Latest News

FJI and PJAM announce dividend payments Published: 18 May 2011

The Board of Directors of Pan-Jamaican Investment Trust Limited has declared a second interim dividend for the year 2011 of $0.32 payable on June 24, 2011 to shareholders on record as at May 30, 2011. The ex-dividend date is May 26, 2011. The Board of Directors of First Jamaica Investments Limited has declared a second interim dividend for the year 2011 of $0.30 payable on June 17, 2011 to shareholders on record as at May 30, 2011. The ex-dividend date is May 26, 2011.

 

 

SVL announces new contractual agreement Published: 18 May 2011

Supreme Ventures Limited (SVL) has announced a new contractual agreement with INTRALOT, which through its subsidiary INTRALOT Caribbean Ventures Limited will participate in SVL`s wholly-owned subsidiary Prime Sports (Jamaica) Limited Gaming Lounge operations. The contract, initially for 10 years, includes automatic renewal for 5-year successive periods. Prime Sports operates the Acropolis Gaming Lounge in Barbican, Kingston, Portmore and May Pen and the Coral Cliff Gaming Lounge in Montego Bay. Brian George, President & CEO of SVL said `INTRALOT will provide Video Lottery Terminals (slot machines) to upgrade the gaming floors at SVL`s lounges. The contract also includes the provision of a state-of-the-art electronic monitoring system for the machines and training support for the technical staff of the gaming lounges`.

 

 

 

 

 

 

FCIB announces CEO resignation Published: 18 May 2011

At a meeting of the Board of Directors of First Caribbean International Bank Limited (FCIB) held on May 11, 2011, the Board of Directors accepted the resignation of Mr. John Orr as Chief Executive Officer (CEO) effective September 11, 2011. Mr. Orr will be returning to a senior executive position at CIBC in Toronto. At the said meeting, the Board appointed a senior CIBC Executive, Mr. Douglas "Rik" Parkhill, as the new CEO of FCIB, effective September 12, 2011 subject to regulatory and government approvals.

 

 

Managing Director from Red Stripe resigns Published: 10 May 2011

Desnoes & Geddes Limited has advised that Mr. Al Barnes, Managing Director of Red Stripe, has announced his resignation. He will officially demit office on June 30th, 2011.

Managing Director of Lascelles tenders resignation Published: 10 May 2011

 Lascelles, deMercado & Company Limited has advised that Mr. David McConnell, Managing Director of Global Marketing Division of J Wray & Nephew Limited, has tendered his resignation from the company, effective June 30, 2011.

PJAM and FJI Published: 09 May 2011

Pan-Jamaican Investment Trust Limited has advised that at a Board of Directors meeting scheduled for Thursday, May 12, 2011, the Directors will consider the payment of an interim dividend for the year 2011.

Berger Paints declares dividends to shareholders Published: 26 April 2011

The Board of Directors of Berger Paints Jamaica Limited (BRG), at its meeting held on April 21, 2011 declared a final dividend of $0.12 payable on July 25, 2011 to stockholders on record as at July 8, 2011. The ex-dividend date is July 6, 2011.

 

SVL announces approval of extension to the Lottery Gaming License Published: 12 April 2011

Supreme Ventures Limited (SVL) has announced the approval of an extension to the Lottery Gaming Licence for its subsidiary company Supreme Ventures Lotteries Limited (SVLL), to the year 2026. The approval was granted by the Betting, Gaming & Lotteries Commission (BGLC). The approval of the lottery gaming licence extension was also accompanied by amendments to the Conditions of the Lottery Licence. Under the new terms, SVL is required to invest at least US$5Million (approximately J$450Million) in upgrading and expanding its lottery and gaming operations in Jamaica.

 

 

Pegasus passes resolutions Published: 06 April 2011

At a meeting of the Board of Directors of Pegasus Hotels of Jamaica Limited (PEG) held on March 28, 2011, resolutions were passed in regards to the proposed Lease of the Hotel and Sale Agreement for purchase of fixed assets of PEG by Surrey Hotel Management Limited, a company owned and operated by the majority shareholder:

a. That the Company lease its Hotel and real property to Surrey Hotel Management Limited.

b. That the company enter into a Sale Agreement with Surrey for the furniture fixture and equipment associated with the Hotel at the current book value of these assets on the terms negotiated.

c. That the parties use their best efforts to finalise and report to the Board on the terms of the above Lease and Sale Agreement on or before April 28, 2011.

d. That a sub-committee comprising Milton Samuda, Rev. Denzil Barnes and Alston Douglas be and is hereby appointed to conduct the negotiations in relation to the lease and sale agreement with Surrey on behalf of the Company.

e. That the company (with the guidance and help of a sub-committee to be appointed by the Chairman) shall take all necessary steps required for the closure of the Hotel after the signing of the Lease and Sale Agreement.

 

 

Lascelles' director announces Published: 01 April 2011

The Board of Lascelles deMercado & Co. Limited (LdM) has advised that Mr. Jason Abrahams has resigned as a Director of the company and as a Member of the Audit Committee, both effective the 31st March 2011.