Sagicor Financial Corporation Ltd Clarifying Notice of Election Record Date (1272J)
01 December 2018 - 4:07AM
UK Regulatory
TIDMSFI
RNS Number : 1272J
Sagicor Financial Corporation Ltd
30 November 2018
Sagicor Financial Corporation LIMITED
CLARIFYING NOTICE
Reference is made to the notice dated 27 November 2018 (the
"Notice") by Sagicor Financial Corporation Limited (the "Company"),
pursuant to which the Company announced that it has entered into an
Arrangement Agreement dated 27 November 2018 between the Company
and Alignvest Acquisition II Corporation ("Alignvest"), pursuant to
which all of the shares of the Company will be transferred to
Alignvest, and in exchange, shareholders of the Company will
receive a combination of cash and/or common shares of Alignvest as
consideration.
NOTICE was given that the Directors of the Company resolved to
fix a consideration election record date of December 6, 2018. The
following is clarification of such consideration election record
date.
For the purpose of clarity:
-- December 6, 2018 shall be the record date only for the
purpose of determining the registered shareholders of the Company
and holders of depositary interests representing underlying shares
of the Company eligible to make a future election to receive cash
as part of the consideration for their shares, for up to 10,000
shares of the Company held by each such shareholder of the Company
or attributable to such holder of depositary interests.
-- The Company will in due course establish a record date for
the purpose of determining the registered shareholders of the
Company entitled to vote at and attend the Company's shareholder
meeting to be convened by order of the Supreme Court of Bermuda
with respect to the transaction contemplated by the Arrangement
Agreement. December 6, 2018 is not the record date for such
purpose.
-- The proposed transaction contemplated by the Arrangement
Agreement is subject to certain conditions, including (without
limitation) approval by the Company's shareholders, a sanction by
order of the Supreme Court of Bermuda and regulatory approvals.
All other information is as set out in the Notice of 27 November
2018.
Dated November 30, 2018.
By Order of the Board of Directors
Althea C. Hazzard
Corporate Secretary
LEGAL_US_E # 138934554.4
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END
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