Regulatory Story
Go to market news section View chart   Print
RNS

Dividend Declaration

Released 07:00 09-Oct-2019

RNS Number : 2091P
Sagicor Financial Corporation Ltd
09 October 2019
 

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, 2019 to the registered holders of the common shares of record at the close of business on October 18, 2019 (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, 2019 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, 2019, 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 18, 2019.

 

Common Shares will trade "ex div" from October 16, 2019. Only those Common Shareholders and Depositary Interest Holders of record on October 18, 2019 will be entitled to receive the interim dividend.

 

Dated October 8, 2019.

 

By Order of the Board of Directors

 

Althea C. Hazzard

Corporate Secretary

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DIVMPBLTMBIMBPL
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Dividend Declaration - RNS