24
Dec 2024
2

St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) holds 51st Annual General Meeting

Basseterre, St. Kitts – The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) held its 51st

St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) holds 51st Annual General Meeting

Investor Relations Press, Press Releases , , , , , , , , , , , , , , , , , , TDC Marketing

Basseterre, St. Kitts – The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) held its 51st Annual General Meeting on Tuesday 17th December 2024 at 5:00 p.m. at the St. Kitts Mariott Resort, Frigate Bay. The Company was pleased to host its shareholders both physically and virtually.

The Annual Report featured the Report of the Directors, reports from Board Committees, Independent Auditor’s (Grant Thornton) Report and the Financial Reports of the Company. It also highlighted the impact the Company has had on the lives of some of the Warren C Tyson Memorial Scholarship scholars, including Prime Minister Honourable Dr. Terrance Drew. A copy of the report may be found on the Company’s website at www.tdcgrouplimited.com.

The Company’s Financial Report covered the fourteen-month period spanning February 1, 2023 to March 31, 2024 as it transitioned from a year-end of January 31 to March 31. Highlights of the results for the period under review follow:

Particulars                    31 March 2024($)   31 January 2023($)

Total Assets                    459,262,973                  448,774,703

Shareholders’ Equity      200,328,441                  190,800,674

Profit before tax              15,763,307                    8,374,790

 

The shareholders approved the directors’ recommendation to pay a record dividend of 8 cents per share ($4,160,000), which is 60% higher than the 5 cents per share ($2,600,000) approved and paid in 2023.

Shareholders were fully engaged and participative, asked several pertinent questions and made recommendations.  A cocktail reception followed the meeting at which directors were able to have further discussions with shareholders.

The Company thanks all its shareholders and customers for their continued patronage, and its employees for their dedication and commitment to providing excellent customer service that fosters continued growth and prosperity.

 

21
Oct 2021
0

TDC Group of Companies presents 2021 Warren C. Tyson Memorial Scholarship

Eight (8) students, six (6) from St. Kitts and two (2) from Nevis, who recently started their secondary

TDC Group of Companies presents 2021 Warren C. Tyson Memorial Scholarship

Press Releases , , , TDC Marketing

Eight (8) students, six (6) from St. Kitts and two (2) from Nevis, who recently started their secondary school journey have been awarded the 2021 Warren C. Tyson Memorial Scholarship.

At a brief ceremony, held on Saturday 9th October 2021, Mr. Earle Kelly, TDC Group Chairman and Chief Executive Officer, and Mr. Francil Morris, the Chief Education Officer representing the Ministry of Education, presented the scholarships at the company’s headquarters on Fort Street in Basseterre.

In addressing the gathering, Mr. Kelly spoke of the importance of the programme, even against the backdrop of the COVID19 pandemic and pledged to support the educational advancement of the Nation’s future.

“We at TDC, we are firmly of the view that this is an investment come pandemic, hurricane or earthquake, we are going to continue to support the Warren C. Tyson Scholarship Programme. We have decided to cut back on a number of things, and this is one area where we decided, we can’t cut back on, because it’s an investment in the future.  Rest assured that all things being equal, this Programme will continue for another forty (40) years.”

The 2021 recipients are:

St. Kitts

Basseterre High School – Jazara Jarvis (Irish Town Primary)

Cayon High School – Dave Cannonier (Joshua Obadiah Williams)

Charles E. Mills Secondary School – Denim Henry (Irish Town Primary)

Saddlers Secondary School – Hezekiel Richardson (Edgar T Morris Primary)

Verchilds High School – Antwone Percival (Tyrell Williams Primary)

Washington Archibald High School – Shakaylia Tatem (Tucker Clarke Primary)

Nevis

Charlestown Secondary School – Jamual McDonald (Elizabeth Pemberton Primary)

Gingerland Secondary School – Shakirah Wilkin (St. James Primary)

The deserving young scholars are now members of an alumnus that includes educators, doctors, engineers, lawyers, scientists, and politicians, who have all benefited from the programme, which is now in its fortieth year.

The event was also attended by parents, guardians, senior managers, and Executive Directors of the TDC Group of Companies.

Picture: Left – Right (Back Row) Mr. Nicolas Menon, Executive Director and Warren C Tyson Memorial Scholarship Programme Director, Mr. Francil Morris, Chief Education Officer, Mr. Earle Kelly, Chairman/CEO, Mr. Glenville Jeffers, Executive Director

Left – Right (Front Row) 2021 Warren C Tyson Scholarship Memorial Programme Awardees

About the Warren C Tyson Memorial Scholarship Programme

The TDC Warren Tyson Memorial Scholarship program, was named after the first Chairman, Mr. Warren C. Tyson, started in 1981. The program is designed to assist and support students entering the secondary schools across St. Kitts-Nevis.

The young scholars are eligible to receive financial assistance throughout their secondary and tertiary school tenures. Students are also afforded the opportunity to work at across several departments and related businesses during their vacation period, e.g., Easter, Summer, and Christmas, as well as on Saturdays, which helps them to develop socially and professionally.

Another related benefit is the fact that these students also receive a stipend while at work. Accordingly, the financial and academic benefits plus the experience and maturity that are gleaned from this opportunity are invaluable.

Since its inception, approximately one hundred and fifty (150) students have gone through the program. Today, some of these Warren Tyson Scholars are at University pursuing further studies or are full time employees within the Company, many who hold Managerial and/or Supervisory positions across the Group.