Pan Caribbean Financial Services

Posted: September 27, 2011 at 12:00 am

 

The Board of Directors of Pan Caribbean Financial Services Limited (PCFS) has declared a second interim ordinary dividend of $0.66 per share payable on October 28, 2011 to shareholders on record as at October 11, 2011. The ex-dividend date is October 7, 2011. Pan Caribbean Financial Services Limited PCFS has advised that pursuant to the Company`s Articles of Incorporation and the terms and condition of the 12.5% Cumulative Redeemable Preference Stock Units issued on March 1, 2008 and partly redeemed on October 12, 2010, the Company will redeem all the outstanding Preference Stock Units on December 30, 2011, having given 90 days notice. The Company will purchase such units on the Jamaica Stock Exchange as an uninterruptible put through at a price of J$200.00 per Preference Stock plus any dividend thereon up to the date of payment (exclusive of stamp duty, commission and other expenses).The Directors of PCFS
have approved the closure of the Company`s Preference Shares` register during the period December 22 – 30, 2011.

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