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RNS

Dividend Declaration

Released 11:22 08-Oct-2018

RNS Number : 2891D
Sagicor Financial Corporation Ltd
08 October 2018
 

SAGICOR FINANCIAL CORPORATION LIMITED

 

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

 

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, 2018 to the registered holders of the common shares of record at the close of business on October 17, 2018 (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 17, 2018 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 17, 2018, and

 

b)   Pounds Sterling ("GBP") 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 GBP as published by the Bank of England at the close of business on the five business days immediately preceding October 17, 2018.

 

Common Shares will trade "ex div" from October 15, 2018. Only those Common Shareholders and Depositary Interest Holders of record on October 17, 2018 will be entitled to receive the interim dividend.

 

Dated October 5, 2018.

By Order of the Board of Directors

Althea C. Hazzard

Corporate Secretary


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Dividend Declaration - RNS