May 2020 Financial News

NCB Financial Group Limited - 2020 Dividend Update

May 13, 2020

On May 12, 2020, NCB Financial Group Limited (NCBFG) received advice from the Bank of Jamaica (BOJ) that the BOJ “would not object to the payment of dividends to shareholders owning one percent [or] less of shareholdings of FHC designates and listed deposit takers.”

Such non-objection would apply to NCBFG. However, for dividends to be declared and paid on that basis, agreement would be required of all shareholders whose dividend payments would be deferred. As usual, also, the NCBFG Board of Directors would need to approve an interim dividend. As at the date of this release, neither of those activities has occurred. Shareholders will be advised of any further significant changes affecting the declaration and payment of dividends for our current financial year.



Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 13th May, 2020