Oct 2016 Financial News

Sagicor Financial Corporation - Dividend Notice Common Shares

Oct 10, 2016

SAGICOR FINANCIAL CORPORATION LIMITED

NOTICE OF RECORD DATE FOR PAYMENT OF INTERIM DIVIDEND ON COMMON SHARES AND CURRENCY CONVERSIONS FOR BDS$, TT$ AND GB£

NOTICE is hereby given that the Directors of Sagicor Financial Corporation Limited (“the Company”) have by resolution declared an interim dividend of 2.5 cents per share United States currency (“US$”) on the issued and outstanding Common Shares of the Company, to be paid on November 15, 2016 to the registered holders of the Common Shares of record at the close of business on October 18, 2016 (the “Common Shareholders”) which shall include payment thereof to the depository interest holders (the “Depositary Interest Holders”).

NOTICE is further given that the Directors of the Company have by resolution fixed:

(1) The currency conversion rate for the payment in Barbados currency (“BDS$”) of the interim dividend to Common Shareholders resident in Barbados at US$0.50 to BDS$1.00.

(2) The Currency Conversion Record Date of October 18, 2016 for the purpose of determining the conversion rate for the payment of the interim dividend in:

(a) Trinidad and Tobago currency (“TT$”) to the Common Shareholders resident in Trinidad and Tobago, such currency conversion to be calculated as the average of the exchange selling rate of the US$ to TT$ as published by the Central Bank of Trinidad and Tobago at the close of business on the five business days immediately preceding October 18, 2016, and

(b) Pounds Sterling (“GB£”) to the Depository Interest 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 GB£ as published by the Bank of England at the close of business on the five business days immediately preceding October 18, 2016.

Common Shares will trade “ex div” from October 14, 2016. Only those Common Shareholders and Depositary Interest Holders of record on October 18, 2016 will be entitled to receive the interim dividend.

Dated October 7, 2016.
By Order of the Board of Directors
Althea C. Hazzard
Corporate Secretary

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday October 10, 2016