GRAND CAYMAN, 20 February 2025 - Cayman Capital Trust Corporation Ltd. ((CSX: CNC) KY) (“CNC”), announces that, effective March 21, 2025, the Cayman Capital Trust Dividend Re-Investment Plan (“DRIP”) will be terminated. As a result, any future dividend paid by CNC will be paid in cash, in accordance with the CNC’s Articles of Association and any other internal procedures.
The DRIP has been in place since 2004, and was designed, in part, to stimulate public interest in the shareholding and growth of CNC, especially when no single shareholder could own greater than 10% of the issued shares of CNC. With the necessary approvals in 2019, the Republic Group acquired 74.9% of the issued shares in CNC, and the underlying reasons for a DRIP no longer applies.
Because any dividend declared and paid by CNC will henceforth be paid in cash, via electronic or wire transfer, shareholders are urged to ensure that their electronic banking details and up to date contact information are on file. Please contact [email protected]