Apr 2025 Financial News

ANSA McAL Limited - Notice of Suspension of Dividend Payments

Apr 14, 2025

NOTICE PURSUANT TO SECTION 64(1)(b) OF THE SECURITIES ACT AND RULE 603 OF THE TRINIDAD AND TOBAGO STOCK EXCHANGE RULES

On March 20 th, 2025, the Board of Directors of ANSA McAL Limited (“ANSA McAL”) took the strategic decision to suspend dividend payments to its shareholders for a period of three (3) years in support of its long-term ambition. This decision was published on March 21 st , 2025, within the Chairman’s statement which accompanied the audited financial results of ANSA McAL.

ANSA McAL is confident that the reinvestment of dividends for this three (3) year period will yield far greater long-term benefits – enhancing its competitive position, supporting expansion into new markets, and unlocking new growth opportunities. Moreover, ANSA McAL fully expects the result of this strategic decision to be significant appreciation in its share price, ensuring that shareholders benefit from a stronger, more resilient, and more valuable company.


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 14th April 2025