Shares of insurer Argus Group Holdings Ltd. will resume trading on the Bermuda Stock Exchange (BSX) today as the company lifted a voluntary suspension that has lasted three months.

The company simultaneously announced it would pay out a dividend of 10 cents per share on November 17 — unchanged from the previous two quarters.

The company requested the trading suspension, which began on August 2, after it found that it had given insufficient notice to shareholders of its own annual general meeting to comply with its own by-laws.

The administrative error plunged the company into a legal morass. A Supreme Court order and an amendment to a Private Act, approved by Premier and Finance Minister Paula Cox helped the company to clean up the mess.

Yesterday, at the long delayed AGM, shareholders' approvals ratified the changes and brought the embarrassing saga to an end.

The BSX confirmed that it had agreed to Argus's request to lift the voluntary suspension and that trading in Argus shares would resume from 9 a.m. today.

"I am delighted that the issues which led to the suspension of trading in shares are behind us so that we can now focus on our main business," Argus CEO Gerald Simons said yesterday.