Sagicor Lists on the London Stock Exchange.BRIDGETOWN, Barbados -- Sagicor Financial Corporation ("Sagicor") (LSE LSE - Language Sensitive Editor :SAG) is pleased to announce the listing of its Common Shares on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LSE) on February 14, 2007. In November of 2006, Sagicor shareholders removed all constrained share ownership provisions in the Company's Articles, thereby clearing the way for Sagicor to list on the London Stock Exchange. Sagicor applied to the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. for 266,985,336 Sagicor Common Shares to be admitted to the Official List of the London Stock Exchange and to be traded on the market for listed securities of the LSE. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dodridge Miller said "Sagicor's listing on the London Stock Exchange is a major achievement for the Group. A presence in the international capital markets is an integral part of our business strategy. This listing is a significant milestone, not just for our Company, but the region, since it is the first company from the Caribbean to be on the Full List of the London Stock Exchange." About the Sagicor Financial Group: Established in 1840, Sagicor Financial Corporation's (Sagicor) insurance operations are dominant in most of the countries in which it operates. Based on its strong core earnings, profitability and more than adequate levels of risk-based capital, Sagicor's Caribbean operations have been consistently rated "A" Excellent by AM Best. In 2006, Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index assigned Sagicor a "BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. +" counterparty credit and financial strength. Total Group assets stand today at approximately $3.1 billion with capital and surplus of approximately $500 million. Sagicor's balance sheet continues to exemplify prudence and the capacity to support future expansion programs. Sagicor will continue to seek out growth opportunities through acquisitions and strategic partnerships to expand geographically. For more information, visit www.sagicor.com. |
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