Good afternoon, ladies and gentlemen, and welcome to Steamships Trading Company Limited's 2025 Annual General Meeting. It is the 101st AGM. For anyone in the room or who has joined the meeting who does not know me, my name is Geoff Cundle, Director and Chairman of the Board. I am advised by the Company Secretary that a quorum is present, and the time is now 12:02 P.M., and I declare the 2025 Annual General Meeting to be open. With me are Chris Daniells, Managing Director, and Alessandro Mistroni, Finance Director and Company Secretary, and your other non-executive directors. With us today, joining by Zoom, is PricewaterhouseCoopers, the Company's auditor, represented by Chris Wickenhauser. You should all have received a notice of the Annual General Meeting by post or electronically. Today's meeting is being held online via the Lumi platform.
There will be an opportunity to pose questions after the declaration that voting is opened and before voting is declared time. Please hold questions until then. Once logged onto the Lumi platform to ask a written question, select the messaging icon, type your question in the box towards the top of the page, and press the send button. To ask your questions verbally, click the request to speak button, confirm your name, and enter the topic of your question. Submit your details and select join queue to be connected. Shortly, I will declare voting open on all items of business. At that time, the resolutions and voting options will appear on screen on the Lumi platform. To cast your vote, simply select one of the options. Your vote is then automatically recorded, and there is no need to press the submit or enter button.
For any shareholder who is personally in attendance, the resolutions are set out in the notice of the AGM. A hard copy is available if you do not have it to hand. At the relevant time, please advise your voting preference, and it will be noted and relayed to Lumi to record with all other votes cast. You can change your vote up until the time I declare voting closed. The votes will be counted according to the votes attached to the shares of each shareholder present in person, online, or by proxy. All proxy votes have been or will be processed by the Lumi platform. I now turn to the formal agenda for today's meeting. The notice of the AGM and the addendum filed subsequently outlines the business that will be considered today.
Moving on, the reports to be received and considered by this meeting are the Chairman's report, the Director's review, the financial report of the Company, the Director's report, and the independent auditor's report for the year ended 31st of December 2024. I now lay each of these reports before the meeting. Those reports are included in the Steamships Trading Company Limited Annual Report 2024, which has been circulated by post and electronic mail to all shareholders and is available to view on the Steamships website. The Board is also pleased to advise the meeting that it has authorized the distribution of a final dividend of PGK 0.30 per share, bringing the total dividend in respect of the 2024 year to PGK 0.70 per share. There is no vote to be taken on the reports or the declaration of the proposed dividend.
I now declare voting open on all items of business. For online attendees, the resolutions will soon appear. Please submit your votes at any time. For any shareholder personally in attendance, please follow the instructions given as I have outlined above, and I will give you a warning before I move to close voting. Question time. Emmanuel Auru, Group Legal Counsel for Steamships, will be the moderator for the purposes of question time. Moderator, do we have any questions?
No questions, yes.
There being no questions, there's no audio questions either. Okay. Okay, if we have no questions, that concludes our discussion on the items of business. In a couple of minutes, I will close the voting system, and please ensure that you have cast your vote on all resolutions. I will now pause to allow you time to finalize those votes. Okay. Okay, I declare that voting is now closed. The results of these votes will be released to the PNGX later today. There being no further business that may be considered at this AGM, that concludes the formal proceedings of the meeting, and I thank you again for attending, and I declare the meeting closed at.