MISSA retains 4 seats in BOMI Board
posted 07/16/06
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| Jack Niedenthal | Saeko Shoniber | Tommy Milne | Saane Aho |
During the most recent annual BOMI stockholders’ meeting, John Niedenthal (MISSA Board Chairman), Saeko Shoniber (Board Member) and Saane K. Aho (Administrator) were re-elected to the BOMI Board. Likewise, Tommy Milne (Vice-Chairman) was also elected to the 4th seat vacated by Biram Stege, whose term as MISSA Board Member ended early this year.
On February 18, 1999, RMI fully repaid a loan and related interest, totaling $1.94 million, through transferring its ownership of 94,485 shares of the Bank of Marshall Islands (BOMI) stock to MISSA. Later, 30,000 of these shares were sold to a third party that subsequently reduced MISSA’s shareholdings with BOMI. At present, MISSA holds a 32% interest in BOMI and has received dividend income of $0.86 million since then.