Apr 2010 Financial News

Sagicor Financial Corporation – Notice Of Record Date For Payment Of Final Dividend and Currency Conversions for TT$ and GBP

Apr 08, 2010

The following press release was received from Sagicor Financial Corporation:

NOTICE OF RECORD DATE FOR PAYMENT OF FINAL DIVIDEND AND CURRENCY CONVERSIONS FOR TT$ AND GBP

Notice is hereby given in accordance with the Companies Act Chapter 308 of the Laws of Barbados that the Directors of Sagicor Financial Corporation (“the Company”) have by resolution declared a dividend of 2 cents per share United States currency (US$) on the outstanding common shares in the capital of the Company for the year ended December 31, 2009 to be paid on May 21, 2010 to the Shareholders and Depositary Interest Holders of record at the close of business on April 21, 2010.

Notice is further given that the Directors of the Company have by resolution fixed a Currency Conversion Record Date of April 21, 2010 for the purpose of determining the conversion rate for the payment of the Final Dividend in:

(a) Trinidad and Tobago currency (TT$) to Shareholders resident in Trinidad and Tobago, such currency conversion to be calculated as the average of the exchange selling rate of the US$ to TT$ as published by the Central Bank of Trinidad and Tobago at the close of business on the five business days immediately preceding April 21, 2010, and

(b) Pounds Sterling (GBP) to Holders registered on the Depositary Interest Register maintained by the Company in the United Kingdom, such currency conversion to be calculated as the average of the spot exchange rate of the US$ to GBP as published by the Bank of England at the close of business on the five business days immediately preceding April 21, 2010.

Shares will trade “ex div” from April 19, 2010. Only those Shareholders and Depositary Interest Holders of record on April 21, 2010 will be entitled to receive the Final Dividend.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday April 8, 2010