Caribbean Cement Company Limited (“CCCL” or “the Company”) announced today that its Board of Directors has approved a new policy for the payment of dividends, which will include the framework that would be considered in order to declare and pay such. The approval was given at a meeting held on March 23rd, 2022.
It is important to note that Caribbean Cement Company Limited’s Dividend Policy (“Policy”) does not represent an undertaking and/or commitment by the Company to declare and pay any dividends, but rather outlines the different factors that must always be considered in order to have its Board of Directors determine if it will or will not propose a declaration and payment of a dividend to shareholders at each corresponding Annual General Meeting of the Company.
This Policy complies with the Company’s commitment to have it completed by the first quarter in 2022, as announced at its last Annual General Meeting of Shareholders held on December 7th, 2021.
