Sagicor Financial Corporation Ltd Dividend Declaration (1371K)

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

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April 06, 2018 07:04 ET (11:04 GMT)