December 11, 2019

Cayman Islands Stock Exchange pays Government special dividend

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Since becoming profitable a decade ago, the Cayman Islands Stock Exchange (CSX) has paid an annual dividend of 75% of its net income to its sole shareholder, the .

The Exchange received an unqualified audit report on 30 April 2018, having declared a dividend of $449,949 on 20 September 2016, in respect of the prior financial year.

Following a further period of strong sustained growth, which the Chairman Anthony Travers described as, “encouraging and entirely attributable to the hard work of the CEO, of the Exchange staff, and ,” the , after review of the reserves, resolved to pay an additional special dividend of US$1,000,000 to the Cayman Islands Government for the benefit of the . The dividend covers the 18-month fiscal period ending 31 December 2017.

The US$ 1 million cheque was presented to Financial Secretary Kenneth Jefferson at his office in GAB on Wednesday, 30 May 2018, by CSX Chairman Anthony Travers and CSX Chief Executive Officer (CEO) Marco Archer.

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