Jun 2019 Financial News

Sagicor Financial Corporation Limited - Announcement of approval of the Scheme of Arrangement

Jun 06, 2019

Sagicor Financial Corporation Limited announced that, at the meeting of the members of the Company (the “Shareholders”) convened by Order of the Supreme Court of Bermuda and held on Tuesday, 4 June 2019 (the “Scheme Meeting”), the Shareholders approved the scheme of arrangement between the Company and its Shareholders pursuant to section 99 of the Companies Act 1981 of Bermuda (the “Scheme of Arrangement”). Of the number of persons voting in person or by proxy at the Scheme Meeting, 94.2% voted in favour of the Scheme of Arrangement and of the number of shares of Sagicor voted at the Scheme Meeting, 99.5% of such shares voted in favour of the Scheme of Arrangement.
 

Dodridge Miller, Group President and CEO of Sagicor Financial Corporation Limited said “the shareholders’ overwhelming support for the Sagicor/Alignvest partnership is a testament of their confidence in the ability and commitment of the Board and Management to continue to grow the company and create value for all shareholders.”


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 6th June, 2019