. A final dividend of twenty-five cents ($.25) per common
share for the fiscal year 2007 was approved by the Directors on December
17, 2007 and paid to shareholders on January 7, 2008. Total dividends paid
for fiscal 2007 were forty-seven cents ($0.47).
SHARE CAPITAL
Substantial Interest as at October 31, 2007*
Common Shares of B$0.10 par value
1. FirstCaribbean International Bank – 114,463,600 (95.21%)
*Substantial interest means a holding of 5% or more of the company’s issued
share capital.
COMMON SHARES OF NO PAR VALUE
Beneficial
Interest
Non-Beneficial
Interest
BY ORDER OF THE BOARD
1. Terence Hilts 31,220 nil
Teresa S. Williams
Corporate Secretary
June 4, 2008
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