Berger Paints Ltd (BRG) has advised that a meeting with the Board of Directors will be held on Wednesday, April 22, 2015 to consider the payment of a dividend.

Irvine and Gerald Lalor Halls to be Reconstructed

138 Student Living Jamaica Limited signed a new Concession Agreement with the University of the West Indies Mona Campus on Friday April 10th which will see the renovation and expansion of the Gerald Lalor Flats and Irvine Hall.

The Gerald Lalor Flats which were built approximately 20 years ago will be renovated and expanded and brought into operations later this year.

Irvine Hall which is approximately 50 years old will be demolished, reconstructed and expanded.

Both projects will result in improved accommodation and additional facilities for students on the Mona Campus.

Signing of the Concession Agreement on Friday was: On behalf of the University of the West Indies, Mona Campus, The Principal Professor Archibald McDonald and Dr. Camille Bell-Hutchinson, Campus Registrar and on behalf of 138 Student Living , Mr John Lee, Chairman and Mrs. Marrynette Lee, Director.

Professor McDonald stated during the signing that Concession Agreements like this and the one signed this week by the Port Authority for KCT gives institutions or countries with vision but without the requisite financial capacity an opportunity to pursue their strategies; in the case of UWI first class student accommodation is a prerequisite to attracting additional local and overseas students.

The Chairman of 138 Student Living reminded the gathering that an undertaking was given in the IPO prospectus that new initiatives would be sought and brought into the company for the benefit of the existing shareholders. This is the first such initiative. A new company, 138SL Restoration Limited, is being formed to implement the concession and, initially, will be 100% owned by the shareholders of the original 138 Student Living .

The construction value of the Concession Agreement is estimated to be $2.2Bn, which will be spent over the next 2 years, is expected to bring a further 100 jobs to the number already created for phases 1 and 2 of the initial Concession Agreement.

The new towers to accommodate students, being built under first concession, are visible from most part of the campus and the Chairman of 138 SL sees the new concession as an endorsement by UWI Mona of the company’s progress since the ground breaking late last year.

Proven Investments Limited (Proven) has advised that the Lead Brokers to the Offer have received applications in excess of the allotted US$19.66 million for the Renounceable Rights Issue of 1 new ordinary share for every block of 3 ordinary shares held in Proven Investments Limited, as offered in the Prospectus dated March 12, 2015. The Board of Directors of Proven have therefore approved the upsizing of the shares made available for subscription, via the Conditional Offer described in the said Prospectus, and the extension of the closing date to April 17, 2015 to allow shareholders the ability to apply for additional shares over their original allotment, as contemplated by the Conditional Offer.

Jamaica Money Market Brokers Limited (JMMB), simultaneously delisted its Ordinary Shares and listed new shares in JMMB Group Limited as substitutes to JMMB shareholders at a ceremony at the Jamaica Stock Exchange (JSE) this morning. The one for one exchange means that the shareholders of the previous 1,630,552,532 share units in JMMB Ltd. now own the same number of shares in the JMMB Group, and continue to enjoy the benefits of being listed on the Exchange.

Dolphin Cove Ltd (DCOVE) has declared an interim dividend of $0.15 per share payable on Monday May 11, 2015 to shareholders on record at Friday April 24, 2015. The ex-dividend date is Wednesday April 22, 2015.

The Directors of Trinidad Cement Limited (TCL) have fixed Friday, April 17, 2015 as the record date for shareholders entitled to receive the Annual Report for TCL for the year ended December 31, 2014. TCL has advised that on March 31, 2015 at 4:00 p.m. it closed its offer for the pro-rata Rights Issue of 124,882,568 new shares, which was opened exclusively on the Trinidad and Tobago Stock Exchange. Shareholders are hereby advised of the following results for the Rights Issue: i. 118 shareholders accepted the provisional allotment in whole; ii. 9 shareholders accepted the provisional allotment in part; and iii. 6,354 shareholders allowed entitlement to the allotment to lapse. The number of shares subscribed by eligible shareholders during the period for exercising the pre-emptive rights in the Rights Issue was 51,817,920. Pursuant to the Subscription Agreement dated February 9, 2015 between Sierra Trading and TCL, the main terms of which were published from February 10, 2015, Sierra Trading, as the backstop shareholder, purchased 73,064,648 excess shares in the Rights Issue, representing the remaining shares that had not been subscribed and fully paid up by eligible shareholders upon the expiry of the period for exercising pre-emptive rights. Accordingly, the Rights Issue was fully subscribed.

The participation of Sierra Trading in the Rights Issue, through the exercise of its pre-emptive rights, as well as the purchase of the said excess shares under the Subscription Agreement, will result in Sierra Trading increasing its shareholdings in TCL from 20% to 39.5%. The total amount subscribed by Sierra Trading in the Rights Issue was US$44,852,400.98 worth of new shares. The total amount of capital raised in the Rights Issue was US$57,131,952.55. A condition precedent to the effectiveness of the terms and conditions of the Debt Restructuring agreements between TCL and its Creditors was for TCL to raise equity capital of at least US$50 million. Accordingly, this condition precedent has been met.

Proven Investments Limited (PROVEN) has advised that the Lead Brokers to the Offer have received applications in excess of the allotted US$19.66Mn for the Renounceable Rights Issue of 1 new ordinary share for every block of 3 ordinary shares held in Proven Investments Limited, as offered in the Prospectus dated March 12, 2015. The Board of Directors of Proven have therefore approved the upsizing of the shares made available for subscription, via the Conditional Offer described in the said Prospectus, and the extension of the closing date to April 17, 2015 to allow shareholders the ability to apply for additional shares over their original allotment, as contemplated by the Conditional Offer.

The Board of Directors of Jamaica Public Service Company Limited has declared quarterly preference share dividends payable July 1, 2015 to shareholders on record as at June 15, 2015 as follows:

• 7% Cumulative Preference Shares "B" - $0.035
• 5% Cumulative Preference Shares "C" - $0.025
• 5% Cumulative Preference Shares "D" - $0.025
• 6% Cumulative Preference Shares "E"  - $0.030

The ex-dividend date June 11, 2015.

Sterling Investments Limited has advised that due to delays associated with the Easter Holidays and the U.S. President`s trip to Jamaica, it has extended the closing date of its Rights Issue to April 22, 2015.

138 Student Living Jamaica Limited signed a new Concession Agreement with the University of the West Indies Mona Campus on Friday April 10, 2015 which will see the renovation and expansion of the Gerald Lalor Flats and Irvine Hall. The Gerald Lalor Flats which were built approximately 20 years ago will be renovated and expanded and brought into operations later this year. Irvine Hall which is approximately 50 years old will be demolished, reconstructed and expanded. Both projects will result in improved accommodation and additional facilities for students on the Mona Campus. The construction value of the Concession Agreement is estimated to be $2.2 billion, which will be spent over the next 2 years, is expected to bring a further 100 jobs to the number already created for phases 1 and 2 of the initial Concession Agreement.