The Board of Directors of Guyana Stockfeeds Incorporated (GSI) yesterday said it has not paid some $80M in dividends to shareholders because of a court challenge filed by one of them, the National Industrial and Commercial Investments Limited (NICIL).
The company belatedly broke its silence on the situation in light of a January advisory by the Guyana Securities Council (GSC) to shareholders that GSI did not pay dividends for the 2012 financial year as it had publicly stated in its interim report for January to June 2013.
The GSC had further stated that it contacted GSI, informed it that no dividends had been paid,
