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RNS Number : 2994L

Sagicor Financial Corporation Ltd

17 July 2017

SAGICOR FINANCIAL CORPORATION LIMITED

REPORT ON 14TH ANNUAL GENERAL MEETING

At the 14th Annual General Meeting (AGM) held on Friday, June 16, 2017 the Members (the "Shareholders) of Sagicor Financial Corporation Limited ("SFC" or the "Company") approved an increase in and amendment to the authorised share capital of the Company from US$4,244,941.31 divided into (i) 304,494,131 common shares of par value US$0.01 each ("the Common Shares"); and (ii) 120,000,000 convertible redeemable preference shares of par value US$0.01 ("the Convertible Redeemable Preference Shares") to US$9,700,000.00 divided into (x) 650,000,000 Common Shares; and (y) 320,000,000 preference shares of par value US$0.01 each ("the Preference Shares"), by the creation of 200,000,000 new Preference Shares and the re-designation of the 120,000,000 Convertible Redeemable Preference Shares as 120,000,000 Preference Shares, such Preference Shares to be issued by the Board of Directors of the Company with such relative designation, powers, preferences, rights, qualifications, limitations and restrictions as the Board of Directors of the Company may, from time to time, determine in accordance with Bye-law 4.3 of the Amended Bye-laws as proposed in the Notice of the Annual General Meeting dated May 15, 2017 (the "Notice"). The requisite Memorandum of Increase of Share Capital has now been filed with the Bermuda Registrar of Companies.

At the AGM, approval was also given by Shareholders to amend Bye-law 4 and Bye- law 79 of the Bye-laws of the Company as set out in the Notice.

Resolutions relating to the extension of the term of the Executive Long-term Incentive Plan and an increase in the aggregate number of common shares reserved to be issued pursuant to the terms of the Executive Long-term Incentive Plan and the Employee Share Ownership Plan were presented to the Shareholders and were approved.

Shareholders also approved the classification of directors into Class I, II and III and re-elected Mr. Andrew Aleong, Professor Sir Hilary Beckles, Mr. John Shettle, Jr. and Mr. Richard P. Young for another three-year term. The incumbent Auditors, PricewaterouseCoopers SRL, were also re-appointed for the ensuing year.

17 July 2017

Enquiries:

 
 Sagicor Financial Corporation 
  Limited                         +1 246 467 7500 
 
 Instinctif Partners              +44 (0)20 7457 2020 
 Mark Garraway 
 Rosie Driscoll

This information is provided by RNS

The company news service from the London Stock Exchange

END

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