The Customer Share Purchase Plan (CSPP) was launched in January 1995 and provides an opportunity for customers resident in Grand Cayman to invest in CUC.
New Participants
To become a Participant of the CSPP, eligible CUC customers are required to complete the following process within 5 business days:
- Eligibility – Confirm if you are the named customer on your active CUC Electric Account with a Cayman Islands Mailing Address.
- Identity Verification – Customer(s) must attend in person and present one piece of valid government issued ID and a copy of their current CUC electric bill at McGrath Tonner’s offices to complete the necessary forms.
There is no charge to the Customer for this service.
MCGRATH TONNER
5th Floor Genesis Building, Genesis Close, George Town
Grand Cayman KY1-1106, Cayman Islands
Ph: (345) 949-2740
- Arrange Payment - either by Electronic Funds Transfer (as outlined in the CSPP Brochure) or a Local Bank Draft payable to "Caribbean Utilities Company, Ltd." (not CUC) of not less than CI$25.00 (US$30.00) and individually nor collectively exceed the maximum total of CI$12,000.00 (US$14,400.00) per calendar year for the purchase of Class A Ordinary Shares. Cash and cheque payments are not accepted. Contributions that exceed the annual maximum, whether individually or collectively, will be declined. Funds of a declined application will be returned in due course.
- Fully Completed Electronic CSPP Participation Form (within 5 business days of ID Verification) providing the required bank details and Participant’s information.
Existing Participants
Existing and eligible CUC Customers who have not contributed to their Customer Shares Purchase Plan for a period exceeding two years, will be required to complete all steps listed above in order to invest in the CSPP again.
For existing and eligible CUC Customers that have contributed to their Customer Shares Purchase Plan within the past two years, the following steps are necessary:
- Arrange Payment - either by Electronic Funds Transfer (as outlined in the CSPP Brochure) or a Local Bank Draft payable to "Caribbean Utilities Company, Ltd." (not CUC) of not less than CI$25.00 (US$30.00) and individually nor collectively exceed the maximum total of CI$12,000.00 (US$14,400.00) per calendar year for the purchase of Class A Ordinary Shares. Cash and cheque payments are not accepted. Contributions that exceed the annual maximum, whether individually or collectively, will be declined. Funds of a declined application will be returned in due course.
- Fully Completed Electronic CSPP Participation Form (within 5 business days of payment) providing the required bank details and Participant’s current CUC account information. CUC CSPP Participation Form (Existing)
For contributions made by Bank Draft or Money Order, the customer will then be required to complete the digital CSPP Participation in person at CUC’s Customer Service branch located at Caribbean Plaza, providing the details of their payment. The entire process must be completed within five (5) business days.
Quarterly dividends on the Class A Shares under the CSPP are automatically reinvested in additional Class A Ordinary Shares for the Participant’s account on the Investment Date.
To update information such as mailing address, email or phone number, you may do so by completing the required steps:
- Updating your CUC Electric Account information as outlined on Customer Service website page Updating Account Information
- Followed by completion of the CSPP Update Form. CUC CSPP Update Form
Full details of the CSPP may be obtained from CSPP Brochure below, CUC's Customer Service Department at (345) 949-5200 or via e-mail at investor@cuc.ky.
CUC Customer Share Purchase Plan Offering Brochure
