The Board of Directors of The Palace Amusement Company (1921) Limited (PAL) has declared a dividend of $1.75 per share payable on January 19, 2016 to shareholders on record as at January 8, 2016. The ex-dividend date is January 6, 2016. The Annual General Meeting of PAL will be held on Tuesday, December 8, 2015 at 2:00 p.m. at 1a South Camp Road, Kingston.
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GraceKennedy Proceeding to Close Sale of H&L Published: 19 October 2015
GraceKennedy Limited (GK) advised on October 16, 2015 that after its initial announcement in May of this year regarding the planned divestment of its shares in subsidiary, Hardware & Lumber, and follow up announcement in June, that it had entered into a conditional agreement for the sale of the shares with Greystone Equity Partners Inc., or nominee, GK has advised that the main conditions of the transaction have now been met and the transaction will therefore be proceeding to closing. The sale is anticipated to be completed by the end of the year.
SVL to Roll Out New Technology Platform Published: 19 October 2015
Supreme Ventures Limited (SVL) announced on October 16, 2015, its planned roll-out of a new technology platform, IFLEX, for its sports betting operations. The significant investment is being implemented in conjunction with SVL`s technology partner for sports betting - INTRALOT. Implementation date is slated for October 20, 2015. This will include a huge jump in betting options and leagues, combined with live betting throughout events. SVL further advised that the
IFLEX betting platform project is worth over US$1,000,000 and will see investment in a state-of-the art, innovative, robust and high performance betting solution that meets the growing demands of the international gaming industry.
D&G to Consider Dividend Payment Published: 19 October 2015
The Board of Directors of Desnoes & Geddes Limited will consider a dividend payment for the year 2015 at a meeting scheduled for October 23, 2015.
Sagicor Group Declared Dividend Published: 15 October 2015
The Board of Directors of Sagicor Group Jamaica Limited has declared an interim dividend of $0.34 per share payable on November 13, 2015 to shareholders on record as at October 29, 2015. The ex-dividend date is October 27, 2015.
Sweet River Abattoir- Resignations & Appointments Published: 13 October 2015
Sweet River Abattoir and Supplies Company Limited (SRA) has advised that at its Annual General Meeting (AGM) held on October 9, 2015 Mr. Courtney Cole was appointed a director. SRA also advised that at the AGM Ms. Lisa-Kaye Bryan resigned as mentor and Ms. Maxine Wilson resigned as a director.
Heineken Acquired 73% of D&G Published: 13 October 2015
Desnoes & Geddes Limited (DG) has advised that it was advised on October 7, 2015 that Heineken acquired a controlling stake in DG by acquiring the entire issued share capital of Udiam Holdings AB a subsidiary of Diageo plc for the sum of US$420,990,826. Udiam owns 1,625,549,827 shares in DG which constitutes approximately 57.8% of the issued share capital of DG. Prior to the acquisition by Heineken, another subsidiary of Heineken owned 434,033,141 DG shares which constitutes approximately 15.45% of the share capital of DG. Following the acquisition, Heineken indirectly owns 2,059,610,670 shares which constitute approximately 73.32% of the share capital of DG.
Heinken Acquires Controlling Stake in D&G Published: 07 October 2015
Desnoes & Geddes (DG) has advised that Heineken has acquired controlling stake in DG and intends to make an offer to purchase all outstanding shares of DG pursuant to the Jamaican Takeover Code.
Kingston Properties Limited (KPREIT) – Resignation/Appointment of Executive Director Published: 06 October 2015
Kingston Properties Limited (KPREIT) has advised that Mrs. Fayval Williams, Executive Director of KPREIT has resigned effective October 31, 2015. KPREIT further advised that Mr. Kevin Richards, formerly of Sterling Asset Management was offered and accepted the position of CEO. Mr. Ricard’s appointment becomes effective November 2, 2015.
Seprod Limited (SEP) – Dividend Consideration Published: 06 October 2015
Seprod Limited (SEP) has advised that the Board of Directors will convene a meeting on Monday, October 12, 2015 to consider the payment of a dividend.