On July 30 th 2020, the first live virtual Annual Meeting for Trinidad and Tobago NGL Limited (TTNGL) was held virtually in light of the Covid-19 pandemic as the company aims to reduce risk and maintain social distancing.
The meeting took place as per the best interest of all shareholders, with presentations by both Mr. Conrad Enill, Chairman of TTNGL and Mr. Dominic Rampersad, President of Phoenix Park Gas Processors Limited (PPGPL), TTNGL’s underlying asset, as well as the carrying of both special and ordinary resolutions.
Speaking on TTNGL’s 2019 financial performance, Mr. Enill advised that “Despite some volatility in the Company’s share price for 2019, the share traded above the Initial Public Offering price of TT$20.00 for all of 2019. It reached an elevated price of TT$30.50 on 3 April 2019 and a base of TT$20.98 on 27 November 2019. At the end of 2019, TTNGL’s share price stood at TT$23.96, just 17.7% below the closing price of TT$29.10 in 2018.”