Home' Trinidad and Tobago Guardian : May 6th 2016 Contents A21
Friday, May 6, 2016 www.guardian.co.tt Guardian
SAGICOR FINANCIAL CORPORATION
NOTICE OF ANNUAL MEETING
NOTICE is hereby given that the Thirteenth Annual Meeting of Shareholders of Sagicor
Financial Corporation ( the Company") will be held at Lloyd Erskine Sandiford Centre,
Two Mile Hill, St Michael, Barbados, on June 8, 2016 at 5:30 pm to transact the following
1. To receive and consider the Consolidated Financial Statements of the Company for
the year ended December 31, 2015, and the Auditors Report thereon.
2. To elect Directors.
3. To re-appoint the incumbent Auditors for the ensuing year, and to authorise Directors
to x their remuneration.
4. To consider and if thought t to adopt the following as a Special Resolution:
(Note: In respect of this special resolution, shareholders are hereby advised that a
dissenting shareholder is entitled to be paid the fair value of his shares in accordance
with sections 213 to 222 of the Companies Act, Cap 308 of the Laws of Barbados)
(a) The Directors of the Company consider it expedient and in the best interest
of the Company that, pursuant to sections 356.4 and 356.5 of the Companies
Act Cap 308 of the Laws of Barbados, the Company should change its
jurisdiction of domicile from Barbados to Bermuda (i.e. be continued
as a company incorporated under the laws of Bermuda) and have so
recommended to the Shareholders.
(b) Shareholders have been informed in accordance with section 356.4(2) of
the Companies Act, Chapter 308 of the Laws of Barbados that dissenting
shareholders are entitled to the rights afforded them under sections 213 to
222 of the said Companies Act.
BE IT RESOLVED AS A SPECIAL RESOLUTION that:
(a) the continuance of the Company as an exempted company under the laws of
Bermuda and the discontinuance of the Company as a company incorporated
under the laws of Barbados be and is hereby approved;
(b) effective upon the continuance of the Company under the laws of Bermuda
(i) the authorised capital of the Company be divided into 304,494,131 common
shares of par value US$0.01 each and 120,000,000 preference shares of par
value US$0.01 each;
(ii) the shareholders of the Company be those shown as shareholders in the
books and records of the Company's registrar and transfer agent, Barbados
Central Securities Depository Inc.;
(iii) the Memorandum of Continuance submitted to this meeting be approved and
adopted as the Memorandum of Continuance of the Company in substitution
for the existing Restated Articles of Incorporation;
(iv) the regulations contained in the printed document submitted to this meeting
be approved and adopted as the Bye-laws of the Company in substitution for
the existing By-law No. 1 and Restated Articles of Incorporation;
(v) the number of Directors be not less than seven (7) and not more than twelve
(12) as the Board may from time to time determine;
(vi) any Director, by notice in writing deposited with the Secretary, be authorised
to appoint a person or persons to act as an alternate to such Director.
(vii) the name of the Company be changed from "Sagicor Financial Corporation"
to "Sagicor Financial Corporation Limited";
(c) be it further resolved that the Directors and Officers of the Company be and are
hereby directed to make application to the appropriate official or public body in
Bermuda for the aforesaid continuance and are also authorised and directed to do
any and all such things as may be considered necessary or expedient to give effect
to this resolution or to abandon the application, without further approval of the
Shareholders, should they in their discretion consider such to be expedient or in the
best interest of the Company.
5. To transact such other business as may properly come before the Meeting.
By Order of the Board of Directors.
Althea C. Hazzard
April 29, 2016
Crude oil prices increased yesterday
driven by concerns that production
could be impacted by a massive fire
that swept through the Canadian oil
sands hub of Fort McMurray, Alber-
West Texas Intermediate crude oil
rose 54 cents, or 1.2 per cent, to
US$44.32 a barrel on the New York
Mercantile Exchange. Brent crude, used
to price international oils, was up 39
cents at US$45.01 a barrel in London.
WTI up at US44.32
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