Apr 2020 Financial News

The West Indian Tobacco Company Limited - Notice of Dividend Announcement

Apr 14, 2020

The West Indian Tobacco Company Limited (“the Company”) reminds that its Annual Meeting of Shareholders which was scheduled for March 27, 2020 was postponed on account of the safeguards put in place by the Government of Trinidad and Tobago, arising out of the COVID-19 pandemic.

Due to uncertainty surrounding the rescheduling of the Annual Meeting, the Company has adjusted its recommendation as regards a final dividend for the fiscal year ended December 31, 2019. On April 05, 2020, the Board of Directors approved the payment of a Fourth Interim Dividend of forty cents ($0.40) per ordinary share to all shareholders on record at April 24, 2020. This dividend is payable on May 13, 2020 to shareholders on record at the close of business on April 24, 2020.

RECORD DATE AND CLOSING OF REGISTER
Notice is hereby given that in accordance with the Companies Act (Chap 81:01) the Directors have fixed April 24, 2020 as the Record Date for payment of this Fourth Interim Dividend. The Transfer Book and Register of Members will be closed on April 27 and April 28, 2020 for processing of transfers to facilitate payment of this dividend.
 

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 14th April, 2020