Latest News

CCC Annual General Meeting Published: 12 May 2010

Caribbean Cement Company Limited has advised that its annual general meeting is scheduled for May 27, 2010 at The Rockfort Mineral Bath Complex

Limited, Rockfort, Kingston at 11:30 a.m.

Berger Paints Jamaica Ltd declares dividend Published: 04 May 2010

Berger Paints Jamaica Limited has advised that the board of directors are proposing that a final dividend of $0 .187 per share be paid in respect of the 15

months ended March 31, 2010, to stockholders on record as at July 9, 2010, which the dividend will be paid on July 26, 2010. The X-date is July 7, 2010.

FCIBJ discloses JDX impact Published: 04 May 2010

FirstCaribbean International Bank (Jamaica) Limited (FCIBJ) has advised that it holds approximately J$2 .3 billion (notional value) within the scope of the Jamaica Debt Exchange (JDX) programme. All of these eligible bonds were offered for exchange under the programme . These bonds accounted for less than 5% of the interest sensitive assets of the Bank and currently contribute approximately 8% to total interest income.

While it is expected that the interest income earned from these securities will be negatively affected in the near future, this is expected to offset by reductions in interest expenses going forward . Additionally, management is actively engaged in pursuing income diversification as part of its strategic objectives.

There are no anticipated liquidity challenges resulting from FCIBJ participation in the JDX programme, and the projected impact on equity is less than 1%, with the company`s key capital adequacy measures remaining above prudential requirements.

BNS acquires Scotia DBG Merchant Bank Published: 04 May 2010

The Bank of Nova Scotia Jamaica Limited has advised that it has acquired Scotia DBG Merchant Bank Limited (SDBGMB) with the intention to eventually

consolidate SDBGMB into Scotiabank. This reorganization is aimed at improving efficiencies across Scotiabank Group through the removal of duplicate

products and services. An independent valuation of SDBGMB was conducted by Deloitte Touche Tohmatsu and this valuation was used as a basis to

determine the sale price of $879 million which was settled in cash.

GKL wins court case Published: 04 May 2010

GraceKennedy Limited has advised that the Supreme Court has ruled in favour of Grace Kennedy Remittance Services Limited (GKRS) and software

developer, Paul Lowe, in the suit brought against them by Paymaster Limited (Paymaster).

NCB Group declares dividend Published: 26 April 2010

National Commercial Bank Jamaica Limited has submitted its second quarter financial statements for the six months ended March 31, 2010. The Board of Directors has declared a dividend of sixty-one cents ($0.61) per stock unit payable on May 20, 2010 to stockholders on record as at May 7, 2010. The X-date is May 5, 2010.

Mayberry's monthly preference share dividend Published: 20 April 2010

Mayberry Investments Limited has advised that the board of directors has approved a monthly interim dividend of its preference shares for the period March 24, 2010 to April 21, 2010 for the sum of $0.029 per share, payable on April 23, 2010 to shareholders on record as at April 22, 2010. The X-Date is April 20, 2010.

JMMB declares dividend on preference shares Published: 08 April 2010

Jamaica Money Market Brokers Limited (JMMB) will be making its monthly dividend payments of $0.03 per share and $0.0301146 per share on JMMB 12% Preference Shares and JMMB 12.25% Preference Shares, respectively on March 12, 2010. The record date for the dividend payments is February 26, 2010 and X-date is February 24, 2010.

SDBG and SGJ declared interim dividend payments Published: 08 April 2010

SDBG and SGJ declared interim dividend payments of 33 cents per share and 37 cents per share, respectively to shareholders on record March 15, 2010 and payable on April 8, 2010. The X-Date is March 11, 2010.