Sagicor Financial Company Ltd. Announces Delay of Interim Financial Report
Barbados and Toronto, May 14, 2020 – Sagicor Financial Company Ltd. (“Sagicor”) announced today that, in light of the continued disruptions caused by the COVID-19 pandemic, it will avail itself of the temporary exemption from certain filing requirements provided in Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements, which was promulgated by the Ontario Securities Commission in response to the ongoing COVID-19 pandemic, and similar instruments in other applicable jurisdictions. In particular, Sagicor is relying on the exemption provided by these instruments for (i) the filing of an interim financial report required by section 4.4 of National Instrument 51-102 (“NI 51-102”), and (ii) the filing of management’s discussion & analysis required by subsection 5.1(2) of NI 51-102.
Sagicor currently expects that the above noted filings will be made on or before June 15, 2020.
Sagicor has in place an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, and its management, directors and other applicable insiders are subject to such policy.
To the knowledge of Sagicor, there have been no material business developments since December 31, 2019 other than as have been previously publicly disclosed, except for the potential impact of the COVID-19 pandemic. While it is still too early to assess the impact from the current pandemic, Sagicor is actively monitoring the business environment in each of the markets in which it operates.