Jamaica Public Service Company Limited (JPS) has advised that the Board of Directors approved payment of US$0.713150685 per share to holders of Class F Preference shares on record as at September 25, 2015, payable on September 30, 2015. The ex-dividend date is September 23, 2015.

Gleaner Company Limited (GLNR) has advised the Board of Directors declared the payment of an interim dividend of $0.04 per share, payable on October 28, 2015, to shareholders on record as at October 1, 2015. The ex-dividend date is September 29, 2015.

JMMB Group Limited (JMMBGL) has advised that the Extraordinary General Meeting held on Wednesday, September 16, 2015 had 100% of the members present in person or by proxy at the meeting. They also advised that voting at the meeting approved the resolution for the issuance of six (6) billion Cumulative Redeemable Preference Shares.

Dolphin Cove Limited (DCOVE) has advised that at a meeting scheduled for Monday September 28, 2015 the Board of Directors will consider the payment of a dividend.

Gleaner Company Limited (GLNR) has advised that on Wednesday September 16, 2015 by round-robin resolution the Board of Directors will consider the payment of a dividend.

Cable & Wireless Jamaica Limited (CWJA) has advised that Mr. Ralph Perley McBride has been appointed as a Director of CWJA effective September 10, 2015.

In previous publications in May 2015, Trinidad Cement Limited (“TCL”/“the Company”) advised (inter alia):

• That it had secured bridge loan financing in the amount of US$245M, effective as of May 12, 2015, in order to repay loans and take advantage of the maximum amount of the prepayment discounts afforded under the debt restructuring arrangements agreed to in March 2015; and

• That the TCL Board of Directors had agreed to the engagement of arrangers for long-term financing to repay the bridge loan. TCL is pleased to advise that the process of acquiring long-term financing to repay the bridge loan has been successfully completed. On August 04, 2015, the Company took a decision to close the syndicated loan process, having received its targeted commitments of the equivalent of US$210M. On August 06, 2015, the TCL Board of Directors considered the various draft refinancing agreements in relation to the syndicated loan, and passed resolutions approving (inter alia) the terms and conditions outlined therein. The proceeds of the loan, together with internally generated cash of US$35M, were used to settle the bridge loan amount, effective August 11, 2015. The refinancing agreements were fully executed on and became effective from August 06, 2015. The key terms of the refinancing are as follows:

• The loan amount is the sum of US$210 million (comprising US$153.3M and TT$361.4M);
• The term of the loan is 5 years; 
• The interest rate is LIBOR + 5.50 %, on USD drawdowns and 3 Month TT Treasury Bill + 5.50% on TTD drawdowns, with a floor of 0.75% for LIBOR and the 3 Month TT Treasury Bill;
• The loan will be guaranteed by TCL’s subsidiaries;

The joint lead arrangers are Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.

Lasco Financial Services Limited (LASF) has advised that the Board of Directors declared the payment of an interim dividend of $0.0311 per share to shareholders on record as at September 17, 2015 payable on September 22, 2015. The ex-dividend date is September 15, 2015.

Lasco Distributors Limited (LASD) has advised that the Board of Directors declared the payment of a dividend of $0.0275 per share to shareholders on record as at September 17, 2015 payable on November 18, 2015. The ex-dividend date is September 15, 2015.

On Saturday, November 14, 2015 at 10:00 am, Jamaica Broilers Group Limited (JBG) will be hosting their 57^th Annual General Meeting at Jamaica Conference Centre, Ocean Boulevard, Kingston Mall in Kingston.