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ARGUS GROUP DECLARES DIVIDEND AND APPLIES TO BSX TO RESUME TRADING IN SHARES
Hamilton, Bermuda – 09 November, 2010 – Argus Group Holdings Limited (the “Company”; Ticker: AGH.BH) today declares a dividend and has successfully applied to the Bermuda Stock Exchange (BSX) to lift the voluntary suspension of trading in its shares.
Gerald Simons, President & Chief Executive Officer of the Argus Group, comments: “I am pleased to announce that the Board of Directors of Argus has declared a dividend of 10 cents a share payable on November 30, 2010 to shareholders of record on November 17, 2010.”
In addition, following the 2010 annual general meeting of the company which was held today, the newly re-elected Board of Directors of the Argus Group has determined that the current voluntary suspension of trading in the company’s shares is no longer required and the Argus Group has successfully applied to the Bermuda Stock Exchange to lift the suspension. It is expected that trading in Argus shares will resume tomorrow, November 9, 2010.
Mr. Simons comments further: “I am delighted that the issues which lead to the suspension of trading in shares are behind us so that we can now focus on our main business.”
Notes to Editors
Argus Group Holdings Limited and its subsidiaries, commonly known as the Argus Group, is a multi-line insurance and financial services organisation offering a full range of insurance, pensions and investment products targeted at local and international organisations and individuals. It is the leader in group health insurance and pension plans in Bermuda.
Certain statements in this release may be deemed to include “forward-looking statements” and are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors including worldwide economic conditions, success in business retention and obtaining new business and other factors.
For further information, log on to www.argus.bm.
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