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Workers Bank
Workers
Bank
With the absorption of Workers Bank into Union Bank, the Minister of
Finance decided to grant gratuitous payments to the shareholders of the
Bank.
The payment granted was $0.37 cents per share, to be distributed via a
four-month payout. The payout, administered by Financial Services Limited,
began March 22, 1999 and ended July 22, 1999.
Below is a breakdown of payments to date:
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Total
Value of Shares to be paid:
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$20.0M
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Total
Claims paid:
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$12.9M
(64.5%)
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Total
amount unclaimed:
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$
7.1M (35.5%)
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