Sagicor Financial Corporation Ltd Dividend Declaration (1371K)
April 06 2018 - 6:04AM
UK Regulatory
TIDMSFI
RNS Number : 1371K
Sagicor Financial Corporation Ltd
06 April 2018
SAGICOR FINANCIAL CORPORATION LIMITED
NOTICE OF RECORD DATE FOR PAYMENT OF FINAL 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 a
final dividend of 2.5 cents per share United States currency (US$)
on the issued and outstanding common shares of the Company, to be
paid on May 15, 2018 to the registered holders of the common shares
of record at the close of business on April 17, 2018 (the "Common
Shareholders") which shall include payment thereof to the
depository interest holders (the "Depositary Interest
Holders").
NOTICE is further given that the Directors of the Company have
by resolution fixed:
1. The currency conversion rate for the payment in Barbados
currency ("BDS$") of the final dividend to Common Shareholders
resident in Barbados at US$0.50 to BDS$1.00.
2. The Currency Conversion Record Date of April 17, 2018 for the
purpose of determining the conversion rate for the payment of the
final dividend in:
a. Trinidad and Tobago currency ("TT$") 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 April 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 April 17, 2018.
Common Shares will trade "ex div" from April 13, 2018. Only
those Common Shareholders and Depositary Interest Holders of record
on April 17, 2018 will be entitled to receive the final
dividend.
Dated April 4, 2018
By Order of the Board of Directors
Althea C. Hazzard
Corporate Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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