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Caribbean Invest Hld (CIHL)

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Thursday 02 April, 2020

Caribbean Invest Hld

Dividend Update

RNS Number : 5486I
Caribbean Investment Holdings Ltd
02 April 2020
 

This announcement contains inside information.

CARIBBEAN INVESTMENT HOLDINGS LIMITED - DIVIDEND

Belize City, Belize, April 2, 2020 -- Caribbean Investment Holdings Limited (London - AIM:  CIHL;  Bermuda - CIHL) (the "Company" or "CIHL") announces that the ongoing COVID-19 pandemic is causing significant uncertainty within global banking markets including the Caribbean and Belize.  Accordingly the Board of CIHL has decided not to a pay a final dividend for the year ended 31 March 2020. The Board will review its dividend policy for the current fiscal year once banking markets have returned to a more stable state.

 

For further information contact:

 

Caribbean Investment Holdings Limited

 

UK +44 (0)207 248 6700

Belize +501 227 7178

 

Cenkos Securities plc

 

Nicholas Wells  +44 (0)207 397 8920

 

Note: This and other press releases are available at the Company's website: http://www.cihltd.co.

 

Background Information

 

Caribbean Investment Holdings Limited ("CIHL") is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries. The Belize Bank Limited (BBL) is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is one of the largest, full service commercial and retail banking operation with a head office in Belize City and eleven branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit taking and related banking activities. 

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