CUC announces declaration of dividend on Class A Ordinary Shares
16 May 2012 - 4:27AM
PR Newswire (Canada)
CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE
LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK
EXCHANGE. GRAND CAYMAN, Cayman Islands, May 18, 2012 /CNW/ -
Caribbean Utilities Company, Ltd. ("CUC" or "the Company")
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 June 15, 2012 to
shareholders of record June 4, 2012. 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. Caribbean
Utilities Company, Ltd. CONTACT: Letitia LawrenceVice-President
Finance & C.F.O.Phone: (345) 949-5200Fax: (345) 949-4621
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