Dividend Policy

The Directors anticipate that not less than 50% of the Company’s annual after-tax profits will be distributed as dividends, subject to the requirement for re-investment of its profits to finance potential growth and to ensure sustained development, as well as due compliance with the solvency and liquidity criteria set by the company’s investment policies. It is anticipated that dividends will be paid either quarterly or semi-annually.

The dividend policy will be subject to review from time to time by the Directors of the Company.