GRAND CAYMAN, 26 March 2025 - Cayman Capital Trust Corporation Ltd. ((CSX: CNC) KY) (“CNC”), announces that at its Annual General Meeting held Tuesday, March 25, 2025, shareholders resolved to approve a final cash dividend of cents per share (CI$0.30), to be distributed on April 3, 2025 (or as soon thereafter as possible) to the Company's shareholders of record as at March 28, 2025, for a total dividend for the year of 60 cents per share (CI$0.60), as recommended by the Board of Directors, subject to regulatory approval. Regulatory approval has been received.
By way of special resolution, shareholders also resolved to amend the Articles of Association of CNC, by deleting and replacing all of Article 115 of the Articles with the following provision:
115. To streamline dividend payments and ensure efficient electronic transfer of funds to shareholders. A dividend or other monies payable on or in respect of a share may be paid by electronic or wire transfer, with any applicable bank fees or charges deducted by the bank. Payment will be made in Cayman Islands Dollars (or United States Dollars, converted at prevailing bank rates), to the bank account details provided by the member (or joint holders of shares, if applicable). In the absence of such bank account details, the dividend or other monies shall accrue for the benefit of the member, subject to Article 120.
In addition, a founding shareholder and director, Jack Bierley, retired from the boards of directors of Cayman Capital Trust Bank Ltd. and Cayman Capital Trust Securities Ltd. Mr. Nigel Baptiste, Chairman of the Board of CNC, recognized and thanked Mr. Bierley again for his significant contributions to Cayman Capital Trust over 50 years, since inception. Mr. Baptiste said, “As one of the founding partners of Cayman Capital Trust, Jack’s contribution cannot be measured solely in the growth and contribution of Cayman Capital Trust to the Caymanian economy over the past 50 years. It must also be measured in the many lives he touched, the inspiration he provided to hundreds of leaders and staff of the Group and the mentoring role that he played to every member of the Board of Directors since inception. While the current Board will miss his active contributions at our meetings, we know that we have a colleague and friend for life and someone who will always put the interests of the Group and those we serve, above all else. We wish Jack the very best in his retirement.”