Updated: 16-08-2024 - 12:00PM 3 12 CLOSED
Apr 05, 2016
NOTICE OF RECORD DATE FOR PAYMENT OF FINAL DIVIDEND ON COMMON SHARES AND CURRENCY CONVERSIONS FOR BDS$, TT$ AND GBP
NOTICE is hereby given in accordance with the Companies Act Cap 308 of the Laws of Barbados that the Directors of Sagicor Financial Corporation (“the Company”) have by resolution declared a final dividend of 2 cents per share United States currency (US$) on the outstanding Common Shares in the capital of the Company for the year ended December 31, 2015, to be paid on May 17, 2016 to the Common Shareholders and Depositary Interest Holders of record at the close of business on April 15, 2016.
NOTICE is further given that the Directors of the Company have by resolution fixed:
(a) Trinidad and Tobago currency (TT$) to Common 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 15, 2016, 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 15, 2016.
Common Shares will trade “ex div” from April 13, 2016. Only those Common Shareholders and Depositary
Interest Holders of record on April 15, 2016 will be entitled to receive the final dividend.
AUDITED CONSOLIDATED FINANCIAL STATEMENTS
The filing of the Sagicor Group’s audited Consolidated Financial Statements for the year ended December 31, 2015 has been delayed.
During the second half of 2015, a new banking system was implemented in one of our subsidiaries which delayed the completion and filing of the audited statements of that subsidiary. This in turn impacted the completion of the Sagicor Financial Group statements. The audited Consolidated Financial Statements will now be published on or before April 8, 2016.
We apologize to our shareholders for any inconvenience caused by this delay.
Dated April 01, 2016.
By Order of the Board of Directors
Althea C. Hazzard
Corporate Secretary
Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday April 5, 2016