Sagicor Jamaica Limited (SJ) has advised that the Company on behalf of its managed funds has completed the acquisition of 217 of the 277 residential units in the condominium resort development, known as the Palmyra Resort and Spa in Montego Bay, St James and an adjoining power plant owned by Caribbean Green Power Systems Limited (In Receivership). 

National Commercial Bank Jamaica Limited has advised that Ms Sandra Grey was promoted to the role of Assistant General Manager in the Group Human Resources & Facilities Division, effective October 1, 2016.

NCB CAPITAL MARKETS LIMITED ADOPTS NEW REGULATIONS

Carreras Limited (CAR) has advised that the Board of Directors declared an interim dividend of one dollar and eighty cents ($1.80) per share unit, to be paid out of accumulated profits, payable on March 17, 2016 to shareholders on record as at February 22, 2016. The ex-dividend date is February 18, 2016.

GraceKennedy has announced that effective today, GraceKennedy Money Services (GKMS) will be expanding operations into the Turks and Caicos Islands through GraceKennedy Money Services Turks & Caicos Limited (“GKMS Turks & Caicos”). GKMS is a member of the GraceKennedy Group and authorized agent of Western Union.

With this new market, GraceKennedy through GKMS, now serves as Western Union’s agent in eleven countries across the Caribbean, including Jamaica, Trinidad & Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla, Montserrat, the British Virgin Islands and the most recent addition, the Cayman Islands in November 2015.

According to GraceKennedy Group CEO, Don Wehby, “As we mark our 25th year of representing Western Union in the region, we are pleased to offer Western Union services in the Turks & Caicos Islands. This expansion is aligned with GraceKennedy’s strategic vision of becoming a Global Consumer Group delivering long term consumer and shareholder value, through brand building and innovative solutions in food and financial services, provided by highly skilled and motivated people. With two and a half decades of expertise in the money services industry, we look forward to meeting the needs of customers in the Turks & Caicos Islands.” Mr Wehby is also Chairman of GraceKennedy Money Services Caribbean, SRL.

According to Michelle Allen, Chief Executive Officer of GKMS, “We are excited to offer customers in the Turks and Caicos Islands Western Union services. We are committed to providing our customers throughout the region with reliable, convenient and innovative money transfer solutions.” She continued, “We will also continue our investment in robust compliance systems, which are critical to our business, allowing us to protect our customers while meeting all regulatory requirements.”

The Gleaner Company (GLNR) has advised that The Gleaner Company (GLNR) & Radio Jamaica Limited have applied for the court’s sanction of the scheme of arrangement for amalgamation and that the matter is set down for hearing on February 17, 2016.

Jamaican Teas Limited (JAMT) has advised that the Board at a meeting to be held on Monday, February 8, 2016 will discuss:

1. Approval of a  stock split of Shares in JAMT;
2. Approval of a second tranche of stock options for directors  and;
3. Approval for a renounce able  rights issue for Shareholders of JAMT 

Lasco Distributors Limited (LASD) has advised that Mr. Anthony Chang has resigned from the Board of Directors effective February 1, 2016.

Margaritaville (Turks) Limited (MTL) has advised that the Board of Directors declared an interim dividend US$.0103 per share unit, payable on March 16, 2016 to shareholders on record as at February 22, 2016. The ex-dividend date is February 18, 2016.

National Commercial Bank Jamaica Limited (NCBJ) has advised that Mr. Garfield Palmer, Manager of the Duke Street Branch, was promoted to the role of Assistant General Manager effective February 1, 2016. 

In addition, Ms. Gabrielle Banbury-Kelly will join the organisation as an Assistant General Manager assigned to the Group Managing Director’s Office effective February 15 2016.