JMMB Group Limited (JMMBGL) through its Dominican Republic subsidiary, JMMB Holding Company Limited, has obtained regulatory approval for the acquisition of 90% of shares of Banco Ahorro y Credito Rio. Banco Ahorro y Credito Rio (Banco Rio) is a savings and loans bank, in accordance with the Financial and Monetary Law of the Dominican Republic. They are licensed to provide: consumer loans; loans to small and medium enterprises (SMEs); commercial loans; credit cards; cambio services; savings account and certificates of deposit.
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Carreras Appoints Trade Marketing & Distribution Manager Published: 24 June 2015
Carreras Limited has advised of the appointment of Mrs. Heather Bulgin Williams as Trade Marketing & Distribution Manager effective June 22, 2015.
Senior Management Appointment at NCBJ Published: 22 June 2015
National Commercial Bank Jamaica Limited has advised that Mr. Andrew Simpson joined the organisation at the level of Assistant General Manager in the capacity of Assistant General Manager - Corporate Banking effective June 1, 2015.
GK to Sell 58.1% Stake in H&L for $18.50 per share Published: 17 June 2015
On June 16, 2015 GraceKennedy Group CEO Don Wehby announced that it has entered into the previously reported conditional agreement for the sale of GraceKennedy`s 58.1% shareholdings in Hardware & Lumber Limited (HL) with Greystone Equity Partners Inc. and/or nominee and who has nominated Argyle Industries (Jamaica) Limited as its nominee. The transaction terms include a maximum price of J$18.50 per ordinary share with the agreement subject to conditions and with completion anticipated by the end of July. Mr. Wehby reminded that the agreement is conditional and stated that "GraceKennedy is looking forward to the conclusion of the transaction in a timely manner and will communicate further as soon as it is finalized." He reiterated that GraceKennedy`s decision to sell its shares in HL was a strategic one, having regard to its core strategy of expansion in the foods and financial services sectors.
Seprod Limited (SEP) Resignation of Director Published: 08 June 2015
SEP has advised that Mr. Aston Smith resigned effective May 31, 2015. Mr. Smith was a member of the Audit Committee and his resignations was not in relation to any disagreement in respect of accounting principle or practices, financial statement disclosure or any other material issue impacting the Audit Committee or the members' ability to properly carry out the functions delegated by the Board.
Trinidad Cement Limited (TCL) Resignation of Directors Published: 08 June 2015
TCL has advised that Mr. Michael Glenn Hamel-Smith and Mr. Carlos Alberto Palero tendered their resignations from the Board of Trinidad Cement Limited effective as of the date and time on which the next Shareholders' meeting of the Company is held on July 20, 2015.
JMMB Group Declared Dividend Published: 08 June 2015
JMMB Group Ltd., has advised that the Board of Directors declared the payment of a dividend of sixteen cents ($0.16) per share unit, payable on June 29, 2015 to shareholders on record as at June 15, 2015. The ex-dividend date is June 11, 2015.
PROVEN Investments Ltd. (PIL) Declared Dividends Published: 08 June 2015
PIL has advised that the Board of Directors declared the payment of a dividend of US$0.0018 per share unit, payable on June 25, 2015 to ordinary shareholders on record as at June 11, 2015. The ex-dividend date is June 9, 2015.
PIL has declared a dividend payment of J$0.10 per share unit to Preference Shareholders, payable on June 24, 2015 on record as at June 10, 2015. The ex-dividend date June 8, 2015.
Medical Disposable & Supplies Ltd. (MDS) Declared a Dividend Published: 08 June 2015
MDS has advised that the Board of Directors declared the payment of a final dividend of four cents ($0.04) per share unit, payable on June 19, 2015 to shareholders on record as at June 8, 2015. The ex-dividend date is June 6, 2015.
Mayberry Investments Limited (MIL) Declared Dividend Published: 08 June 2015
Mayberry Investments Ltd (MIL) has advised that the Board of Directors declared a dividend for the ordinary shareholders in the amount of twenty cents per share ($0.20), payable on June 17, 2015 to shareholders on record as at June 10, 2015. The ex-dividend date is June 8, 2015.