CUC announces declaration of Dividend on Class A Ordinary Shares
06 August 2011 - 7:45AM
PR Newswire (Canada)
GRAND CAYMAN, Cayman Islands, Aug. 5, 2011 /CNW/ -- Caribbean
Utilities Company, Ltd. class A ordinary shares are listed for
trading in united states funds on the toronto stock exchange
(trading symbol: CUP.U) GRAND CAYMAN, Cayman Islands, Aug. 5, 2011
/CNW/ - Caribbean Utilities Company, Ltd. ("CUC") announced today
that the Board of Directors has declared a dividend of US$0.165 per
Class A Ordinary Share, or an annualized dividend of US$0.66 per
share. The dividend will be payable September 15, 2011 to
shareholders of record August 25, 2011. CUC provides electricity to
Grand Cayman, Cayman Islands, under a non-exclusive Electricity
Generation Licence expiring in 2029 and an exclusive Electricity
Transmission and Distribution Licence expiring in 2028.
Further information is available at www.cuc-cayman.com. Caribbean
Utilities Company, Ltd. ("CUC" or "the Company"), on occasion,
includes forward-looking statements in its media releases, Canadian
securities regulatory authorities filings, shareholder reports and
other communications. Forward-looking statements include statements
that are predictive in nature, depend upon future events or
conditions, or include words such as "expects", "anticipates",
"plan", "believes", "estimates", "intends", "targets", "projects",
"forecasts", "schedule", or negative versions thereof and other
similar expressions, or future or conditional verbs such as "may",
"will", "should", "would" and "could". Forward-looking
statements are based on underlying assumptions and management's
beliefs, estimates and opinions, and are subject to certain risks
and uncertainties surrounding future expectations generally that
may cause actual results to vary from plans, targets and estimates.
Such risks and uncertainties include but are not limited to
operational, general economic, market and business conditions,
regulatory developments and weather conditions. CUC cautions
readers that actual results may vary significantly from those
expected should certain risks or uncertainties materialize or
should underlying assumptions prove incorrect.
Forward-looking statements are provided for the purpose of
providing information about management's current expectations and
plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise except as required by law. To view this
news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/05/c2118.html
table border="0" valign="top" tr td bContact: /b /td td
Letitia Lawrence /td /tr tr td /td td Vice-President of
Finance & C.F.O. /td /tr tr td /td td /td /tr tr
td Phone: /td td (345) 949-5200 /td /tr tr td
Fax: /td td (345) 949-4621 /td /tr /table p /p
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