PM BROWNE MAINTAINS CALL FOR ECAB TO AGREE TO CONVERSION OF SHARES

Prime Minister Hon. Gaston Browne is again pressing directors and shareholders of Eastern Caribbean Amalgamated Bank, ECAB, to move forward on a long-standing government initiative to convert preference shares into ordinary shares.

Prime Minister Browne says this will allow these equities to be divested to Antiguans and Barbudans.

He says the objective is to broaden local ownership in major enterprises and expand wealth-building opportunities.