The West Indies Oil Company Limited (WIOC) makes its inaugural dividend payment to stakeholders since its listing on the Eastern Caribbean Stock Exchange (ECSC) in 2022.
CEO Gregory Georges confirms that the payments, totaling approximately $13 million, are managed by the Eastern Caribbean Central Securities Depository (ECCSD) for the company’s 950 shareholders.
Despite divesting 5 percent to the general public, the government retains a 46 percent share in the oil company, entitling them to a dividend payment of around $6 million EC.
WIOC anticipates larger payments for 2023, reflecting the company’s performance.
Shareholders using direct deposit receive electronic funds transfers within three working days.
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Thank God for the visionary leadership of Gaston Alphonso Browne. Now the most of these profits will remain right here in this country. And some local investors will have benefited as well. I’m looking for the government to divest more of its shares to the public. Having money in the banks is not profitable at all.
Had the UPP been in power, Venezuela would have been the majority shareholder of WIOC and Antigua would have the minority shares with a huge loan to repay to Venezuela. And with the sanctions put on assets from Venezuela WIOC would not be able to expand and even buy oil.
God is good to have spared us that tragedy.
Are you Sidelined and Gaston Browne one and the same?
No we are not. But the message I bring is the truth and factual
West Indies OIL: You have made all the monies on the backs of the people.When would we see a drop at the pumps and cooking gas? I would not hold my breath.
Thank you management and board. Looking forward to a even better performance in the future. Moneys well invested.
Since there’s such great profits made by WIOC, shouldn’t the general public reap some of the profits at the pumps.???
That headline tells it all.
They are killing the major for the benefit if a few investors and still complaining.
I believe that Antigua will be the only
modern day place that will go in the Guinness Book of record, just because of those greedy, selfish set of people there who will create a way to take everything they grabbing for now in the grave with them.
parasites, monopoly, exploitation and making millions at the back of struggling masses, same greed like the oil companies, no achievement in this ‘ Not even passing some of these money to ease the squeeze at the pump highly priced petroleum products, eroding consumers spending power woe to the greedy bastards
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