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Shareholders

Registered shareholders as of December 31, 2015 were as follows:

Class of Shares Shareholders Shares Held
Class A Ordinary Shares

1,895

32,381,631

9% Class B Preference Shares 125 250,000

 

Fortis Energy (Bermuda) Ltd., a wholly- owned subsidiary of Fortis Inc., held 19,460,326 Class A Ordinary Shares, or 60% of the outstanding shares as of December 31, 2015. Approximately 12% of the outstanding registered shares are held by residents of the Cayman Islands. Holders of Class B Preference Shares are primarily resident in the Cayman Islands.

 

Dividends

  • Class A Ordinary Shares:

    Quarterly dividends are customarily paid in March, June, September and December. Record dates are normally two to three weeks prior to payable dates.

  • Class B Preference Shares:

    Quarterly dividends are paid on the last day of January, April, July and October. Record dates are normally two to three weeks prior to payable dates.

 

Dividend Reinvestment Plan

The Company offers a Dividend Reinvestment Plan to Class A Ordinary and Class B Preference shareholders resident in eligible jurisdictions. The dividends for participants in the Dividend Reinvestment Plan are reinvested in additional Class A Ordinary Shares. A copy of the Plan and enrolment form may be obtained by contacting either of the Company's Registrar and Transfer Agents.

Customer Share Purchase Plan

The Customer Share Purchase Plan (CSPP) was launched in January 1995 and provides an opportunity for customers resident in Grand Cayman to make direct investments in the Company. Customers may make cash payments of not less than CI$25 (US$30) per purchase and up to a total of CI$12,000 (US$14,400) per calendar year for the purchase of Class A Ordinary Shares. Quarterly cash dividends paid on the shares issued under the CSPP are automatically reinvested in additional Class A Ordinary Shares. Full details of the Plan may be obtained from CUC's Compliance Department at investor@cuc.ky.

Solicitors

Appleby
P.O. Box 190
Grand Cayman KY1-1104
Cayman Islands
345.949.4900

Auditors

Ernst & Young Ltd.
P.O. Box 510
Grand Cayman KY1-1106
Cayman Islands
345.949.8444

Principal Banker

Scotiabank & Trust (Cayman) Ltd.
P.O. Box 689
Grand Cayman KY1-1107
Cayman Islands
345.949.7666

Annual Reports and Financial Statements

Printed copies of the Company’s Annual Reports and Financial Statements will be mailed only when requested. Financial Statement Request Forms are mailed annually with the information for the Annual General Meeting and must be completed and returned to the Registrar and Transfer Agents. Duplicate or additional hard copy reports may be requested by contacting investor@cuc.ky or the Registrar and Transfer Agent as listed below.

Registrar and Transfer Agents

CST Trust Company
P.O. Box 700, Station B
Montreal, Quebec
H3B 3K3, Canada
Telephone: 416.682.3860 or 1.800.387.0825 (Toll-free throughout North America)
Fax: 888.249.6189
www.canstockta.com
(Acting as principal agent)
Caribbean Utilities Company, Ltd.
457 North Sound Road
P.O. Box 38, Grand Cayman KY1-1101, Cayman Islands
Attention: Corporate Compliance Administrator
Telephone: 345.949.5200

Fax: 345.949.4621
www.cuc-cayman.com
(Acting as co-agent)
 

Toronto Stock Exchange Listings

The Company's Class A Ordinary Shares are listed for trading in U.S. funds on The Toronto Stock Exchange. The stock symbol is "CUP.U" . There is no income or withholding tax applicable to holders of Class A Ordinary or Class B Preference Shares under the existing laws of the Cayman Islands.

Visit: http://web.tmxmoney.com/quote.php?qm_symbol=CUP.U.

Registered Office

Caribbean Utilities Company, Ltd.
457 North Sound Road
P.O. Box 38, Grand Cayman KY1-1101, Cayman Islands
Attention: Corporate Compliance Administrator
Telephone: 345.949.5200
Fax: 345.949.4621