Trinidad Cement Limited Declares Final Dividend for the Year Ended December 31, 2016, Payable on July 19, 2017; Announces Board Changes
June 01, 2017 at 09:15 pm
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The Board of Directors of Trinidad Cement Limited declared the payment of a final dividend for the year ended December 31, 2016 in the amount of TTD 0.02 per share. The dividend was declared at the Board Meeting held on May 26, 2017 after taking into consideration certain financial, legal, contractual and economic factors. The dividend payment will be made on July 19, 2017 to shareholders listed on the Register of Members, as at a Record Date to be fixed.
Ms. Alison Lewis and Mr. Bryan Ramsumalr ceased to be directors of the company. By correspondence dated May 1, 2017 and May 19, 2017, Ms. Alison Lewis and Mr. Bryan Ramsumalr tendered their respective resignations from the Board of Directors of Trinidad Cement Limited, effective as of the scheduled date of the next Annual Meeting of the company. Accordingly, effect from May 26, 2017, the resignations of Ms. Lewis and Mr. Ramsumalr took effect. Mr. Jean Michel Allard tendered his resignation from the Board of Directors of the company with effect from June 1, 2017. Mr. Allard will continue to serve as a director of the company until the effective date of resignation.
Trinidad Cement Limited (TCL) is engaged in the manufacture and sale of TCL ECO cement, TCL Premium Plus cement, and Class G High Sulfate Resistant (HSR) oilwell cement. The Company's segments include Cement, Concrete and Packaging. Its geographical segments include Trinidad and Tobago, Jamaica, Barbados and Guyana. The Companyâs products Building a Sustainable T&T, Premium Plus Cement, Ordinary Portland Cement, Type II Cement, Class G HSR Cement and Sulfate Resistant Cement. Its services include Lab Services and Concrete Calculators. The Companyâs subsidiaries include Readymix (West Indies) Limited, TCL Packaging Limited, TCL Ponsa Manufacturing Limited, TCL Leasing Limited, RML Property Development Limited, Caribbean Cement Company Limited, Rockfort Mineral Bath Complex Limited, Arawak Cement Company Limited, TCL Trading Limited, TCL (Nevis) Limited, TCL Guyana Inc., Arawak Concrete Solutions Limited, TTLI Trading Limited, TGI Concrete Solutions Inc. and TCL (Grenada) Limited.